FAQs
What is the primary focus of the Secured Micro Loan Business segment?
The primary focus is to cater to funding short term and medium term working capital needs of small businesses and individuals through customized products that require collateral.
Who are the typical customers for the Secured Micro Loan products?
The typical customers include self-employed individuals and non-individual entities seeking funding for purposes such as working capital requirements and business expansion.
What are the key characteristics of the Secured Micro Loan business?
The Secured Micro Loan business is highly retail in nature, characterized by high transaction volumes, smaller ticket sizes, and significantly higher profit margins compared to traditional Secured Lending products.
What are the main business objectives for the Senior RM in this role?
The main business objectives include achieving targets for loan book size, profitability, and minimizing delinquency, while maintaining high portfolio health and quality.
How does the cost of funding affect the business?
Higher costs of funding can impact profitability and competitiveness, influencing the loan rates that can be offered to customers.
What skills or knowledge are important for this role?
Important skills include a strong understanding of product market characteristics, connector relationship management, regional occupations/trade, and local financial preferences and practices.
Who does the Senior RM report to within the organization?
The Senior RM reports to the Area Head (Sales) – ABFL, with responsibilities related to sales targets including book size, profitability, growth, and customer service objectives.
What types of loans are offered under the Secured Micro Loan product line?
The offerings include customized short and long-tenured secured loans tailored to meet the working capital needs of small businesses and individuals.