Loan Officer

About BAP Finance:

BAP Finance is delivering the products and services to rural farmers to unlock potentials and propel communities forward. To catalyze farmers to realize their potential BAP Finance offers asset financing directly to the most remote farmers. Our first product, a bicycle, connects farmers to market and other basic life needs. Our portfolio is growing with new assets that push upward mobility for rural farmers. We’re dedicated to serving farmers who are financially excluded and yet need access to assets on credit.

We are a social driven business. We are committed to our impact and the farming customers we serve, but we see the need for business opportunities in community development.

To date we’ve disbursed over 2,900 loans and are focused on another 2,000 in the coming twelve months.

About the Role:

As a Loan Officer, you will have the overall responsibility to ensure a high quality loan portfolio. Your primary responsibilities will include:

Applications and Appraisals of clients (25%):

• Evaluate the credit worthiness of individuals using the individual application and appraisal forms

• Use BAP policies strictly when carrying out client application and appraisal processes

• Going above and beyond the individual appraisal to use good judgment in loan processes

Loan Distribution (10%):

• Coordinating logistics of loan disbursements

• Ensuring bicycles are disbursed to named applicants

• Ensure all applications and agreements are dually signed and completed

Group/Individual Repayments (40%):

• Call or text group executives two to three days before repayment dates

• Attend all loan repayments

• Ensure and enforce attendance of groups at loan repayments

• Ensure repayment schedules, group receipts, and passbooks are up to date and accurate

• Supervise repayments to ensure timely repayments from all clients

Monitoring and Defaulting Clients (10%):

• Proactively follow-up with clients who miss payments, starting from the day they miss

• Comply with BAP Finance follow-up procedures for defaulting clients

• Assess late fines, and repossess collateral when necessary, according to organizational policies and procedures

Administrative Tasks (10%):

• Maintain and update written and electronic loan records, as well as other client or group documents

• Field enumeration and data reporting

• Write all necessary loan reports

• Photocopying, data entry, and answering phone calls as necessary

• Other tasks deemed necessary by the supervisor

Strategy (5%):

• Work with management to improve loan procedures and policies

• Work with management to achieve, or exceed, quarterly and annual organization goals

Key Result Areas/ Accountabilities:

• Thorough and accurate evaluation of creditworthiness, including home visits for each client

• Maintain strong repayment rate (over 90%) and below 1% Portfolio at Risk (PAR30)

• Show accountability for defaulting loans with proactive outreach and follow-up with clients from the first day they miss payments

• Maintain strong relationships with group executives, and clients, and community leaders

• Ensure paper and electronic group records match, are accurate and up to date

Who we are looking for:

• At least one year of experience in a similar role at a credit institution, preference given to those who have worked at a Microfinance Institution (MFI)

• A diploma or degree in relevant field (Finance, Business, etc.)

• Experience working with VSLAs, or farmer’s groups

• Familiarity with agriculture

• Fluency in both Luo and English, with strong written and oral communication skills

• Ability to ride motorcycle long distances daily

• Be able to work independently

• Computer skills including a loan database, Microsoft Word and Excel, as well as, the ability to learn new programs

• Extremely organized, detail-oriented, fast-paced and efficient with a high level of integrity

• Able to work independently in an unstructured environment where systems and processes are being built or improved everyday

Why work with us?

• BAP Finance is growing quickly, which allows the opportunity of staff to grow with us. We offer professional development stipends for employees to use at workshops or trainings of their choice.

• We offer competitive salaries and monthly airtime stipends.

• We are constantly seeking to build the best company. This means we take your feedback seriously – your knowledge and experience can improve our policies and procedures.

• While our team is result-oriented, we also have a lot of fun. We enjoy team meals and lots of laughter.

Other information:

You will work primarily out of our office in Gulu. You will spend approximately 75% of your time in the field. Working hours are Monday to Friday 9:00am to 5:30pm. Saturday hours are 9:00am to 2:00pm. We have the last Saturday of each month off. Evening and weekend work may be needed.

As a Loan Officer, you report to the Branch Manager and will work alongside a growing team of six other Loan Officers and two Relationship Officers.

How to apply:

Please send your CV and cover letter to fred@bicyclesagainstpoverty.org or hand deliver it to our office in Senior Quarters, Plot 30 Eden Road in Gulu