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DIRECTORATE OF LOANS REPAYMENT AND RECOVERY |
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The Division is responsible for: ·        Schedule some of the basic functions and duties of the directorate to his/her heads of Section. ·        To formulates appropriate mechanisms for repayment or recovery of loans. ·        To create a network and strengthen cooperation with employers, loan beneficiaries and Higher Education Institutions for the purpose of ensuring smooth repayment of loans. ·        To cause inspection work on business premises with the purpose of establishing the whereabouts of loan beneficiaries in order to enforce repayments. ·        To develop plans to mobilize and sensitize loanees to repay the loans before taking recovery measures. ·        To liaison with the Legal Unit, to put in place adequate machinery for perfection of loan securities/collaterals. ·        To respond and timely to loan repayment complaints.
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