You represent the very first graduation year of the Roosevelt Academy, and undoubtedly there awaits a bright future for you all wherein chances of success will abound. Clearly your accomplishment also signals the big achievement by the Academy and its faculty members. Today, I wish to talk to you about another success story, namely that of microcredit.
In a recent survey on real estate lending by BoU, the majority of commercial banks reported concerns about valuation standards and some indicated that they have faced challenges realizing the value for collateral because of inflated valuation reports. A key gap appears to be the lack of a uniform industry standard.