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? …
Course Overview Artisan in Store-Keeping means the perfect career path for you. Tumaini Institute of Management is the trainer of choice. Students looking for a successful career in Finance, ICT, Procurement, Accounting, Credit Management, Banking, Customer Service and Sales and Marketing come to us. As your education partner in your professional journey, we train students …
Many students have the following questions and cannot get concrete answers. I scored a D- (Minus) in Secondary school. What can I do next? Can I do a diploma or degree course of my choice? Is there a course can undertake and progress to diploma or degree course? Is there a future for me after …
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 Secretaries (CS) course is offered by KASNEB to individuals who wish become practitioners in governance audits and compliance, corporate secretarial practice, corporate law, consultancy and business management and administration. CS qualification is one of the many qualifications offered by KASNEB like the CPA, CIFA, and CCP. Entry requirements for the course is a KCSE …
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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 …
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What is a credit Policy? A credit policy is a document housing a set of decisions or procedures to be considered when extending goods and services on credit. The purpose of the policy is to answer the following questions; Who qualifies for credit? Terms of credit to be considered How to collect from customers Recovery …
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 …
