Microfinance Relationship Manager

Equitas Small Finance Ltd

Edappady

Not disclosed

Work from Office

Full Time

Min. 2 years

Job Details

Job Description

Relationship Manager - MF

1. Customer Acquisition & Group Formation
  • Sourcing & Grouping: Identifying unbanked or low-income individuals and forming Joint Liability Groups (usually 5-10 women) to guarantee each other's loans.
  • KYC Collection & Verification: Collecting and verifying required documents (Aadhaar, Voter ID, Ration Card) in the field.
  • Financial Literacy: Educating rural or semi-urban borrowers about microfinance, loan terms, and group responsibilities. [1, 2]

2. Portfolio & Risk Management
  • Underwriting & Group Recognition Test (GRT): Conducting thorough field visits, house checks, and group interviews to assess the creditworthiness and repayment capacity of applicants.
  • Portfolio Quality: Ensuring non-performing assets (NPAs) and overdue accounts are kept to a strict minimum.
  • Loan Utilization Checks (LUC): Verifying that disbursed funds are strictly used for the declared income-generating purposes (e.g., small business, dairy, weaving) rather than personal expenses. [1]

3. Target Achievement & Sales
  • Disbursement Targets: Meeting monthly or weekly targets for the number of active groups, loan sizes, and total disbursed amount.
  • Cross-Selling: Pitching other financial products to the group, such as micro-insurance (health/life) or savings accounts. [1]

4. Collection & Recovery
  • Center Meetings: Attending weekly or bi-weekly center meetings at the village level to collect installment payments (EMI) from the groups. [1]
  • Delinquency Control: Following up with defaulters, identifying early signs of financial distress, and ensuring recovery while maintaining customer relationships. [1, 2]

5. Compliance & Audit
  • Regulatory Compliance: Adhering to RBI guidelines regarding microfinance lending limits and interest rates.
  • Audit Resolution: Escaping critical issues and swiftly resolving internal audit discrepancies in the field

Job role

Work location

Inclusive Banking - MF>South>Tamil Nadu>Erode>Salem>Attyampatty>EDAPPADY>1268>Edapady

Department

Banking / Insurance / Financial Services

Role / Category

Banking/Loan Sales

Employment type

Full Time

Shift

Day Shift

Job requirements

Experience

Min. 2 years

About company

Name

Equitas Small Finance Ltd

Job posted by Equitas Small Finance Ltd

Apply on company website