Loans
When a loan misses a repayment or is past the maturity, the status of the loan is changed to Missed Repayment or Past Maturity. To see the number of months ...
Fri, 14 Apr, 2017 at 9:47 PM
Question: Please confirm the formula method; is it based on an annual of 360 days? In my country ( Kenya); we base it on 365/366 days, can this me modified...
Fri, 14 Apr, 2017 at 9:54 PM
In the Add Loan page under Advance Settings section, there is a field called Override Maturity Date. There you can put the maturity date. In Number of Repay...
Fri, 14 Apr, 2017 at 9:57 PM
If there is a schedule payment due and you have not entered a payment for that date, the system will mark that as a missed repayment loan. For example,...
Sat, 15 Apr, 2017 at 11:30 PM
To skip Saturdays and Sundays, please login and visit Admin >> Manage Branches >> Branches >> Edit. There, you will see Optional Fields: B...
Sat, 15 Apr, 2017 at 11:33 PM
To delete the loan, please login and visit Loans >> View All Loans >> View. There, click on the Loan Terms tab and then the Delete Loan button....
Sat, 15 Apr, 2017 at 11:37 PM
The system can generate the following reports
Borrower Statement - Located at Borrowers >> View Borrowers >> Loans >> Borrower Stat...
Sat, 15 Apr, 2017 at 11:58 PM
The reason is that you have set minimum loan balance in Branch which covers all loans. So the system is enforcing the branch limits. To change this, please ...
Thu, 20 Apr, 2017 at 12:25 PM
When you Add/Edit loan, there is an option called Loan Status. You can set this to Default. This will show the outstanding principal as a loss in the accoun...
Thu, 20 Apr, 2017 at 12:49 PM
The interest days in a year can be set by you in Account Settings. Please visit Admin (top menu) >> Account Settings. There you will see Days in a Yea...
Thu, 20 Apr, 2017 at 1:16 PM