| There are three main steps in the processing of loan requests. |
All application for loans should be directed
to the Branch where the applicant's account is held. On receipt of a request
for loan, the applicant may be invited for an interview. An application form
may then be completed.
2. The credit officer of the branch will verify the information furnished by the
applicant. Where applicable, the project site is visited. The credit officer
will assemble the necessary data to assess the applicant's credit needs and
also ascertain the economic, financial, managerial, marketing/commercial and
technical aspects of the proposed project.
3. The credit officer finally prepares an appraisal report for the consideration
of the appropriate loan-approving authority. Depending on the amount of loan
involved, the credit recommendations will be considered at any of the following
levels:
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