5 docs tagged with "loan_life_cycle"

Only loans in the Processing state can be approved.

Only loans in the Approved state can be disbursed.

Each time a loan is created, it is assigned an initial state of "Processing." From there, the loan goes through a series of states until it completes a cycle. Each state defines the loan's position and what can happen to it.

There are two ways to add payments to loans. You can go to the loan and make a payment, or you can choose to make bulk repayments.

Lenda system only supports single payment on solidarity loans. To add a payment: