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Mifi 431:Micro-Finance Control System  Question Paper

Mifi 431:Micro-Finance Control System  

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2014



KENYA METHODIST UNIVERSITY

END OF 3''RD ''TRIMESTER 2014 (PT) EXAMINATION
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : ACCOUNTING, FINANCE & INVESTMENT
UNIT CODE : MIFI 431
UNIT TITLE : MICRO-FINANCE CONTROL SYSTEM


TIME: 2 HOURS

INSTRUCTIONS

Question One is Compulsory
Answer any other Two

Question One

Differentiate between Micro-finance and Micro-credit.

(4 Mks)

Define Management Information System (MIS) and how they help in internal controls of MIFI’s.

(4 Mks)

State five external risks encountered in MIFI’s risk management. (5 Mks)

Identify challenges faced by a external auditors when auditing a Micro-finance institution.

(6 Mks)

Mention services offered by MIFI’s in Kenya.

(6 Mks)

Outline five features of an effective control system of MIFI’s.

(5 Mks)

Question Two

Discuss the procedures followed in loan disbursement in a Micro-Finance institution.

(10 Mks)

Explain five financial risk encountered in the operation of MIFI’s in Kenya.

(10 Mks)

Question Three

Explain the process of risk management in a microfinance institution.

(10 Mks)

Explain challenges faced by MIFI’s in implementing management information systems (MIS).

(10 Mks)

Question Four

Explain the role of the government in operation of MIFI’s.

(10 Mks)

Explain the benefits accruing to microfinance that regularly audits its operations.

(10 Mks)




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