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Understanding Risk Management 5

Mitigating Risk

This involves taking steps to reduce potential adverse effect that are likely to occur at unpredicted time.

Choosing a risk reduction strategy will involve considering the suitability of the event. If for example your microfinance bank does not involve insurance as one of its services, it will be good to exclude it as one of its risk mitigating strategy and rather focus on the ones within its control.

Lheon Risk Management in Microfinance Bank eLearning

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