In this video series-7 on Joint Liability Group Lending Kabir Kumar, Microfinance Analyst, CGAP, introduces Delinquency Management Process of Spandana, India. This video shows how Spandana ensures the repayment problems are caught early and how it has been able to maintain excellent portfolio quality. At this stage of lending cycle, the field officer along with the group leader visits the member to recover the default payment. If the instalment isn’t recovered the branch manager takes charge of the situation. If the member still defaults regional manager tries to recover from the group.
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JLG Loan Utilisation Check Process Spandana India
In this video series-5 on Joint Liability Group Lending, Kabir Kumar Microfinance Analyst, CGAP introduces Loan Utilisation Check Process of Spandana, India. Through this process, MFIs ensure that the funds are being utilised wisely and in an order to generate additional income. The process also helps in building better relations with clients and helps in their financial education. The business visit is necessary to ensure that the loan amount is used for the said purpose. Here the field officer fills the loan utilisation report and confirms the information gathered with the group leader.
JLG Collection Process Spandana India
In this video series-6 on Joint Liability Group Lending, Kabir Kumar Microfinance Analyst, CGAP talks about how does Spandana, India organises their collection process. A typical collection process begins with the members submitting their loan card and instalment amount to the group leader, who in turn handover the collected cash to the field officer. Following which the loan officer verifies the amount collected and then updates the centre register and the loan card of the members.
JLG Disbursement Process Spandana India
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In this video series-4 on Joint Liability Group Lending Process, Kabir Kumar Microfinance Analyst, CGAP talks about Disbursement Process of Spandana, India, where the consumers are given full disclosure regarding the loan terms and conditions which is an important part of client education and transparency. He also emphasises on the role of accounting and information systems the MFIs use to control the process. In this process, the spouses of the members also attend the centre meeting and the loan terms and conditions are explained to them and the paperwork signed before handing over the cash to the member.
JLG Loan Origination Process and Group Recognition Test Process Spandana India
In this video series-3, delving deep into Joint Liability Group Lending Process Kabir Kumar Microfinance Analyst, CGAP introduces Loan Origination Process and Group Recognition Test (GRT) Process as applied by Spandana, one of the leading MFIs of India. At this stage the field officer collects ID proof and address proof and then loan application form is filled and dully signed by the whole group. Further, the loan is granted once the group clears the GRT in the presence of branch manager. If any member misses the GRT the meeting gets re-scheduled.
JLG Loan Origination Process and Group Recognition Test Process Spandana India
In this video series-3, delving deep into Joint Liability Group Lending Process Kabir Kumar Microfinance Analyst, CGAP introduces Loan Origination Process and Group Recognition Test (GRT) Process as applied by Spandana, one of the leading MFIs of India. At this stage the field officer collects ID proof and address proof and then loan application form is filled and dully signed by the whole group. Further, the loan is granted once the group clears the GRT in the presence of branch manager. If any member misses the GRT the meeting gets re-scheduled.