Loan Officer job vacancy
Job Description
Loan Officer job vacancy at Good Fund Microfinance Limited
Job advertisement
Good Fund Microfinance Limited (GFML) is a private limited liability company incorporated in Tanzania in February 2024. The company was licensed by the Bank of Tanzania on 20th December 2024 and commenced operations in 2025. GFML currently operates in Dar es Salaam and the Pwani Region.
GFML aims to build a sustainable socio-economic ecosystem that addresses economic challenges and supports community development. The company focuses on empowering low-income individuals, particularly women, by expanding access to affordable financial services.
GFML is seeking a proactive and target-driven Loan Officer to grow and manage a quality loan portfolio. The successful candidate will identify and recruit clients, conduct field assessments, form and manage borrower groups, assess loan applications, and monitor repayments. The role requires regular fieldwork, strong customer service, effective loan recovery, and close collaboration with the Senior Loan Officer and other team members.
Position details
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PositionLoan Officer, 1 Position
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Reports toChief Executive Officer
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LocationDar es Salaam and Pwani Region
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Contract duration: One year
Key job responsibilities
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Build, maintain, and grow a healthy loan portfolio in line with GFML’s lending policies and targets.
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Identify, recruit, screen, and assess prospective clients against the eligibility criteria for GFML products.
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Explain GFML’s loan products, eligibility criteria, terms, conditions, fees, and repayment schedules to clients.
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Mobilize clients and form borrower groups in line with approved procedures and agreed recruitment targets.
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Conduct proactive field marketing, community outreach, and client acquisition activities.
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Maintain regular contact with borrower groups and individual clients through field visits and follow-up.
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Assess clients’ businesses and income-generating activities and collect information required for loan appraisal.
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Monitor repayment schedules, collect instalments in accordance with approved procedures, and follow up promptly on missed payments.
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Support loan disbursement processes and monitor repayment performance throughout the loan cycle.
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Verify clients’ identity, business locations, guarantors, residential details, and other required supporting documents.
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Prepare accurate weekly and monthly reports on client recruitment, loan performance, arrears, and recovery.
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Submit complete loan applications to the Credit Committee for review, recommendation, and approval in line with GFML procedures.
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Provide professional, respectful, and timely customer service to clients.
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Deliver financial education to clients on responsible borrowing, business management, savings, and repayment obligations.
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Attend and monitor at least two group meetings per day, where applicable, and reconcile client passbooks and records.
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Complete daily documentation and update client and loan records accurately.
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Prepare weekly cash requisitions for approved loan disbursements and other authorized operational expenses.
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