What is delinquency? It is a condition that arises when an activity or situation doesn’t occur at its scheduled or expected date i.e. it occurs later than expected. The pre-agreed schedule is not followed as expected. It implies an obligation has not been discharged per the scheduled date or time. What is delinquency in Lending? …
Waiting to learn from your own mistake is detrimental to your career life, don’t ignore the wise words of those that have gone ahead. Below are some factors to put into consideration: Never work alone in lending because then, you have only one opinion. Teamwork is a recipe for success in lending. Procrastination leads to …
Small and medium enterprises face a number of challenges and constraints; every lender must consider them before extending credit to them. The following are some of the challenges and constraints that face SME: Demand Fluctuations SMEs are affected by cyclical fluctuations in demand which may negatively affect the bottom-line of the business. They face stiff …
IFRS – International Financial Reporting Standards 9 What is IFRS 9 in simple terms? IFRS 9 is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB). … It contains three main topics: classification and measurement of financial instruments, impairment of financial assets and hedge accounting. The standard replaced IAS 39 …
Certified Credit Professional (CCP) course is offered by KASNEB to individuals who wish to qualify and work as professionals in credit management. The training curriculum is geared towards equipping professionals with lending, credit analysis, collection, debt management and recovery skills and knowledge. CCP qualification is one of the many qualifications offered by KASNEB like the …
WHAT IS CCP (CERTIFIED CREDIT PROFESSIONAL) COURSE IN KENYA? Read More »
The word credit originates form a Latin word known as “credere” which means trust, faith and belief. A credit transaction involves two parties who are the lender and the borrower where goods and services are exchanged and payment expected at a future date. Credit is classified into three categories which are, Consumer credit, Trade credit …
Investing means putting an amount of something, with the expectation, it will generate a return in the future. It involves taking risks with hope and potential of a higher return.One must have the willingness to accept loss as a possible outcome. To invest one must be patient, courageous and determined through the investment journey. It …
CREDIT MANAGEMENT LEVEL 5 CERTIFICATE EXAMINING BODY- TVET CDACC COURSE DURATION- 1 YEAR COURSE UNITS Credit management certificate level 5 qualifications consists of competencies that an individual must achieve to administer requests for credit, administer debtors ledger, monitor business performance manage, debt collection and recovery, evaluate credit portfolio performance, manage credit risk and compliance, operate …
