- 20 Marks
MRB – OCT 2022 – L4 – Q7 – Policies and Procedures in Microfinance Institutions
Differentiate between policy and procedure; discuss four benefits of policies and procedure manuals for MFIs.
Question
There is a general believe that given the size of microfinance institutions in Tier 2 down to Tier 4, there are too many demands for policies and procedures from the management and board of these institutions.
a) Differentiate between policy and procedure. (4 Marks)
b) Discuss four (4) benefits MFIs may derive from polices and procedure manuals for their businesses.
(16 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Benefits, Differentiation, Microfinance Institutions, Policies, Procedures
- Level: Level 4
- Topic: Risk in Microfinance Institutions
- Series: OCT 2022
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