SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Grant credit to customers 
SAQA US ID UNIT STANDARD TITLE
243678  Grant credit to customers 
ORIGINATOR
SGB Retail and Wholesale 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Wholesale and Retail 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 3  NQF Level 03 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard is aimed at people who need do decide whether to grant credit to a customer in a small business. It provides the learner with the knowledge to determine the repayment ability of customers and the ability to evaluate their credit-worthiness. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that learners are competent in:
  • Communication at NQF Level 2.
  • Mathematical Literacy at NQF Level 2. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify appropriate criteria for calculating credit worthiness. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Elements of the loan period and repayments are explained to the customer. 

    ASSESSMENT CRITERION 2 
    Repayments are calculated for a loan amount using appropriate mathematical formulae. 

    ASSESSMENT CRITERION 3 
    The qualifying criteria and various types of credit facilities are explained to the customer. 

    ASSESSMENT CRITERION 4 
    Criteria for assessing credit risk/worthiness are explained. 

    SPECIFIC OUTCOME 2 
    Verify applicant's information. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The information provided by the customer is checked for completeness. 

    ASSESSMENT CRITERION 2 
    The information provided by the customer is verified to be correct. 

    SPECIFIC OUTCOME 3 
    Decide whether to grant credit. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The data on the applicant's application form is assessed against criteria for granting credit. 

    ASSESSMENT CRITERION 2 
    The repayment ability and credit worthiness of the applicant is calculated using organisational guidelines. 

    ASSESSMENT CRITERION 3 
    A decision regarding the provision of credit is made based on the customer information. 

    ASSESSMENT CRITERION 4 
    The customer is informed of the decision. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Programmes leading to the award of credits from this unit standard will be accredited by the relevant ETQA. Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.

    Internal Moderations will be performed by the Accredited Providers whilst the relevant ETQA will perform external moderations of assessments across the Accredited Providers according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Loan period and repayment options.
  • Procedures to calculate repayment options.
  • Qualifying criteria for the different credit options.
  • Criteria for assessing credit risk/worthiness.
  • Information required on a credit application form.
  • How to analyse the repayment ability and credit worthiness of applicants. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Solving problems.

    Refer to all specific outcomes. 

    UNIT STANDARD CCFO ORGANISING 
    Organise oneself and ones activities.

    Refer to the following outcome:
  • Decide whether to grant credit. 

  • UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information.

    Refer to the following outcome:
  • Verify applicant's information.
  • Decide whether to grant credit. 

  • UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively.

    Refer to the following outcome:
  • Decide whether to grant credit. 

  • UNIT STANDARD CCFO DEMONSTRATING 
    Understand the world as a set of related system.

    Refer to all specific outcomes. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  58206   National Certificate: Wholesale and Retail Operations  Level 2  NQF Level 02  Reregistered  2023-06-30  W&RSETA 
    Elective  58308   National Certificate: Informal Small Business Practice  Level 3  NQF Level 03  Reregistered  2023-06-30  W&RSETA 
    Elective  63409   National Certificate: Wholesale and Retail Operations  Level 3  NQF Level 03  Reregistered  2023-06-30  W&RSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Lewis Stores (pty) Ltd 
    2. Nela Kahle 80 cc 
    3. Southern Ambition 171 
    4. The Ed Agency Pty Ltd 
    5. Visual Excellence Trading 508 (Pty) Ltd 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.