Loan Lifecycle

The whole road of a loan, from registering the borrower to the last repayment, write-off or top-up.

Workflow

  1. 1

    Register the borrower

    Add the borrower under Contacts (Register member in a SACCOS) with full KYC, next of kin and identity documents. See Borrowers and KYC.

  2. 2

    Create the loan

    Under Loans choose New Loan, pick the borrower and product, check the Schedule preview and choose Create loan. The loan starts as Draft.

  3. 3

    Assess if the product requires it

    Products with Field assessment required need a visit first: Send for assessment moves the loan to Under assessment, and a completed assessment moves it to Assessed.

  4. 4

    Submit and approve

    Choose Submit for approval; the loan shows Pending until a checker chooses Approve, Reject or Request changes. A loan sent back returns to Draft or Assessed for the maker to fix.

  5. 5

    Disburse

    An Approved loan is paid out with Disburse and Record payout. It then shows Active.

  6. 6

    Service and close

    Record repayment for each payment, Pay off to settle early, Top up to lend more, Close loan when it is done, or Write off and later Record recovery when it will not be repaid.

See it in Adili

Follow the screen, step by step

The examples use safe training data. Names and amounts in your account will be different.

Register the borrower

1 Register the borrower

What to do

  1. 1. Add the borrower under Contacts (Register member in a SACCOS) with full KYC, next of kin and identity documents. See Borrowers and KYC.

You should see

The borrower's KYC and required documents are on file.

Create the loan

2 Create the loan

What to do

  1. 1. Under Loans choose New Loan, pick the borrower and product, check the Schedule preview and choose Create loan. The loan starts as Draft.

You should see

The schedule and cost of credit were shown to the borrower.

Service and close

3 Service and close

What to do

  1. 1. Record repayment for each payment, Pay off to settle early, Top up to lend more, Close loan when it is done, or Write off and later Record recovery when it will not be repaid.

You should see

Every step has an audit record in the loan's Activity tab.