Allocate Monthly Collection

Once uploaded, each batch of collections should be allocated; each member's collected amount is distributed among the various loan saving accounts.

Normally, the collected amount of a member fully covers all obligations of a member including loan repayments and regular (monthly) savings.

The allocation order is set through a prioritization scheme for the different accounts of a member.

A typical allocation order is: signature loan, co-maker loan, collateral loan, regular saving.