AREAS FOR DEVELOPMENT ACTION PLAN

DATE OF VISIT 27-28 April 2011

LENDING
1. What changes have been made to the loan application process following the training?
All loan applications have the required information to enable the credit committee to assess
and approve all loans fairly and without error

9. Has the loan delinquency rate reduced following the training – what was the previous
delinquency rate?
Credit Union Board and Loan Committee hold a meeting to discuss and implement improved
loan collection strategies
Credit Union Board and Loan Committee consider their loan approval process to ensure
people’s ability to repay a loan is comprehensively considered
Credit Union Board and Loan Committee consider their loan policy, in particular the loan limits
applied.
Credit Union Board and Loan Committee consider the collateral used to secure loans

LEADERSHIP
AREAS FOR DEVELOPMENT : None
GOOD GOVERNANCE
3.Does the credit union have a board?
If No [Above]
Members meet at a meeting to democratically select a board for their credit union

SAVINGS MOBILISATION
AREAS FOR DEVELOPMENT : None
MICROENTERPRISE
AREAS FOR DEVELOPMENT : None
FINANCIAL LITERACY, CHILDREN’S SAVINGS AND MEMBERSHIP
AREAS FOR DEVELOPMENT : None
TIME FRAME OF NEXT VISIT
CUFA Staff Member Saloun Chey
Name of Manager of Credit Union Salim Ly