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A. Contract and Documentation Management
1.Draft, review, and vet standard legal documents, including loan agreements, security documents (e.g., mortgages, debentures, guarantees), and standard operational contracts.
2.Ensure all loan agreements and credit policies are legally sound and protect the institution's interests .
3.Maintain and update the MFI's register of legal documents, contracts, and case files, ensuring proper indexing and security .
B. Regulatory Compliance and Advisory
1.Monitor changes in laws and regulations affecting the microfinance sector and report potential impacts
2.Provide timely and accurate legal advice to various departments (e.g., Operations, Credit, HR) on day-to-day legal issues.
C. Litigation and Debt Recovery
1.Prepare and file court documents, demand letters, and other legal instruments for the recovery of outstanding debts from defaulting clients.
2.Represent the MFI in court proceedings, tribunals, and negotiations, or coordinate with external counsel for litigation matters.
3.Provide legal guidance to the collections and recovery teams on asset seizures, foreclosure, and other enforcement actions, ensuring compliance with legal and ethical guidelines.
D. Policy and Training
1.Assist in the development and review of internal policies, procedures, and legal frameworks to ensure operational compliance.
2.Conduct internal legal research on a variety of issues.