The Sri Lanka Institute of Credit Management (SLICM) announced that it has successfully completed its third batch and applications are now open for the forth batch of the Certificate in Micro Credit Management Programme. SLICM launched the Micro Credit Management programme to its first batch of students in December 2013 and the next batch is commencing from end of July according to the academic body.
The duration of the programme is four months and is being conducted in the Sinhala medium. The programme covers key areas in micro credit management such as evaluation and appraisal of credit applications, client servicing, delinquency management as well as social performance indicators.
Vice President of SLICM /Director of Arpico Finance, Lyle Peiris said, “Our journey has begun through the amalgamation of the best of class industry leaders. SLICM is at the forefront of credit education and we are constantly striving to understand the credit aspects in Micro Finance and training in credit management”.
Treasurer of SLICM/ Deputy Chairman of Alliance Finance, Romani De Silva said, “We are happy to see the acceptance of this significant area of the finance sector. Micro finance is a very lucrative area of business for the financial services sector. However the risks involved in this area is considerably higher as a result of limited asset backed lending. Furthermore the social risk of this business model is high as the target market segment is from less affluent economic backgrounds.”
The programme is facilitated by practitioners in the industry who have decades of experience. “The faculty along with SLICM have been able to very successfully cater to the needs of the participants and as such the feedback received from the industry so far has been very positive. The success of this cohort has encouraged SLICM to launch the fourth batch in late July 2015,” adds R. Muralidharan, Chairman of Asian International Academy, the study centre of Sri Lanka Institute of Credit Management.
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