Chama members apply for loans, they track the repayments and interest charged. Incase of defaults, penalties are charged here.
Go to the loan tab, under it there are 4 sections: the loan desk, loan approval loan configs and loan products.
Under loan desk, you can view the active loans, applied loans, re-paid loans, rejected loans and defaulted loans by the members. The defaulted loans and re-paid loans are all set under the active loans once the repayment period is over.
Under loan approval, there’s the applied loans tab that shows the loans that have been applied for by the members and the loan approval and disbursement validates and approves selected loans by the members.
This is for configuring the loan products, from selecting the loan approval officials to the requirements for the loan repayment; penalties, guarantee, interest, collateral.