Elizabeth Erasmin Karumia
Dar-Es Salaam
Summary
Highly experienced finance professional with a robust 16-year background in microlending, complemented by three years of specialized expertise in agriculture value chain financing. As the Manager of Agribusiness Lending at CRDB Bank, she plays a key role in servicing both retail and corporate agribusiness customers. Elizabeth In Micro-Lending and Portfolio Management, ensuring tailored financial solutions that meet the diverse needs of her clients.
Her proficiency in Agricultural Value Chain Financing contributes significantly to the success of CRDB Bank in this specialized sector. Elizabeth is known for her strategic approach, implementing effective Business Expansion Strategies that have fostered growth and success in agribusiness ventures. With a solid foundation in Commercial Banking, she brings a holistic perspective to her role, enhancing her Financial Analysis and Reporting capabilities.Sheis a skilled leader, demonstrating effective Team Leadership and Mentoring to ensure optimal performance from her team. Her expertise includes thorough Credit Assessment, maintaining the quality of the lending portfolio. She is well-versed in Risk Management and Regulatory Compliance, crucial for ensuring stability and legal adherence in financial operations. Elizabeth's adept Client Relationship Management skills strengthen connections with stakeholders, effectively representing the bank's interests.
In summary, Elizabeth Karumia is a dynamic professional contributing significantly to the success of agribusiness lending at CRDB Bank. Her diverse skill set and extensive experience in microlending and agriculture value chain financing make her a valuable asset to the organizatio
Overview
17
17
years of professional experience
Work History
Manager Agribusiness Lending
CRDB Bank Limited
05.2020 - Current
- Review and develop an annual business plan for Agribusiness Lending Unit to ensure that plans are developed and implemented in line with business goals and objectives that support the overall bank strategy
- Review and develop annual agricultural calendar to ensure that, the agricultural annual calendar is within seasonality
- Review the unit’s reports to ensure quality control and recommend appropriate interventions in line with the business strategy
- Reviews of ageing reports which will be submitted to the Guarantors for payment of fees to all customers who enjoy guarantee
- Provide appropriate recommendations and/or decision after reviewing credit applications to ensure that they are in line with the regulations, credit policies and procedures
- Allocating credit loan applications for the purpose of assessment to credit analyst
- Check the quality of credit appraisal and assessment reports to ensure adherence to credit policies and procedures
- Assist on the review of the Credit Policy and Manual to ensure that new developments in the lending, operating, business and regulatory environment are adequately considered and incorporated in the Credit Policy and Manual
- Maintain database of loans received from branches and decisions made thereon to ensure proper loan tracking is in line with the credit policies and procedures
- Review the unit’s reports to ensure quality control and recommend appropriate interventions in line with the business strategy
- Managing the workload within the unit
- Liaise with stakeholders for example guarantors to ensure that the Bank’s interests are properly represented and safeguarded
- Perform any other related duties as may be assigned from time to time by the immediate Supervisor
- Key personnel in agricultural portfolio growth
- Train, develop, and mentor junior staff to ensure their performance is aligned with business goals and objectives
- Manage the performance of subordinate staff and develop and implement training and development plans to ensure their performance is aligned with business goals and objectives.
- Monitored and analyzed business performance to identify areas of improvement and make necessary adjustments.
- Developed and implemented business strategies to achieve business goals and stay competitive.
- Streamlined and monitored quality programs to alleviate overdue compliance activities.
Credit Analyst
CRDB Bank Limited
05.2020 - 08.2023
- To ensure that projected cash flows for all credit applications are critically analyzed and subjected to sensitivity analysis to avoid requests for loan restructuring
- Review and comment on the borrower's financial information to determine ability of the borrower's business to meet period (monthly/quarterly/semi annual/annual) installments
- To make Comparison of the borrower's banking information with the reported financial information and examine reasons for discrepancy (if any)
- Establish borrower's ability to meet period installments based on account banking performance
- Establish borrower's ability to operate overdraft/guarantee facility based on account banking performance
- Demand and review borrower's loan agreements, bank statement(s), etc, from other banks/lenders and/or saving/banking schemes e.g
- E-money
- Appraising credit applications from branches and giving recommendations for approval or rejection.
- Reviewed credit reports to comprehensively view borrowers' credit history and identify potential red flags.
- Analyzed credit scores to determine borrowers' creditworthiness.
Loan Officer
CRDB Bank Limited
07.2011 - 07.2017
- Growing quality portfolio
- Appraising and Analysing loans and recommend to the higher authority
- Prepare letters to customer for all approved rejected, /suspended loans and any other letter relating to SME clients as assigned by supervisor
- Loan Disbursement
- Monitoring loan portfolio
- Monitoring Loan Repayment
- Loan recovery
- Preparing weekly report and any other report regarding SME and Mid corporate customers as per higher authority requirement.
- Developed strong relationships with customers through high levels of customer service.
- Identified opportunities to cross-sell and upsell loan products to customers.
- Created strategies to develop and expand existing customer sales, resulting in increase in annual sales.
- Researched and updated industry knowledge on changing legislation and regulations.
- Originated, reviewed, processed, closed, and administered customer loan proposals.
- Submitted loan applications to underwriter for verification and recommendations.
- Collaborated with other departments to promptly process loan applications.
- Assisted customers in understanding loan terms and conditions to make informed decisions.
Loan Officer
NMB Bank PLC
07.2009 - 08.2011
- Growing quality portfolio
- Appraising and Analysing loans and recommend to the higher authority
- Prepare legal documents for all approved loan and rejection letter for all rejected/suspended loans
- Loan Disbursement
- Monitoring loan portfolio
- Monitoring Loan Repayment
- Loan recovery.
Bank Officer
NMB Bank PLC
01.2007 - 01.2009
- Tellers Cash management
- ATM management including loading and off-loading cash as well as to make sure ATM is balanced all the time
- Receiving, securitize and posting all Bank vouchers cheques
- Front office duties including attending customer queries and enquiries
- Receiving, scrutinize and open customer’s account.
Education
FINANCE AND INVESTMENT
Institute of Finance Management
Dar Es Salaam, Tanzania01.2021
Higher Diploma in Banking -
Milpark Education
01.2018
Bachelor of Science in Home economics and Human Nutrition -
Sokoine University of Agriculture (SUA)
01.2006
Form V and VI, Division One, Advanced Certificate of Secondary Education Examination -
Machame Girls High School
01.2002
Form I to IV, Division Three, Certificate of Secondary Education Examination -
Arusha Secondary School
01.1999
National Full Primary Leaving Certificates -
Engosengiu primary School
01.1995
Skills
- Micro-Lending and Portfolio Management
- Agricultural Value Chain Financing
- Credit Assessment
- Business Expansion Strategies
- Commercial Banking
- Team Leadership and Mentoring
- Financial Analysis and Reporting
- Risk Management
- Regulatory Compliance
- Client Relationship Management
Coursework
- Business Communication
- Customer Services
- Personal development
- Negotiation skills
Research
01/2000, 03/2000, Assessment of Malnutrition in under five Children, I carried on a Research the above proposal for 3 weeks., Sokoine University
Contact Address
CRDB BANK LIMITED, Dar es Salaam, P.O.BOX 268
Workshops Seminars Attended
- 24th to 28th 2022, International Exposure visit programme on Youth and Women through rural and Agricultural finance, Durban South Africa, Certificate of Participation
- 8th to 12th November 2021, Agricultural Financing, Tanzania Institute of Bankers, Certificate of Participation
- 05/05/2021 to 05/06/2021, Corporate Credit Risks Management, ANUCANA Business Communications Pvt.Ltd, Certificate of Participation
- July 2014, Credit Relationship Management (CRM), Arusha, Certificate of Participation
Work Station
Dar-Es Salaam
Personal Information
- Place of Birth: Arusha
- Religion: Seventh Day Adventist
- Date of Birth: 10/17/81
- Nationality: Tanzanian
- Marital Status: Married
References
- Exavery Makwi, Head of Credit Suction Unit, Credit Department, Mwanza, P.O. Box 268, 0754-391794
- John Almasy, Branch Director, CRDB Bank Plc, Holland House Branch, Dar es salaam, P.O. Box 268, 0754-278830
- Godfrey Kamugisha, Manager of Business Development, CRDB Bank PLC, Songea Branch, 0769-669545
Hobbies and Interests
- Music
- Drama
- Reading books & Newspapers
- Watching TV
Timeline
Credit Analyst
CRDB Bank Limited
05.2020 - 08.2023
Manager Agribusiness Lending
CRDB Bank Limited
05.2020 - Current
Loan Officer
CRDB Bank Limited
07.2011 - 07.2017
Loan Officer
NMB Bank PLC
07.2009 - 08.2011
Bank Officer
NMB Bank PLC
01.2007 - 01.2009
FINANCE AND INVESTMENT
Institute of Finance Management
Higher Diploma in Banking -
Milpark Education
Bachelor of Science in Home economics and Human Nutrition -
Sokoine University of Agriculture (SUA)
Form V and VI, Division One, Advanced Certificate of Secondary Education Examination -
Machame Girls High School
Form I to IV, Division Three, Certificate of Secondary Education Examination -
Arusha Secondary School
National Full Primary Leaving Certificates -
Engosengiu primary School
Similar Profiles
Winifrida ChamiWinifrida Chami
Field Practical Training at CRDB Bank PLCField Practical Training at CRDB Bank PLC
Evance BuzingoEvance Buzingo
Accounting and Customer Service Intern at CRDB Bank PLC CompanyAccounting and Customer Service Intern at CRDB Bank PLC Company
AMANDUS MADYANEAMANDUS MADYANE
Snr Specialist: IT Infrastructure at CRDB Bank PLCSnr Specialist: IT Infrastructure at CRDB Bank PLC
Helena KasangaHelena Kasanga
ICU/ER Nurse at Tanzania health promotion supportICU/ER Nurse at Tanzania health promotion support
SAMIRA BAAMARSAMIRA BAAMAR
Acting Digital Manager at Tigo TanzaniaActing Digital Manager at Tigo Tanzania