Credit Officers Jobs Vacancy at Self Microfinance Fund Tanzania January 2022


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About Self Microfinance

SELF Microfinance Fund is a product of Government Project which was known as ‘Small Entrepreneurs Loan Facility (SELF)” formed in 1999. SELF Project was among Government programmes pursuing poverty alleviation role on behalf of the Government which was jointly funded by Government of Tanzania and African Development Bank (AfDB).

The Project focused on enhancing the contribution of the Small Medium Enterprises (SMEs) to economic growth and reduction of poverty and to enhance microfinance industry in Tanzania through;

Wholesale loan fund to eligible Microfinance Institutions (MFIs);

Strengthening the capacity of collaborating MFIs through training and institutional support; and

Promote and sensitize the formation of new grassroots MFIs.

The performance of the Project was significantly notable, and thus it was found to be beneficial to transform the Project into a sustainable entity beyond its project life to enable it pursue further this noble role. The Cabinet sitting of 13th June 2014; assented SELF II Project to transform to Company Limited by Guarantee (CLG), which conforms adequately on status incorporation, business form, assets transfer and ownership. SELF Microfinance Fund was incorporated on 14th September 2014 under Company Act 2002 as a Company Limited by Guarantee and the main guarantor being the Government of United Republic of Tanzania through the Ministry of Finance and Planning under the Treasury Registrar.

In November 2018, The Government of Tanzania reached the decision to merge SELF Microfinance Fund (SELF MF) and UTT Microfinance (UTT MFI). The merging aimed at synergizing human capital, Financial (Capital Investment) and business opportunities that existed between the two (2) companies and reduce Government dependence. Merging the two companies provided the new formed company with synergies and economies of scale that can lead to greater efficiency and profitability.



EMPLOYER SELF: Microfinance Fund

APPLICATION TIMELINE: 2022-01-24 to 2022-02-06



i.To undertake awareness raising and sensitization of wholesale and retail clients;

ii. To conduct area mapping and active marketing campaigns by paying visits to potential customers in order to attract new clients;

iii. To closely liaise with Fund’s borrowers to ensure timely loan repayments;

iv. To conduct credit appraisals for loan applicants and recommend eligible borrowers

v. To prepare and present credit appraisal reports to the Branch Manager for review and approval as defined in the Fund’s approval matrix;

vi. To ensure the Branch meets or exceeds the loan targets as agreed upon in the business plan;

vii. To conduct client de-briefing during loan releases;

viii. To report and assist the Fund’s Legal Officer in litigation matters against borrower clients;

ix. To prepare and present credit applications to the Branch Manager for review and recommendation for approval by the relevant authority;

x. To prepare and submit loan portfolio management reports to the Branch Manager for review and guidance;

xi. To file out loan applications, credit analysis, and loan request summaries and submitting the same to loan committees for approval;

xii. To ensure post-disbursement compliance with approved terms and conditions as well as reviewing expiry of credits, progress of repayment, insurance, and post fact mortgage;

xiii. To assist in controlling the recording, deposit, and withdrawal of security documentation;

xiv. To be responsible for collateral valuation, monitoring, and reconciliation with the same with original documents;

xv. To ensure compliance with credit approval terms, conditions, and regulatory requirements;

xvi. To prepare loan agreements and ensuring that they are complete and accurate according to applicable policies;

xvii. To evaluate clients’ credit data and financial statements in order to determine the degree of risks involved in lending money to the clients;

xviii. To consult credit associations and references to exchange credit information on clients;

xix. To evaluate the financial status of clients by producing financial ratios;

xx. To make recommendations about procedural/policy changes; and

xxi. To perform any other duties as may be assigned by his/her Supervisor.


Holders of Bachelor Degree in one of the following fields: Finance, Banking, Financial Management, Development Finance and Investment Planning, Microfinance, Accounting, Entrepreneurship, Economics, Agricultural Economics, Commerce or Business Administration majoring in either Finance, Banking, Microfinance, Accounting, Entrepreneurship or equivalent qualification from a recognized institution.


i. Ability to sale and market SELF MF Products

ii. Ability to negotiate with clients

iii. Ability to analyze and interpret loan applications

iv. Ability to recover defaulted loans

v. Good communication skills

vi. Readiness to work anywhere in Tanzania


The deadline for submitting the application is 06 February 2022.


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