Page Comparison

account application

To create a loan account application for a group, select the group (needs link to how to find a group). Click the General tab.

1. Click +Group Loan Application on the bright blue action bar.
2. Select the loan product to base the loan account on from the product list.
3. Complete the loan account fields, making any modifications from the default that are permitted and applicable to the loan application.

4. Click Submit.

The loan account application will be created with a status of Pending Approval. Your financial institution will define the workflow and permissions for approving loans.

To create joint liability group (JLG) loan

acccount applications

To create JLG loansloan account applications, select the group (needs link to how to find a group). Click the Members tab.

1. Click +JLG Loan Application next to the member the loan account is for.
2. Select the loan product to base the loan account on from the product list.
3. Complete the loan account fields, making any modifications from the default that are permitted and applicable to the loan application.

4. Click Submit.

5. Repeat steps 1-4 for each group member applying for a loan.

The loan account application will be created with a status of Pending Approval. Your financial institution will define the workflow and permissions for approving loans.

See: http://mifos.cloud.answerhub.com/questions/116/what-is-the-difference-between-group-loan-applicat.html

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.

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