Developing Credit policies at Ebdaa Microfinance

Developing Credit policies at Ebdaa Microfinance

Dr. Khaled Al Ghazzawi, CEO of “Ebdaa Microfinance – Bahrain”, stated that the company has recently developed its credit policies to help more clients restore the operating performance, competitiveness, and profitability of their microenterprises, in line with the economic and commercial recovery phase recently witnessed in the Kingdom of Bahrain. Dr. Al Ghazzawi, during an inspection visit to the company’s branches, said that the development of the credit policy came based on a survey of many customers and employees and extensive studies, adding that these developments would allow more flexibility in granting and increasing the number of loans, in addition to helping customers to pay on time, and reduce the costs of granting the loan for the company and the client at the same time. “The collection policy is subject to a process of permanent monitoring and evaluation to increase its efficiency and ensure cash flows; so that the company can rotate loans quickly enough to benefit more Bahraini borrowers who own microenterprises. to pay on time, which indicates the restoration of economic recovery in large sectors.” said. Dr. Al Ghazzawi stressed the company’s management’s keenness to achieve a balance between return and risk in managing accounts, especially since what