Loans
Guarantor liability: What you need to know
When entering into an agreement for a loan or a financial commitment, you may come across the term “guarantor.” A...
Loans
Types of guarantor liability
When someone agrees to act as a guarantor, they are taking on significant responsibility to ensure that a borrower’s debt...
Loans
Understanding a guarantor agreement
A guarantor agreement is a legally binding document that involves a third party, known as the guarantor, who agrees to...
Loans
Types of guarantor agreements
A guarantor agreement is a formal contract where one party agrees to take responsibility for another’s debt or obligations if...
Loans
Components of a guarantor agreement
A guarantor agreement is a binding legal document that outlines the terms under which a guarantor agrees to be responsible...
Loans
Challenges faced by guarantors
A guarantor plays a critical role in loan agreements by assuring a lender that a borrower will meet their financial...
Loans
Requirements of guarantors
When applying for a loan, whether through a bank, SACCO, or another financial institution, many borrowers are required to provide...
Loans
Who can become a guarantor?
When seeking a loan or credit from a financial institution, one of the key requirements may be the provision of...
Loans
Responsibilities of guarantors
When someone agrees to act as a guarantor for a loan, they take on a significant legal and financial responsibility....
Loans
Strategies for improving loan portfolio management
Effective loan portfolio management is crucial for financial institutions, including SACCOs, banks, and microfinance organizations. A well-managed loan portfolio ensures...