The document discusses actions to take with members who become habitually absent from meetings and miss weekly payments for a microfinance institution. It notes that an attendance policy is important and the absent member would be given a warning and conversation. One unfavorable effect if payments are not collected is an increased risk of bad debts. Multiple borrowing without repayment could also lead to over-indebtedness if the institution cannot collect dues from members.
The document discusses actions to take with members who become habitually absent from meetings and miss weekly payments for a microfinance institution. It notes that an attendance policy is important and the absent member would be given a warning and conversation. One unfavorable effect if payments are not collected is an increased risk of bad debts. Multiple borrowing without repayment could also lead to over-indebtedness if the institution cannot collect dues from members.
The document discusses actions to take with members who become habitually absent from meetings and miss weekly payments for a microfinance institution. It notes that an attendance policy is important and the absent member would be given a warning and conversation. One unfavorable effect if payments are not collected is an increased risk of bad debts. Multiple borrowing without repayment could also lead to over-indebtedness if the institution cannot collect dues from members.
1. What actions will you do if a member becomes habitually absent
in center meetings and starts to miss weekly payment?
2. From your own idea, give one unfavorable effect if the
microfinance institution could not collect dues from its members?
3. Give one unfavorable effect if dues are not collected on time and in full?
ANSWER:
1. There could possibly be personal reasons for this but it is already
a habit of theirs, an attendance policy is a must even at the very beginning of the institution. However, the employee who became habitually absent would be given a warning as well as a calm confrontation to ask what happened. 2. Multiple borrowing caused by clients could result to over- indebtedness. 3. Increasing risk of bad debts.