Managing Credit Risk in the New Normal
Savings and Credit Cooperatives (SACCOs) play a significant role in the society by facilitating the provision of financial services to the people through savings and providing credit and investment opportunities to individuals, institutions and group members. The Central Bank of Kenya had issued a directive to suspend for a period of six months, the listing of negative credit information for borrowers whose loans were performing previously but have become non-performing from April 1, 2020 to 30 September 2020. The end of the CRB listing freeze comes at a time when the finance sector is struggling with mounting unpaid loans whose share has risen to the highest level since August 2007.
It is due to these reasons that we intend to hold a conference, which is themed: Managing Credit in the New Normal. We have three objectives for this conference as follows:
1. Creating an awareness of the importance of effective credit risk management.
2. Analyzing the credit policy measures for effective credit risk management in the new norm.
3. Creating a knowledge resource to support effective credit management.
The conference will take place on Thursday, 12 November 2020 from 8:30am to 2:00pm.
Caroline Gathii – Host
Caroline has twenty (20) years multi-sectoral and regional professional experience in governance, risk and financial management. She has a master’s degree in Financial Management and a Bachelor of Science degree in Accounting.
Caroline is an internationally Certified Risk Professional of the Institute of Risk Management in the United Kingdom. She is a Certified Public Accountant (CPA-K) and holds a higher diploma in Human Resource Management. She is a member of Institute of Certified Public Accountants of Kenya (ICPAK), Institute of Risk Management - UK, Association of Women Accountants of Kenya (AWAK), the Kenya Institute of Supplies Management, the president Organization of Women in International Trade (OWIT) and the Institute of Human Resource Management.
Caroline is the director at FirstIdea Consulting Limited. The firm offers services in risk advisory and training. Her skills include risk mapping, risk implementation support, risk evaluation, risk monitoring, business continuity plans, public financial management, governance, assessments, training, among others. She has hands-on experience in various sectors and verticals including, manufacturing, education, health, hospitality, county governments, development partners, Not-for-Profit, among others.
Caroline’s professional experience spans Kenya, Uganda, Ethiopia, Rwanda, Malawi, Burundi, Somalia, South Sudan, Ghana and Tanzania.
Lemuel Mangla – Speaker
Lemuel is a professional in the finance and credit sector with over ten years of hands-on experience. He is adept at leveraging data, technology, financial and interpersonal skills to provide demand-led solutions. Equally, He has a good understanding of credit markets having worked for a regulated financial institution. He was instrumental in the development and implementation of digital credit products at Unaitas. He has also been a valuable team player in initiatives such as the transition of the Kenyan market to daily credit reporting under the Kenya Credit Information Sharing Strengthening project.
In addition, He conceptualized and implemented the CIS Learning Centre, an online learning portal that seeks to build the capacity of credit providers on credit information sharing and related areas such as data and technology.
P.K.Kairu – Speaker
Mr. Kairu is a long-standing Credit expert having graduated in UK in the field of Credit Management. He worked in various financial institutions at managerial levels before starting the first school of its kind in Kenya-Kenya School of Credit Management- an institution in Kenya that trains people in the latest tools to handle credit business.
Mr. Kairu introduced the career of credit management in Kenya and wrote the first curriculum that was used by KASNEB to examine students since the year 2001 up to the recent changes. He has written the first local book in credit management ‘CREDIT MANAGEMENT’ that is a recommended study guide for KASNEB students and all stakeholders in credit business.
Mr. Kairu is the chairman of the Institute of Credit Management- Kenya, Director of Studies at the Kenya School of Credit Management, an associate member of Gretsa University senate and a lecturer of the core subject – Credit Management.
Bernard Chege – Speaker
Bernard Chege is the director of Kenya School of Credit Management. He has over 18 years’ experience in credit management. He holds a Bachelor of Arts (Economics) degree and a higher diploma in Theology. Bernard is a Business Management consultant and a trainer with wide experience in upscaling management skills in business organizations. Bernard is competent in Credit Risk Management, Credit Appraisal, Strategic and Business planning, Relationship Management and Entrepreneurship. Bernard is a certified ILO Entrepreneurship Trainer and he is an associate trainer and consultant in various organizations.
Jacqueline Kinuthia – Speaker
Jacqueline Kinuthia, CFA is a versatile finance professional with over 15 years of experience in financial services industry. She has deep knowledge and expertise in investment & financial analysis and reporting, corporate finance, risk management, financial modelling, portfolio management and real estate development and funding having worked in various organizations including the State Department of Housing, Normandy Capital, Jubilee Insurance, Property Development and Management Company.
Jacqueline is a CFA Charter holder and is a member of the CFA Institute (USA) and CFA Society of East Africa. She also holds a Bachelor of Education degree from Kenyatta University.
James K. Mutura, PHD – Speaker
Dr Mutura is the Executive Director at Peaktrain Limited. He holds a Bachelor of Education from the University of Nairobi, MBA (Finance) from Kenyatta University and PhD-Agricultural Economics from the same University. He is a member of the Institute of Certified Public Accountants of Kenya (ICPAK) in good standing, a Certified Knowledge Manager (CKM) from the International Knowledge Management Institute, USA and an accredited Clarity4D trainer from Clarity4D, UK. Additionally, he has undergone extensive management training locally and abroad.
Dr Mutura has over 25 years’ experience in driving Sacco business, Business process reengineering and quality management reviews of private and public organizations in Kenya. He has worked at Mwalimu National and Stima Saccos as Finance Manager among other organizations.
With his vast experience in the Co-operative movement and training clients on Knowledge Management, Dr Mutura has the expertise that will help the Sacco sector leverage on the Knowledge Economy in growing and sustaining market niche in Kenya.
Ronke Adepoju – Speaker
Ronke is a strategy management professional with over 12 years of experience in the Financial Services and Management Consulting.
She is the Director of Africa Operations at BAYI Foundation, a non-profit focused on providing training, tools, resources and financing to SMEs. Ronke has led teams in developing strategies and initiatives that have significant impact on the growth of an organization. She is an expert in leveraging technology and innovation to solve problems and providing advisory services to scale businesses. She has worked on various projects including strategy development and execution, process optimization, digital transformation, due diligence, business automation and customer experience.
Ronke is passionate about financial inclusion, women empowerment, education, economic development initiatives and programs that create job opportunities and promote SME businesses particularly those that leverage technology and digital.
Her experience includes business research, innovation and strategy, fintech, SME, financial development, entrepreneurship, operational efficiency, digital finance, financial analysis and business plan development.
Ronke has worked with Citigroup Investment Banking, Access Bank and Deloitte & Touche Consulting. She has an MBA from Hult International Business School San Francisco and a BBA from City University of New York – Baruch College. She has a Project Management Professional (PMP) certificate, Financial Modeling & Valuation certificate, Entrepreneurship for Emerging Markets certificate from Harvard University and a Financial Development and Financial Inclusion certificate from International Monetary Fund (IMF).