Loan Utilization Check

Loan utilization check is nothing but reconciliation to track how the loan is utilized. For an example Bob is running a Finance Institute. The agenda of his organization is to eliminate poverty, so he lend loans for setting up small small business for the poor community. Say for an instance he lend a loan of 5000 to start Fruit shop, but he need to track how exactly the loan is utilized for opening fruit shop. To fulfill this requirement Bob can make use of the "Loan Utilization Check"  feature.

Step 1: Navigate to Clients>>Centers click on "Loan Utilization Check" which will land on the screen as shown in the fig 1. Click on "Add Loan Utilization Check" to add loan utilization description.
Note: This feature supports only JLG Loan

Fig 1: Utilization Check

Step 2: Add Loan Utilization Description
Click on the '+' icon to add loan utilization description (i.e., loan purpose, % of amount utilized and the amount utilized) with Audit date as shown in the fig 2.
For an example Bob disbursed loan to start Fruit shop hence he will take a survey how the loan is utilized to start fruit shop. Hence Bob's client utilizes 75% of amount for buying fruits and 25% of loan amount for the construction of Fruit shop. 

Fig 2: Add Loan Utilization Description

Step 3: Loan Utilization View
The Loan Utilization Check can be edited as shown in the fig 3. 

Fig 2: View Loan Utilization