This feature allows members to pay for their loan charges before the loan is disbursed, the charges are automatically affected. This applies to CPP that requires charges to be paid upon loan application as indicated below.
To effect this, upon approval, the admin effects the auto debit. Go to loan applications, open the loan to be approved, click on auto debit then approve the loan once the charge is paid.
Overview Benefits This enhancement can significantly improve the loan application process and borrower satisfaction! If you need help with specific implementation details or further analysis, feel free to ask!
New Implementation: Enhanced Access Control has been introduced with View and Read Permissions added to various reports. This ensures that only authorized users can generate and view the following reports: Saving Report, Saving Officer Portfolio Report, Account Transaction Report, Transaction Report, Product Balance Report, Saving Snapshot Report, and Saving Beyond Policy Limit Report. Purpose: The…
Users can now combine self-guarantor (loan owner), member guarantors, and collateral during loan creation. This expanded flexibility simplifies loan guarantee management. This can be effected in two way;
This allows admins to adjust loan repayments or reversals without affecting ledgers. Loans can be re-closed after adjustments for finalization. 2. Click on “unclose” loan tab. 3. Confirm to unclose the loan the carry out the corrections needed on the loan. Once done, close the loan.
This feature allows customisation of loan applications. Admins are now able to edit/override the interest rate, Interest calculation method and Tenure period set in the Credit Product Policy (CPP) It applies to new loan applications only. The following are steps of the new implementation.
This release introduces an enhanced API for purchasing SMS message units using the admin’s deposit balance. Key updates include automated SMS credit deductions for Bulk, Test, and External messages, while email sending remains unlimited. Super Admins can now designate messages as Paid or Free, with corresponding balance deductions for Paid messages. Free messages are displayed…