FIRST AFRICAN SAVINGS AND LOANS

LTD

[CHECKLIST FOR LOANS]

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FIRST AFRICAN SAVINGS & LOANS LIMITED

CHECKLIST TO ENSURE THAT THE LOAN FILE HAS BEEN PROPERLY PROCESSED AND ALL REQUIREMENTS HAVE BEEN MET AND DISBURSEMENT IS PROPERLY
AUTHOURISED

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FIRST AFRICAN SAVINGS & LOANS LIMITED

CUSTOMER FACILITY DATE AMOUNT AMOUNT

NAME NUMBER APPROVED APPROVED OUTSTANDING

L and J
Fashions 1011440 8 February, 2013 20,000.00 20,000.00
Limited

ACTIVITY DOCUMENT COMMENTS/REASONS/AUDIT ISSUES

REQUIRED YES NO IDENTIFIED
Has loan Loan form 
application been
completed
Is all signature Loan form, 
columns Guarantor’s form,
appropriately
signed
Has approval Loan form 
been signed off
appropriately
Is the facility Facility 
agreement duly agreement
completed

Does the facility Loan form, facility 

agreement agreement,
contain all terms extracts of board
as required by minutes
approving
authorities
including pre
disbursement
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FIRST AFRICAN SAVINGS & LOANS LIMITED

conditions
Are all security Asset pledge  Client collateral has not been registered
conditions met form, Guarantee (as no registration certificate has been
and security contract, sighted) with the collateral registry of the
document Undertaking, bank of Ghana in accordance with the
executed Stock assignment Borrowers and Lenders Act, 2008 (Act
form, Collateral 773). This is illegal.
documents
Are all pre Loan form, facility 
disbursement agreement,
conditions met extracts from
board minutes
Is loan System review 
established in the
Strat Os system
Is the established System review 
loan appropriately
approved
Is loan disbursed Account number, 
into customer’s payment order
account or a
payment order
issued

Prepared by: Date:

Reviewed by: Date: