The User manual for the Jisort system

3. LOANS

3.7. Disburse Loans

This is the last stage of the application. It involves disbursing the loan to the account of the loanee. The table below gives an explanation for the fields.

Field

Explanation

Select group

Select the group, if necessary, that the loan is to be disbursed to. Note this is to add a group a member belongs to, In many financial organizations they give a loan to a member belonging to a certain group. Though again this is fully dependent on a financial organization policy.

Member 

Select the member to whom the loan is to be disbursed to.

Loan

Select the loan to be disbursed.

Disbursement date

Select the disbursement date. Adds automatically after loan and member has been selected.

Disbursement amount

Add the disbursement amount. Adds automatically after loan and member has been selected

Currency

Select currency in which the loan will be disbursed. Adds automatically after loan and member has been selected

Cheque no

Add cheque number if the loan will be disbursed in form of a cheque

Payment mode

Add the payment mode in which the loan will be disbursed.

Transaction code

Add the transaction code for the disbursement

Bank

This is the bank where the money to be disbursed is withdrawn from. 

Comment

Add relevant comment.

Offset another loan

Mostly applicable when you have applied a top-up. You can select from the drop down list whether to offset another with the loan top up or not. 

Member to top up

Select from the drop down list which member is topping up.

Loan to top up

Select the loan to be topped up.

Below is a screenshot for the disbursed loan window.