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Enhance debt collection strategies for defaulted loans, engage debt collectors, improve collections management, negotiate settlements, offer loan re-scheduling, and provide business development support. Recommend write-offs when justified.
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Portfolio report January 2014
PROGRESSTO DATE • Developing collection prioritization and debt collection strategies to minimize the impact of loan default • In a process of procuring the services of debt collectors from database to scale up the collection process to clients who have already defaulted • Improving collections management systems • Negotiate settlement offers • Flexible in loan re-scheduling or rehabilitation in case of Jeopardy Situation • Providing business development support services such as mentorship, guidance or coaching, and where possible link business to market opportunities to be able to increase their sales • Recommend write-offs where there is justification