Loan management

Overview

Loan management supports the full lending lifecycle, from loan products and applications through disbursement to repayment, interest and closure, with the member and savings records kept in the same system.

Loan products & applications

• Define loan products with interest method, term and eligibility.
• Capture applications against a member, with appraisal and approval workflow.
• Record security / collateral and guarantors where required.

Disbursement & repayment

• Disburse approved loans, including via mobile money.
• Generate repayment schedules and track instalments due, paid and outstanding.
• Match repayments automatically, including mobile-money collections.

Interest, penalties & reporting

• Accrue interest and apply penalties on overdue instalments.
• Track arrears and provisioning.
• Report on the portfolio for management, the board and regulators.