MORE SKILLS IMPARTED TO SIDO CREDIT OFFICERS THROUGH SPONSORSHIP OF ITC AND SIDO
In building the capacity of SIDO credit officers to attend SMEs in financial services issues, a training on Business Planning, Financial Diagnostic and Credit Assessment was conducted from 11th to 15th August 2015 in Dodoma region. The training was sponsored by International Trade Centre (ITC) and SIDO Headquarters.
The objective of the training was to improve SIDO Credit Officers in assessing SMEs business plans, financial health business using automated tools/software and making good and accurate credit decision.
The training involved all SIDO Credit Officers from all the regions in Tanzania Mainland. It was officially inaugurated by the Deputy Chairman of SIDO Dodoma Regional Small and Medium Advisory Committee, Mr. Jacob Wasena, who advised participants to use the knowledge acquired in performing their duties.
During the training, participants were able to learn on the use and importance of business plan, understanding the process to develop a bankable business plan, learned on financial diagnostic of an SME on how to assess the health and profitability of a client. Moreover participants learned about installation and running of the IT Financial Diagnostic tools using SETHOSCOPE Software and Loan Application Assessment Tools using LOANCOM software.
During the training SIDO Credit Officers used the opportunity to discuss on loan portfolio performance, loan processing, preparing loan portfolio reports and recall for SIDO SME Credit Guarantee Scheme being implemented in seven regions namely Morogoro, Dodoma, Singida, Manyara, Arusha ,Kilimanjaro and Mbeya.