CHAMPIONS PCF FOUNDATION. CHARTER. November 2010. TRUSTEES. OBJECTIVES. To empower committed members and their spouses of the PCF Set up Businesses to create opportunities that can be directly or indirectly enjoyed by members and their spouses
Risk underwriting is the process by which the various risks faced by the foundation, which are not limited to those relating to the member’s creditworthiness, are assessed and a decision taken on whether to provide the requested loan facility.
In considering a new loan proposal the risk assessment process can be viewed as consisting of two elements – applicant assessment (credit risk) and vision assessment (exercise of faith).
Credit risk has to do simply with the ability of the customer to meet the agreed-upon repayment obligations. The assessment of the applicant will be limited to business analysis. The areas that need to be considered must include:
Business and Product
The vision assessment will seek to determine the level of commitment of the member to the vision of the ministry. This will include:
Commitment to a cell
Consistent tithe records
Foundation school attendance
Evidence of partnership with the ministry