To develop the student’s ability to critically assess and verify the utilisation of loan disbursed to various borrowers by applying financial analysis and auditing principles.
To enhance skills in data collection, validation, and reconciliation by working with loan disbursement records, borrower feedback, and financial statements.
To cultivate analytical thinking and problem-solving skills by identifying discrepancies, irregularities, or misuse of loan funds and recommending corrective actions in real-world scenarios.
To improve communication and professional reporting skills by documenting findings, preparing utilisation status reports, and presenting recommendations to lending officers and stakeholders.
To build competency in understanding regulatory compliance and internal audit standards relevant to loan utilisation and risk management.
To apply academic knowledge of finance, accounting, and data analysis tools in a practical, technology-enabled workspace.
To foster teamwork and professional judgment by collaborating with credit officers, auditors, and clients during the utilisation verification process.
Collect and compile loan utilisation data from multiple sources such as borrower loan agreements, transaction records, financial statements, and site visit reports.
Design and implement a checklist or framework for verifying the conformity of actual utilisation with the loan purpose stipulated in agreement documents.
Perform detailed analysis to identify anomalies such as underutilisation, diversion, or non-compliance with loan terms by reconciling data against disbursed amounts.
Conduct mock interviews or surveys with borrowers (scripted role-play or simulated data sets) to validate utilisation claims and gather qualitative insights.
Prepare a comprehensive utilisation check report highlighting issues, risks, and areas of non-compliance with clear supporting evidence.
Propose actionable recommendations to the lending institution for improving monitoring mechanisms, borrower awareness, and risk mitigation.
Present the findings and recommendations in a formal presentation simulating a meeting with loan officers and audit teams.
Reflect on the legal, ethical, and regulatory considerations involved in loan utilisation checks and incorporate these aspects into the project documentation.
