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In new Group Loan there will be a new approach of Group Loan account. There will be individual member accounts and Group loan account only for information purposes. During the Group loan creation, also individual accounts will be created for every member of group loan. Group loan account will be will be a sum of member's accounts. It would be possible to access every individual member loan account, so that there will be a possibility to repay every individual account or close it, and information about that will be immediately visible on Group loan account. While applying payment to the entire Group loan, amount will be divided automatically into Group Loan account members but there will be also possible to modify exact payment amount of every member. This new approach will be more flexible and will meet more client requirements.

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• Old Loan Product should accept new Group Loans for Groups
• Possibility to create Group Loan account with individual member loan accounts
• Ability to apply payment to Group Loan and also to individual member loan accounts
• Possibility to apply payment to entire Group loan with automatic amount deduction and option to manually edit payment amount for every individual member
• Possibility to apply payment only to individual member loan account
• Possibility to repay new Group Loan by trasfer from Savings
• Possibility to access individual member loan account from Client details page
• Possibility to adjust transactions on Group loan account with option to manually correct amount for every individual member
• Possibility to adjust transactions made on individual account
• Possibility to apply fees/penalties to group account with automatic amount deduction (according to contribution of every member) and option to manually edit charge amount for every individual member
• Possibility to apply fees/penalties to individual member loan account
• Possibility to apply full repay to individual member loan account and also to group loan account
• Amounts on group account are sum of amounts on member accounts
• No possibility to modify loan account parameters from member accounts
• Possibility to redo Loan with new Group Loan approach
• Possibility to reverse new Group Loan
• Possibility to repay new Group Loan by using Audi Bank Plugin
• Possibility to approve new Group Loan by using 'Approve multiple loans' functionality
• Possibility to attach Question Groups to new Group Loan
• Possibility to close individual member Loan account and also the whole new Group Loan
• Information about transactions on Group and individual accounts should be recorded in the database.

Non-Goals

The following items will not be addressed in this release:

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1. User opens Group Loan account details page
2. User clicks on 'Apply payment' button
3. User enters total payment amount
4. Amount is automatically deducted according to contribution of every member in Group Loan account
5. In On the next same step, user has possibility to has to edit payment amount for every member
6. User clicks 'Submit' button

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1. User opens Group Loan account details page
2. User clicks on 'Apply payment' button
3. Amount is automatically deducted according to contribution of every member in Group Loan account
4. In the next same step, user has possibility to has to edit payment amount for every member
5. User clicks 'Submit' button

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1. User opens Group Loan account details page
2. User clicks on 'Apply payment' button 
3. Amount is automatically deducted according to contribution of every member in Group Loan account 
4. In the next same step, user has possibility to has to edit payment amount for every member
5. User clicks 'Submit' button

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1. User opens Group Loan account details page
2. User clicks on 'Apply charges' button
3. User can select either fee or penalty
4. Charge amount is automatically deducted according to contribution of every member in Group Loan account
5. In the next step, user has possibility to has to edit charge amount for every member
6. User clicks 'Submit' button

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• Group Loan account was previously created

Basic Flow

1. User opens individual member group loan account details page
2. User clicks on 'Apply charges' button
3. User can select either fee or penalty
4. User charge amount for selected individual member (other members should get amount 0)
5. User clicks 'Submit' button

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• Charge is applied to individual member accounts and information about applied charges is automatically updated on Group Loan account.Charge applied from individual member account level can be only modified from individual member level and cannot be modified from Group Loan account level
• It is possible to add all kindes of fees/penalties (periodic fees, automatic penalties, one time fees etc.)

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1. User opens Group Loan account details page
2. User clicks on 'Apply payment' button
3. Amount is automatically deducted according to contribution of every member in Group Loan account
4. In the next same step, user has possibility to has to edit payment amount for every member
5. User clicks 'Submit' button

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8. Use Cases - Apply transactions to new Group Loan by using Collection Sheet Data Entry

8.1 User can apply payment by using

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Collection Sheet Data Entry

Actors

• User with permission: "Can Enter Collection Sheet Data"

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Standard Considerations

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