CREDIT POLICY AND LOAN RECOVERY IN MICRO FINANCE Micro financing companies are offering collateral free loans to individual and organizations or group to self sustain or develop their business progressively, basically this is the objectives of most micro-financing organization and in time the borrower will need to pay their loan so that they can be granted another loan after their payment cycle. But in the beginning before they were granted to take the loan there will be an assessment, company orientation and credit policy orientation that they need to understand. These are the governing rules and regulation that borrowers may need to deal with so as to continue long term partnership among the borrowers and the financiers. Here are some general credit policies and lending procedures for a borrower that needs to undertake before taking a consideration in joining the group of micro-financing organization. 1. The borrowers must be qualified, they...