a) Application for facilities must be submitted with a comprehensive feasibility study or business plan. Upon receipt of the application, the Bank prepares a brief on the project highlighting the strengths and weaknesses of the proposal in reference to the concept, commercial, economic viability and technical feasibility. If it is concluded that the strengths are more than the weaknesses, the project is recommended for appraisal, with additional information being sought to fill any gaps as appropriate.
b) Contingent upon the findings of the appraisal, a report is submitted to either the Credits Committee (CC) or the Board of Directors of the Bank for the final approval, depending on the amount of the loan applied for.
c) It is only after approval by the CC or Board, that documentation and implementation / disbursement is done.