How to Manage Loan Account Disbursment

Owned by Laurie Wilmot (Unlicensed)
Last updated: Mar 16, 2019 by Massabe Lydiane
2 min read

Loan account applications that have been approved can be disbursed to a negotiable payment type (e.g., Cash, Check, M-Pesa)Ā or to a saving account linked to the loan application. When a loan account is disbursed, its status changes fromĀ Approved toĀ Active.

A disbursement made in error can be undone. When a disbursement is undone, the loan account status changes fromĀ ActiveĀ toĀ Approved.

When a loan is disbursed, Mifos x will check the Product Mix rules to ensure that the loan account being disbursed is allowed to be active with other active loan account types. If a conflict is identified, the loan account cannot be disbursed as long as the conflicting loan is active.



On this page:

To disburse a loan account to a negotiable payment type

Locate the loan account by navigating to it through the client or group that holds the loan account.

  1. Select Disburse from the action bar.
  2. Select theĀ Disbursed on date from the calendar pop-up.
  3. Accept the default Transaction amount or type a different amount less than the default amount.
  4. Select Payment type from the list.
  5. ClickĀ + to add payment details.
    1. Account#
    2. Check#
    3. Routing code
    4. Receipt#
    5. Bank#
  6. Type any relevant notes.
  7. ClickĀ Submit.

The loan account will be disbursed and the loan account status updated to Active.

To disburse a loan account to a saving account

Locate the loan account by navigating to it through the client or group that holds the loan account.

  1. SelectĀ Disburse to SavingĀ from the action bar.
  2. Select theĀ Disbursed onĀ date from the calendar pop-up.
  3. Accept the defaultĀ Transaction amountĀ or type a different amount less than the default amount.
  4. Type any relevant notes.
  5. ClickĀ Submit.

The loan account will be disbursed and the loan account status updated toĀ Active.

To Undo a Loan Account Disbursement

Locate the loan account by navigating to it through the client or group that holds the loan account.

  1. Select UndoĀ DisbursalĀ from the action bar.
  2. Type any relevant notes.
  3. ClickĀ Submit.

The loan account disbursement will be reversed and the loan account status updated toĀ Approved.


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