3.4 Registering new loan
Inquiry and approval of a new loan can either be done through telephone or the collector informing the committee and the rest of the collectors. If all members approve the loan, the member can take the loan.
Jamiipay app users: new loan can be registered as usual in the application by clicking ‘New Loan’ on the meeting overview screen.
SG member with registered phone will get an SMS notification right away with the receipt of approved loan amount, service charge and loan repayment date.
Non Jamiipay users: secretary registers new loan by a member on ledger and passbook.