How to repay a loan using a blocked amount

Amabanja Kyakyusibwa Ekyafulumizibwa 1

Summary

Record a loan repayment paid from money that is blocked (held back and not available to spend) on the member's own account. About 3 minutes · 11 steps. Also called: reserve funds, blocked funds, reserved balance, pay a loan from savings, use blocked amount.

Prerequisites

  • Your CAMS sign-in with teller access.
  • The member's loan account, so you can find it.
  • One of the member's accounts already holds a blocked amount. If none does, record a normal repayment instead: How to record a loan repayment.

Step-by-step

  1. Sign in to CAMS Admin. New to it? Start with How to sign in and navigate CAMS Admin.

  2. In the left menu, click Transactions, then Teller. The Teller Transaction page opens.

  3. Open the New Transaction tab. The wizard starts at Client Transaction.

  4. At Choose Type, click the Loan Repayment tile. The Enter Transaction Details step loads.

    The Choose Type step of a teller transaction with the Loan Repayment tile highlighted
    Ekifaananyi 1: The Choose Type step of a teller transaction with the Loan Repayment tile highlighted

  5. In Search Account, find and select the member's loan account. Their details load below.

  6. Scroll to Loan Information and read Current Outstanding, which is the amount due right now.

  7. Under Transaction Details, open Transaction Mode and choose Transfer. The options are Cash, Transfer, Bank and MNO.

    The Transaction Mode list open, showing Cash, Transfer, Bank and MNO
    Ekifaananyi 2: The Transaction Mode list open, showing Cash, Transfer, Bank and MNO

  8. A tick box now appears, reading Use Blocked Amount (Block Amount : 0.00). Tick it. The figure stays at zero until you choose the account in the next step.

  9. In Debit Account, find and select the member's account that holds the blocked money. The tick box now shows that account's blocked balance, and the account's own balance appears underneath.

    Transfer mode with Use Blocked Amount ticked, showing the blocked figure and the member's account as the Debit Account
    Ekifaananyi 3: Transfer mode with Use Blocked Amount ticked, showing the blocked figure and the member's account as the Debit Account

  10. Scroll down. CAMS has filled Amount with what is due, split into Principal, Interest and Charges, which you cannot edit. Add a Narration if you want a note on the record.

  11. Click Submit. A green Success message appears with a Transaction Receipt you can Print. The receipt shows Transaction Mode : Transfer.

    The Success message and the Transaction Receipt showing the transaction mode as Transfer
    Ekifaananyi 4: The Success message and the Transaction Receipt showing the transaction mode as Transfer

Common pitfalls & FAQ

  • I don't see the Use Blocked Amount tick box. It appears only after Transaction Mode is set to Transfer. In Cash mode it stays hidden.
  • The Block Amount shows 0.00. The figure follows whatever is chosen in Debit Account. Pick the member's account that holds the blocked money and it updates. If no account of theirs shows a blocked figure, this method does not apply.
  • What is a blocked amount? Money sitting on a member's account that is held back, so it cannot be withdrawn or spent as usual. How it came to be blocked is set elsewhere and is outside this article.
  • How is this different from a normal repayment? Only where the money comes from. Everything else, including checking the posting afterwards on the History tab, matches How to record a loan repayment.