Loans → Loan Products. A loan product is a scheme: who can borrow, amount range, interest method and rate, installments, fees and penalty. Every loan is made from a product.
👆 Click a number to see the field
1
New Product
What to enter: Add a new scheme.
Why: Make one product for each kind of loan you give.
Example:
Business Loan, Group Loan (JLG)2
Edit
What to enter: Change a scheme — changes apply only to new loans.
Why: Running loans keep the terms they were made with.
3
Activate / Deactivate
What to enter: Stop a scheme without deleting it.
Why: Old loans of that scheme continue normally.