Description
Board-ready master policy for a Canadian community lending fund. Covers: organizational purpose, service territory and target clients (on and off reserve, urban and rural); types of financial assistance with dollar limits and approval levels; eligibility criteria; fund objectives and how they are achieved; lending practices based on character, capacity and capability; guarantor and personal covenant standards; borrower financial disclosure requirements; client disclosure and market focus principles; operating philosophy (pre-loan counselling, business plan support, post-loan aftercare); Executive Committee approval authority; single-borrower exposure limit; board good-standing rule; and policy amendment process. References the separate Conflict of Interest Policy rather than repeating it.
