Institute of Credit Management-Kenya is a professional outfit, for all CCP(K)s and Credit management practitioners certified by other recognized global bodies.
The #SACCO sub-sector plays a critical role in real financial intermediation. The sub-sector requires #Credit professionals equipped with solid skills to steer the lending business. ICM was happy to be welcomed by the CEO, @SASRA_ke and discussed partnership frontiers.
#TradeCredit and credit instruments enhance commerce in economies. Credit professionals play a critical role in the sales value chain: Promoting sales while SAFEGUARDING finances.
https://t.co/qyaqdW1mfD
@CBKKenya Bank Supervisory report: Breaches include over-lending to a single borrower, excessive insider lending, over-lending to the real estate sector, too much foreign exchange exposure and the failure to keep aside adequate capital for high-risk loans
https://t.co/hKuWl6bCZL
Today the @Kenya_ICM council met with the @KASNEBOfficial CEO and discussed synergies regarding growth of the #Credit profession in Kenya. @KASNEBOfficial is a key stakeholder for ICM being the examiner of the #CCP examinations upon whose certification one joins the institute.
CBK Bank innovation survey cites that 32% of the institutions reported that credit business is the least digitized area of their institution’s operations- loan application, credit appraisal, credit approval, disbursement, and repayment. Risk factor?
https://t.co/rY5A35mxh8
People ask: What is #CreditManagement?
An enterprise has 2 options to sell: Cash or Credit. A company’s action plan to increase sales using #credit and guard against late payments or defaults by customers is #CreditManagement.
So what are the safeguards?
0.75% raise of the CBR R is likely to push up the cost of credit from the Banking sector and in the short-run, depress the private sector credit growth.
We encourage hiring of Certified Credit Professional(CCPs) in key #CreditManagement positions. Are you interested in a career in credit management? Enroll @KASNEBOfficial and more at https://t.co/taxuZ86UmV. @Ihrm_Kenya
https://t.co/cQlfyLg41W
Central Bank Rate(CBR) retained at 8.75%- Monetary Policy Committee.
The committee's role is to maintain a low and stable inflation rate over time, an indication of price stability- by managing the supply of money in the economy.
Kenyans and Kenyan economy is this agile regarding #SourcesOfFinance. The SACCO sub-sector can take advantage of this window, with enhanced liquidity options.
Banks rates rise sparks loans buyoff by saccos- Busines Daily
https://t.co/PYsyAzib5X