Credit management practices of Odotobri Rural Bank

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AUGUST, 2015
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The study explores the credit management practices of Odotobri rural bank in the Obuasi Municipality. A sample size of one credit Officer (key informant) is purposively selected for the study. A face to face interview with the help of a well-structured questionnaire is employed to collect primary data for this study. The study identify the type of loan offered by Odotobri rural bank as susu loans, salary loans, micro loans , ordinary loans and overdrafts, funeral and social loans. The study indicates that the three most pressing factors that influence access to credit are collateral surety, net profit per month and level of savings. The study recommends, among other things that the due credit delivery processes should be followed strictly to minimize the incidence of high loan default. And that appropriate training programmes should be offered to credit officers, directors and management personnel to facilitate the making of good credit decisions. The study recommends that the credit collection section should be provided with the logistics needed to carry out its main task of debt collection.
A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of Master of Business Administration (Finance Option)