Microfinance Practices and Data Collection

These flashcards cover key concepts from the lecture notes on microfinance operations, data collection, and client engagement.

Data Collection Purpose

The main reason for collecting specific data before starting any data collection process.

Distance Importance

Influences the efficiency of travel time and security for collecting cash and monitoring.

Barangay Profile

A document containing demographic characteristics such as registered voters, population, and households.

Lending Company Regulation Act of 2007

Law governing the micro-lending business, requiring disclosure of interest and other charges.

Microfinance Operations

A systematic approach involving area surveys, interviews, and understanding client needs.

Competitors' Analysis

Conducted to analyze the competition in the area and estimate the potential client base.

Loan Officer Duties

Engage with clients, assess their needs, and ensure compliance with lending regulations.

Marketing vs. Selling

Marketing is an ongoing process of understanding and meeting customer needs, whereas selling occurs post-product development.

Community Characteristics

Includes observations of cleanliness, business structures, and the general behavior of community members.

Official Coordination Letter

A formal letter by the Loan Officer that specifies meeting details like date and purpose.

Client Orientation Purpose

To inform clients about product features and policies of the microfinance institution.

Training Program Topics

Typically includes livelihood skills, finance management, and clients' business development needs.

Survey Administration

The process of conducting surveys to gather information on clients and improve products.

Area Survey Steps

Includes conducting mapping, interviewing, and submitting reports for analysis.

Income Data Collection

Involves gathering detailed financial information from potential clients for accurate loan processing.

Ocular Survey

A physical examination of a community to understand its economic activities and general characteristics.

Barangay Development Plan

A document that outlines strategies and programs aimed at community growth.