INSTRUCTIONS:
- Write your Full name in the Answer Sheet Provided.
- Answer all questions in section A and B.
- You are strictly forbidden to use the mobile Phone in the Exam room.
- You use the Answer sheet provided for answering questions.
- Please show the steps in getting your answers (For calculations only).
- This test contains total Marks of 100.
- TIME: 2 Hours.
SECTION A: (Carries 55 Marks)
- The credit analysis result revealed that Ms. Josephine's net monthly profit from her business is TZS 350,000. She has applied for the loan of TZS 3,000,000 for expanding her business stock. The monthly flat rate of 3% is charged by the organization. What appropriate option of the loan structure will you recommend as credit officer and explain why. (5 Marks) a. TZS 3,000,000 loan for 12 months duration, monthly installment payment b. TZS 3,000,000 loan for 6-month duration, monthly installment payment c. None above
- With examples, briefly explain why microfinance are important for socio-economic development? (10 marks)
- What mechanisms will you take in case a member fails to pay her loan? Mention atleast five points. (10 points)
- a) What are the qualities good credit officer (10 marks) b) What does the term ‘Mortgage’ mean? (5 Marks)
- Differentiate the following financial terms (15 Marks) brac (a) Asset and Liability (b) Sales and Profit
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