How can I disburse a loan in cash?

Loan Officer Specialist Program 2. Creating and Managing Loan Applications How can I disburse a loan in cash?

When a loan application is approved, you can disburse it using cash.

1. Log in to the Wakandi Admin Panel.

Tanzania ADMIN LOGin
Uganda ADMIN LOGin
KEnya ADMIN LOGin

2. Go to Transactions and choose the submenu Teller.
3. Under Teller, use New Transaction and Client Ledgers.
4. Select the Account Type, Loan, and transactions type, Disburse.
5. In the Debit Account, you enter the loan number or search for the client.

All loans available for disbursement is available in the list under Debit Account.
You have only access to the Branches you are given rights to see.

6. Add any Transactions details you want for your reference.

Add the references you need. Transaction date can only be backdated by someone with the proper level of permission.

8. Select the destination of the loan, where the client wants to get it disbursed.
9. Select the Credit Account to be used, and write a comment if that is your practice.
10. Click Submit, and the loan disbursement using Cash will be registered, and the loan changes status to Disbursed.

  • If you have configured extra security on disbursements, you will need an OTP code from the client in order to do the transaction.
Enter the OTP in order to process the loan disbursement

Relevant articles

How can I disburse a loan via mobile money?
How can I approve loan applications?
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