Credit or Loans Officer

The purpose of this qualification is to prepare a learner to operate as a Credit or Loans Officer. A Credit or Loans Officer, analyses, evaluates and processes credit and loan applications. They operate in different credit contexts like banks and micro-finance institutions. A qualified learner will be able to: • Promote credit products. • Assess and evaluate credit applications. • Manage and maintain the quality of credit portfolios.

The microfinance industry in South Africa is a large and growing sector of the national economy. It is estimated to be worth R50 billion. Banks and Micro-Finance Institutions (MFIs) are attempting to service millions of South Africans who previously never had access to finance. The micro-finance sector is a large and growing one which requires skilled and professional employees. These employees will work with clients, both in assisting them with credit applications and in advising on the suitability of clients to be granted credit. Credit or Loan Officers perform several critical tasks from promoting credit products to processing credit applications and managing credit portfolios. Lack of vigilance or adherence to company procedure can lead to significant losses for the company. This qualification will serve the competence and skills needs of the Credit or Loan Officer. Typical learners will be those who have worked in the sector for any number of years but have no formal qualification in micro-finance. Including, learners who wish to enter the micro-finance sector and work towards a nationally-recognised qualification. The micro-finance industry is highly regulated. This qualification will enable the learner to comply with the regulations when performing their functions. Also, ensuring organisational compliance with the regulatory framework.

Recognition of Prior Learning (RPL): RPL for access to the external integrated summative assessment: Accredited providers and approved workplaces must apply the internal assessment criteria specified in the related curriculum document to establish and confirm prior learning. Accredited providers and workplaces must confirm prior learning by issuing a statement of result or certifying a work experience record. RPL for access to the qualification: Accredited providers and approved workplaces may Recognise Prior Learning against the relevant access requirements. Entry Requirements: • Level 3 Qualification with Mathematical Literacy.

• Promote and sell credit products.
• Assess and evaluate individual or group or business credit applications to determine viability.
• Manage and maintain a credit portfolio.