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Loans & Financial Control Management

Time:2009-04-24 23:34:02From: Writer:(Translated by Jennifer Yau) Click:
  

ARDY oversees the microfinance work at the various branches by sending special supervisory staff to the branches regularly with or without forewarning. The staff members will go the branches and to the homes of the customers that are randomly or not randomly selected.

I.                    Regulations for Loan Reports

a.       Loan members found to intentionally falsify information independently or collaboratively by supervisory staff members will be fired immediately with only one vote. Their workload will be transferred to other members. They will also undertake any economic or legal responsibilities.

b.      If there is any adverse consequences from the failure of duty, members will be given a warning without undertaking any economic responsibilities. If a third time occurs, they will immediately be fired, and their workload will be transferred to other workers.

II.                   Supervision of Loan Recovery

(For members who fail in this category, two warnings will be given. With an occurrence of a third time, they will be fired.)

a.       Staff member who did not give notice or urge customers to repay their loans on time

b.      Staff member who left his/her post without getting any authorization

c.       Staff member who failed to deposit receivables in a timely manner

d.      Staff member who failed to keep account in a timely manner

e.      Staff member who do not transfer their data or notes in a timely manner

f.        Staff member whose work do not meet the expectations

III.                Control of Financial Affairs

(For members who fail in this category, two warnings will be given. With an occurrence of a third time, they will be fired.)

a.       Staff member who accounted for things late

b.      Staff member who did not  report accounting records in a timely manner; a penalty given every five times

c.       Staff member who reported incorrect monthly statements; a penalty given for every 10 mistakes

d.      Staff member who break financial rules: releasing funds without instructions or embezzling public funds

September 2004

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