Credit Analysis And Lending Management

by | May 19, 2023 | Supply Chain

Critically evaluate the loan request outlined below and recommend whether you would lend the requested amount. Your answer must indicate the relevant facts of the case; the appropriate concerns with this loan proposal and provide the relevant recommendations.

The Bank of Monash has just received a loan proposal from an established client seeking to buy a local mixed grocery store / convenience food store. John and Joan Jones have been customers with the Bank of Monash for the past seven years. Until two years ago they were the hard-working owners of the local dry cleaners and laundromat. Their business was well run and profitable, mainly servicing the needs of the local university staff and student population. As a result of the skills learned while cleaning graduation gowns, their business had also built up a profitable side line in cleaning wedding gowns and similar formal clothes. After working long hours for the previous five years John and Joan had sold their dry cleaners and took a long-overdue extended holiday. After their long holiday John and Joan have worked as managers in several other cleaning businesses specialising in formal wear. Now feeling refreshed and ready to meet the challenges of running a small business again, John and Joan seeking to borrow from the Bank of Monash to buy another small business serving the needs of the Monash community. They are seeking to borrow $220,000 as a five-year term loan as well as an overdraft (line of credit) of $25,000 The business the John and Joan are seeking to buy is Mario’s Monash Munchies (MMM). MMM has been part of the Monash community since 1958. The business has changed hands a number of times since it was established, the well-recognised name has stayed with the business. MMM is a small grocery and convenience store that provides a range of products to Monash community as well as a limited range of fast food items such as hot pies, coffee and soups. While the prices charged by MMM are a bit higher that the supermarket prices, MMM offers the advantage of being on campus and open for longer hours during semester (MMM has a long-term lease arrangement with the university student union). This has made MMM something of a Monash University institution, particularly with students dropping in after evening class to have a cup of soup to eat when catching the bus or train home. The most recent financial statements and balance sheet from MMM for the last three years together with a forecast for 2024 are provided below.

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Dante Alighieri played a critical role in the literature world through his poem Divine Comedy that was written in the 14th century. The poem contains Inferno, Purgatorio, and Paradiso. The Inferno is a description of the nine circles of torment that are found on the earth. It depicts the realms of the people that have gone against the spiritual values and who, instead, have chosen bestial appetite, violence, or fraud and malice. The nine circles of hell are limbo, lust, gluttony, greed and wrath. Others are heresy, violence, fraud, and treachery. The purpose of this paper is to examine the Dante’s Inferno in the perspective of its portrayal of God’s image and the justification of hell. 

In this epic poem, God is portrayed as a super being guilty of multiple weaknesses including being egotistic, unjust, and hypocritical. Dante, in this poem, depicts God as being more human than divine by challenging God’s omnipotence. Additionally, the manner in which Dante describes Hell is in full contradiction to the morals of God as written in the Bible. When god arranges Hell to flatter Himself, He commits egotism, a sin that is common among human beings (Cheney, 2016). The weakness is depicted in Limbo and on the Gate of Hell where, for instance, God sends those who do not worship Him to Hell. This implies that failure to worship Him is a sin.


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God is also depicted as lacking justice in His actions thus removing the godly image. The injustice is portrayed by the manner in which the sodomites and opportunists are treated. The opportunists are subjected to banner chasing in their lives after death followed by being stung by insects and maggots. They are known to having done neither good nor bad during their lifetimes and, therefore, justice could have demanded that they be granted a neutral punishment having lived a neutral life. The sodomites are also punished unfairly by God when Brunetto Lattini is condemned to hell despite being a good leader (Babor, T. F., McGovern, T., & Robaina, K. (2017). While he commited sodomy, God chooses to ignore all the other good deeds that Brunetto did.

Finally, God is also portrayed as being hypocritical in His actions, a sin that further diminishes His godliness and makes Him more human. A case in point is when God condemns the sin of egotism and goes ahead to commit it repeatedly. Proverbs 29:23 states that “arrogance will bring your downfall, but if you are humble, you will be respected.” When Slattery condemns Dante’s human state as being weak, doubtful, and limited, he is proving God’s hypocrisy because He is also human (Verdicchio, 2015). The actions of God in Hell as portrayed by Dante are inconsistent with the Biblical literature. Both Dante and God are prone to making mistakes, something common among human beings thus making God more human.

To wrap it up, Dante portrays God is more human since He commits the same sins that humans commit: egotism, hypocrisy, and injustice. Hell is justified as being a destination for victims of the mistakes committed by God. The Hell is presented as being a totally different place as compared to what is written about it in the Bible. As a result, reading through the text gives an image of God who is prone to the very mistakes common to humans thus ripping Him off His lofty status of divine and, instead, making Him a mere human. Whether or not Dante did it intentionally is subject to debate but one thing is clear in the poem: the misconstrued notion of God is revealed to future generations.

 

References

Babor, T. F., McGovern, T., & Robaina, K. (2017). Dante’s inferno: Seven deadly sins in scientific publishing and how to avoid them. Addiction Science: A Guide for the Perplexed, 267.

Cheney, L. D. G. (2016). Illustrations for Dante’s Inferno: A Comparative Study of Sandro Botticelli, Giovanni Stradano, and Federico Zuccaro. Cultural and Religious Studies, 4(8), 487.

Verdicchio, M. (2015). Irony and Desire in Dante’s” Inferno” 27. Italica, 285-297.

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