Loans
The Loaning module facilitates the creation, management, and approval of loans for customers. This process ensures a systematic approach to loan disbursement, maintaining clear roles and responsibilities for loan originators and approvers.
Creating a Loan
Navigate to the Loaning module
Under loaning go to loans
Click the "+ New Loan" button located at the top left
Complete the loan application form with the necessary loan information.
Search for the customer by entering their name, ID, or phone number in the search bar.
Select the customer from the search results by clicking the action button next to their name.
When complete, click the ‘Save’ button to save the loan application.
Loan Information
Name
The full name of the customer applying for the loan
Id Number
The unique identification number of the customer
Loan Amount
The total amount of the loan that has been approved for the customer
Disbursement Amount
The actual amount that will be disbursed to the customer
Loan Product
The specific loan product selected for the customer
Purpose
The purpose for which the loan is being taken by the customer
Disbursement Method
The method by which the loan amount will be disbursed to the customer. Options include m-pesa mobile line, Bank Account, Cheque, Electronic Fund Transfer (EFT)
Payment Frequence
The frequency with which loan repayments will be made, based on the loan product. Options include bi-weekly, monthly, weekly, and daily.
Loan Term
The duration of the loan
Relationship Officer
The assigned officer responsible for managing the customer
Registered By
The loan originator who created the loan
Created Date
The date on which the loan application was created
Loan Start Date
The official start date of the loan
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