Ensuring recovery of loans
- Improving rate of loan recovery
Description
Ensuring recovery of loans involves implementing systematic measures to secure repayment from borrowers, thereby reducing financial losses and maintaining lender solvency. Key actions include thorough credit assessments, clear loan agreements, regular monitoring of repayments, and prompt intervention in cases of default. Remedies may involve restructuring payment terms, utilizing collateral, or pursuing legal action. This strategy directly addresses the problem of non-performing loans, safeguarding financial institutions and supporting economic stability.
Broader
Narrower
SDG
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
Content quality
Yet to rate
Language
English
1A4N
W9592
DOCID
13395920
D7NID
220881
Editing link
Official link
Last update
Dec 3, 2024