Abraham R. Byamungu

The book, ＂Credit and Lending in the Banking Sector: Principles, Challenges, and Practices＂, provides clear answers on types of credit facilities, lending principles, and practical solutions. It is a must-read for anyone interested in understanding how credit can be used as a tool to build wealth.

Credit, commonly known as a loan, is a powerful tool for creating wealth; therefore, everyone should understand how it works.

The book is designed to be simple, clear, balanced, and easy to read. It offers practical insights from a seasoned Credit Manager and Certified Professional Banker. Its purpose extends beyond practicing bankers, particularly those in Credit Departments, to include students of finance and banking who aspire to join the field. Additionally, it serves as a helpful reference for entrepreneurs, policy analysts, and anyone interested in understanding the mechanics of credit and lending practices.

Drawing from a combination of real-world industry experience and best practice lending principles, the book is designed as a self-teaching guide-complete with practical insights, simplified procedures, and decision-making frameworks. It aims to support users in making well-informed credit decisions grounded in sound theory and contextualised for local realities.

As this book makes reference to a selection of Tanzania credit and lending practices; however, the procedures, tools, and standards discussed in this book reflect principles that are widely accepted and applicable across many banking systems globally.