These are the reasons for which customers request Loans.
Ensure all possible reasons are exhausted in this sub - module.
To access this module, Click on Credit Management ->Set Up-> Loan Purposes
The following screen will open up:
On this window, a new purpose can be captured, and an existing one modified.
To create a loan purpose, click on the “Add New” button
The following screen will open up:
NOTE: The above is in conformity with the sectoral lending classification .See a snippet below :
According to the above, capture agriculture as a header entry, with no parent purpose then crop farming as a header entry, with agriculture as the parent purpose.
Capture Tea, coffee, sugarcane, etc. as detail entries, with crop farming as the parent purpose.
The detail entries will are the actual purposes that will be selected during loan registration. The purposes should be enlisted as below once captured :
Code : Define the code
On successful completion you will get a pop up message confirming that the operation was successful.
To modify a loan purpose, first identify the loan purpose.
Then click the edit icon against it to open the following screen:
Modify the loan purpose accordingly then click on the update button to save the changes into the system.
Along the same lines, a purpose can be locked if it's no longer in use by checking the checkbox.
On successful completion you will get a pop up message confirming that the operation was successful.
