Loans Written-Off Report
In our continuous effort to enhance transparency and accountability in our system, we are excited to introduce a new feature: the Loans Written-Off Report. This comprehensive report provides a detailed overview of all loans that have been written off, offering valuable insights for admins. Below are the key components of this new report:
Key Components of the Loans Written-Off Report
- Member Details – This includes essential information about the member associated with each written-off loan. This section ensures that all relevant member data is easily accessible, allowing for better tracking and understanding of loan histories.
- Loan Product – The column specifies the loan product linked to the written-off amount. This feature helps in analyzing which types of loans are more prone to defaults and may require further attention or adjustments in lending policies.
- Written-Off Amount – The column clearly states the amount that has been written off for each loan. This financial insight is crucial for assessing the overall impact on the organization’s financial health and for making informed decisions regarding future lending practices.
- Date and User of Write-Off – To maintain accountability, the report records the date when the write-off occurred and the user who performed the action. This feature ensures that there is a clear audit trail, which is essential for internal reviews and compliance purposes.
- Comments or Reasons for Write-Off – Understanding the rationale behind each write-off is vital. The report includes comments or reasons provided during the write-off process. This qualitative data can help identify patterns or common issues that may need to be addressed to minimize future defaults.
Where to find the Report?
You can find the report in your CAMS by navigating to the Reports Section under Loans as shown below
