To create a loan account for a client
To create a loan account for a group
Create new group loan
Group Loan application : If the group wants take a loan (as group one loan) and do not want track how the loan is spitted between (among)the group members and as group repayment is collected. In this case only one loan account is created against the particular group. ( This is feature is useful for Bank linkage programs, where Nationalized Banks provide loan to a group rather than to member and as group need to repay the loan ex: SHGs)
Field Name (attribute)
Description
Example
Validations (if applicable)
Create new JLG loan
New JLG loan application: In JLG loan application, a loan is created for each member of that group (one can exclude members if member is not applied for new loan) and tracked at member level only.And only these JLG loans appear in the collection sheet. This is feature is useful for organization following Grameen or similar methodology (center, group and joint liability loans)
It is similar to the individual loan but individual loan does not appear in the collection sheet.
Field Name (attribute)
Description
Example
Validations (if applicable)
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