Disbursing a loan
Paying out an approved loan, signatures, top-ups and undoing a disbursement.
- Open the approved loan and click Disburse.
- Confirm the disbursed on date and first payment date — the repayment schedule is built from these.
- Choose the payment type (cash, M-Pesa, bank, or to the member’s savings or wallet) and enter the receipt or reference.
- Save. The loan becomes active, the schedule is generated and disbursement fees are collected.
| Field | Required | What it means |
|---|---|---|
| Disbursed on date | required | Date the money left the institution. |
| First payment date | required | Due date of the first instalment. |
| Payment type | required | Channel used. Cash disbursements reduce the teller’s till. |
Note
If the product’s signature requirement is before disbursement, the loan cannot be disbursed until it is marked signed. Use Send signature reminder to chase the member.
Bulk disbursement
Select several approved loans (for example a whole group) and disburse them together.
Top-up
A top-up adds a further amount to an active loan. Enter the top-up amount and notes; it is approved and disbursed like a new loan, and the schedule is recalculated.
Undo disbursement
Use Undo disbursement only for a disbursement posted in error and before any repayment. It reverses the accounting and returns the loan to approved. To correct only the latest disbursement of a multi-tranche loan, use Undo latest disbursement.
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