Loan Details and Reporting

ByJoy Kemunto Mogeni

Wakandi has introduced its Loan Details and Reporting features to provide a deeper understanding of loan information. The updated Loan Details section, visible on the member’s loan dashboard, now includes a detailed Arrears Breakdown, featuring:

  • Principal in Arrears 
  • Interest in Arrears 
  • Charges in Arrears 
  • Total Arrears 

Loan Status Tracking

In addition to the enhanced loan details, Wakandi now offers improved loan status tracking with a clear, color-coded system to easily identify the status of each loan application. This feature helps users quickly assess loan progress and outstanding issues.

  • 🔴 Red: Loans in arrears
  • 🟢 Green: Active/Approved loans
  • ⚪ Grey: Closed/Rejected loans
  • 🔵 Blue: New/Pending loans
  • 🟠 Yellow/Orange: Overpaid loans

These visual cues make it easier for SACCOs and MFIs to manage and prioritize loan applications, ensuring a smoother workflow and more efficient loan management.

Loan Debit Capacity

Also in an effort to enhance loan assessment and decision-making, we’ve introduced a new Debt Capacity column in the Loan Application form.

The loan summary also includes the input Debit Capacity attached to loan application by loan officer as shown in the screenshot below.

This addition allows loan officers to input the total debt amount of clients, offering improved insights into their financial situations.

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