| Loan Application State | Action | Resultant Application Status |
|---|
| Begining | Submit Loan Application | State: ['Submitted and Pending Approval'] - Date application submitted on captured, Application user that sumbitted loan application captured
- 'proposed repayment schedule' based on the 'expected disbursement date' and 'loan terms' entered
- optional: Loan officer (indicate loan/field officer dealing with application)
- optional: Loan charges (disbursement fees, service fees)
- optional: Loan collateral (add collateral items related to loan application)
- optional: Loan purpose (Use field to flag purpose of loan)
- optional: Loan notes (add notes about loan application)
|
| State: ['Submitted and Pending Approval'] | Modify Loan Application | State: ['Submitted and Pending Approval'] - Update details about the loan application (if you made mistake or new information available)
loan terms (impacts proposed loan schedule) - add/remove loan/field officer dealing with applicant/application
add/update/delete loan charges (impacts loan schedule) add/update/remove loan officer, fund, loan purpose add/update/delete collateral
|
| | Add/Update/Delete Guarantors | State: ['Submitted and Pending Approval'] |
| | Add/Update/Delete Case notes | State: ['Submitted and Pending Approval'] |
| | Add/Remove Loan Officer | State: ['Submitted and Pending Approval'] - Update the loan officer dealing with the loan application
|
| | Delete Loan Application | State: [] Completely removes the loan application from the information system |
| | Reject Loan Application - application rejected by MFI approval process
| State: ['Closed - Rejected'] |
| | Applicant withdraws from Loan Application - Applicant decides not to process
| State: ['Closed - Withdrawn'] |
| | Approve Loan Application | State: ['Approved'] |
State: ['Approved'] - No longer allowed to use 'modify loan application' api
- Charges (fees, penalities) can still be added/updated/removed
| Undo Approval | State: ['Submitted and Pending Approval'] - Useful if a mistake is made during data entry or a loan is wrongly approved by accident on the system
- effectively this just removes any 'state' information stored when moving from 'pending' to 'approved'
|