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- An MFI will have some financial credit service offering or loan products that may be suitable for a range of customers.
- Potential customers (loan applicants) who are interested in praticular loan product will submit an application for a loan application (most likely through the help of a loan officer)
- This loan application will be reviewed. The loan application process can differ widely from MFI to MFI depending on their business process and the microfinance credit methodology they employ. But eventually a person or persons (credit committee) take a decision to approve the loan application.
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