Loan Officer (Several No Experience Positions) – Umoja Microfinance

Job Title: Loan Officer (Several No Experience Positions)

Organisation: Umoja Microfinance

Duty Station: Kampala, Uganda

About Organisation:

Umoja Microfinance is a Ugandan Microfinance located at Ben Okot road, Plot 11, Bukoto Kampala and started its activities on 1st October 2021.Umoja is a money lending institution licenced by the Uganda Microfinance Regulatory Authority (UMRA) and a member of the Association of Microfinance Institutions of Uganda (AMFIU). Umoja Microfinance exists to serve and empower people to build brighter futures together. Umoja means “unity” in Swahili. We are focused on improving lives through financial inclusion for all people. By providing the initial step up to those in need we believe we can break the cycle of poverty and empower a new generation of entrepreneurs and leaders in their communities.

Key Duties and Responsibilities:

• A Loans Officer serves as the primary liaison between financial institutions and borrowers.
• Their main role is to evaluate, authorize, or recommend approval of loan applications for individuals and businesses, balancing bank risk with client needs.
• To market Umoja Microfinance products by clearly explaining to individuals the types of loans and credit options available as well as the terms of loans.
• To analyse and assess the applicant’s credibility to determine feasibility of granting loans.
• To carry out proper verification of both the individual’s business premises as well as residence prior to recommendation for a loan.
• To evaluate loan applications and documents to confirm authenticity.
• To approve loans and present to the respective Branch Manager for final Approval.
• To update clients about any new policy that may be passed by the Company and ensure implementation of the same.
• To ensure that the disbursed loans are recovered back within the stipulated period.
• To review and update accurate information required concerning the loans.
• To obtain and record accurate information about the clients.
• Update in time all the necessary record books.
• Any other duty that may be assigned to you.

Qualifications, Skills and Experience:

• Should have a minimum of bachelors/ diploma level
• Should have passed English and Math with a credit in both
• Should have at least 2 Principle passes in the UACE Exams
• Must be 30 years and below
• Should be flexible and willing to work in all parts of Uganda
• Ability to communicate fluently in English and at least two Ugandan local languages;
• Luganda, Lusoga, Lugwere, Lusamia, Lugisu (Lumasaba), Runyankole, Rukiga, Runyoro, Rutooro, Rukonjo, Lubwisi, Rwamba, Rufumbira, Acholi, Langi, Alur, Lugbara, Madi, Kakwa, Aringa, Ateso, Kumam, Sebei (Kupsapiiny), Lunyabindi, Lutuku, Lugungu, Lugwere, Lunyole, Japadola, Lukenyi, Swahili.

How to Apply:

Send your C.V, Cover letter & Academic documents to Apply by Email

NB: Only shortlisted candidates will be contacted.

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Level of Education: bachelor degree

Work Hours: 8

Experience in Months: no experience