Loans are accounts that allow clients and groups to borrow money. Symba Microbanking tracks the complete loan lifecycle from application through approval, disbursement, repayment, and closure.

Loan lifecycle

• Application - Create loan applications for clients or groups
• Linking Savings Accounts - Link a savings account to a loan for direct disbursement to savings
• Approving - Review and approve loan applications
• Disbursing - Transfer approved loan funds to clients (see Disbursal)
• Repayment - Clients repay loans according to the schedule (see Collection)
• Closing - Close fully repaid or written-off loans

Group lending

• GLIM Loans - Group loans with individual member monitoring

Loan security

• Guarantors - Manage guarantors for loan accounts

Related Topics

• Clients
• Groups
• Disbursal
• Collection