Data Element

Data element description

Is Required?

Currency:

Select currency of loan if more than one currency is used

Yes

Select Main Catalog:

Account main type (Saving/Loan)

Yes

Select Sub-catalogue:

Account sub-type

Yes

Selector:

First letter of Member ID (Enrollment No.)

Yes

Select Member:

Select member from the dropdown list with members whose Member ID starts with the letter selected above

Yes

Sub Account Code:

Selected member's corresponding account code

Yes

If the selected member already has an account on the selected account sub-type, system shows a message. If member does not have account, loan cannot be saved.

Yes

Year of Loan:

Year of the loan

Yes

Approved Date:

Date on which the loan is granted

Yes

Is Re-finance:

Check if the current loan is a re-finance or top-up on an existing loan

Previous Record for Re-finance:

If re-finance, select the previous loan record

Principal:

Amount of loan; if re-finance, the previous balance is included.

Yes

Monthly Repayment:

Monthly repayment amount for the new loan

Yes

Exclude Interest

If the repayment amount excludes interest check here

Pay Period (months):

Number of months of payment for the new loan

Yes

Repayment Currency:

The currency in which repayment is collected

Yes

Save the new loan