Debt Management

Genesis Credit Management specializes in collecting bad debt for the multi-family industry. CMG UK helped us to establish a clear procedure for the management of credit within the company, in a structured process over a period of support from CMG UK has helped us to move on and grow as a company, and I’d recommend their services to anyone who needs support and advice with Credit Management issues.Credit Management

Customer Service – Often overlooked by a person researching a debt management plan that is appropriate for them, customer service means that all of your credit card accounts should be accessible by the credit counseling agency you are working with and any questions you have regarding those accounts should be answered in a timely fashion.

Similar to other sub Sahara Africa Countries the socio economic situation of Ethiopia is characterized by low growth of income some of the problems are social services, high population growth, economic inefficiency on high unemployment e.t.c. Microfinance is relatively new industry which arose in the early 1980’s after the faller of the government delivery of subsidized credit to poor farmer.

The fourth and the last theme that evolved, was the need to have a firm commitment from the banking sector, relating to the management of risks in all its forms, and the need to have a strong orientation of the credit management policy embedded within the culture of banking.Credit Management

In the matter to be better aligned, there is a necessity of accurate measure of the credit risk involved in any transaction that the bank makes, and such a measure is bound to alter the risk-taking behavior, both, at the individual and at the institutional levels within the bank.Credit Management