Loan performance analysis is crucial for growth and sustainability of microfinance banks and credit organizations. Performance analysis is an integral part of loan management systems.
Loan officers must be able to view performing loans, that is, loans with zero days of risk/missed payment; pass and watch loans, that is, loans that has 1 to 30 days missed payment; substandard loans with 31 to 60 days of missed payment; and doubtful loans, that is, 61 to 90 days of missed payment. Loan that has over 91 days of missed payment is considered lost loan (CBN, 2013). This will enable them to assess the level of performance of loan disbursed.
With Sysbanker EE, our core banking technological solution; mobile responsive, and cloud implementable microfinance banking software in Nigeria, loan performance analysis is as simple as ABC.
Kindly reach out to us today at Mira Technologies and let’s share how Sysbanker EE can help in loan performance management, thereby enhancing your banking operations and improving loan recovery processes.
Sysbanker EE: your reliable partner in microfinance banking.