This screen shows the following:
At any point, you can see the history of a loan: the original application, whether it was approved, and whether it is active, in good standing, or closed. You can use this information to track the progress of the loan and the efficiency of the loan officer or the MFI approval process itself.
At the bottom of the screen, click View Status History.
A screen like the following appears:
The box in the upper right corner summarizes the performance of the client or group for this loan. It includes the following:
If an installment payment is missed, it is displayed in the overdue information, and the Total Amount Due includes the missed installment. For example, if a client has to repay $100 (principal = $80 and Interest = $20) every month, and she defaults for the month of August, then for the month of September, the following amounts are displayed in the Next Payment details:
Any changes that have been made to loan details are contained in the change log. These might include
However, changes related to transactions (such as payment of principal, interest, fees, and penalties) are not logged.
At the bottom of the screen, click View Change Log to see these. The log might look like this:
To return to the center details page, click Back to Details Page.
You can record any notes about the loan. To see all notes already recorded, in the recent Notes box at the bottom right of the screen, click See All Notes. Any notes added in other sections, such as account information or adjustments, appear in this section as well.
To add a note, follow these instructions:
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