SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Recommend the financing decision and pay out the loan 
SAQA US ID UNIT STANDARD TITLE
110027  Recommend the financing decision and pay out the loan 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 3  NQF Level 03 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is aimed at people responsible for recommending loan allocation decisions while under supervision and when using a defined loan decision-making and disbursement system. These learners also need to understand and apply the loan disbursement process.

It provides the learner with skills in recommending the financing decision and disbursing loans

The qualifying learner can match repayment ability with appropriate loan size and understand how the payment of the loan works

The qualifying learner will be able to:
  • Understand how a loan decision is made and how the pay out process is implemented
  • Recommend the loan decision
  • Complete the administration of the loan
  • Pay out the loan 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners will be competent in:
    Communication at NQF Level 2
    Mathematical Literacy at NQF Level 2. 

    UNIT STANDARD RANGE 
    All categories of micro-enterprise credit up to R50 000 will be included.

    The Unit Standard applies in both rural and urban contexts in South Africa.

    A generic loan disbursement system 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Understand the loan decision-making and disbursement process 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1 The standards used for making loan decisions are described in terms of the policies and practices of the organisation
    2 The process for making the loan decision is described in terms of the policies and practices of the organisation
    3 The process of administering the loan is described in terms of the policies and practices of the organisation
    4 The process of paying out the loan is described in terms of the policies and practices of the organisation 

    SPECIFIC OUTCOME 2 
    Recommend the loan decision 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1 Information on repayment ability and credit risk assessment is received and understood based on industry and company policies and practices
    2 The loan decision (including the size of the loan) is recommended based on information received and company policies and practices.
    3 The decision is communicated to the client and recorded in line with company practices.
    4 In the case of a positive decision, the loan disbursement process is started in line with company policies and practices.
    5 In the case of a negative decision, the reasons are explained to the client and where applicable, requirements for re-application are communicated and recorded in line with company practices and policies. 

    SPECIFIC OUTCOME 3 
    Complete administration of the loan 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1 Standard loan disbursement procedures are explained to the client in line with company policies and practices.
    2 The client`s understanding of the details of the standard loan disbursement procedures and his/ her responsibilities to repay are checked in line with company policies and practices.
    3 A checklist of the required documents to disburse the loan is compiled in line with company policies and practices.
    4 The required documents are presented to the client for acceptance in line with company policies and practices.
    5 The signed documents are filed and a copy is provided to the client. 

    SPECIFIC OUTCOME 4 
    Pay out the loan 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1 The loan information is documented in line with the company`s policies and procedures
    2 The loan is paid to the client in line with company policies and practices.
    3 The client`s acknowledgement of receipt is confirmed and recorded in line with company policies and practices.
    4 The client is encouraged to contact the organisation at any time with further queries 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the Bank ETQA, or with an ETQA that has a Memorandum of Understanding with the Bank SETA ETQA
    2. Anyone assessing a learner against this Unit Standard must be registered as an assessor with the Bank ETQA, or with an ETQA that has a Memorandum of Understanding with the Bank SETA ETQA
    3. Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the Bank ETQA, or with an ETQA that has a Memorandum of Understanding with the Bank SETA ETQA
    4. Moderation of assessment will be conducted by the Bank ETQA at its discretion, or by an ETQA that has a Memorandum of Understanding with the Bank SETA ETQA 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The loan decision-making process
    The requirements for loan disbursement.
    The relevant legal requirements.
    Client relations principles and relationship-building. 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made:
    When recommending the loan decision 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others in a team/group/community:
    When interacting with different parties in the process. 

    UNIT STANDARD CCFO ORGANISING 
    Responsible and effective self-organisation and management:
    When applying standard procedures to ensure compliance with the requirements. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and language skills both verbally and in writing:
    When explaining the loan agreement to the client. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  23453   National Certificate: Micro Finance  Level 3  NQF Level 03  Reregistered  2023-06-30  BANKSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.