Loans
The Loans module in Hesafin enables groups to manage two distinct types of loans: Interest-Based Loans and Insurance Loans. Each loan type serves different purposes and follows specific rules set by the group.
During meetings, council members can:
Process new loan requests
Record loan repayments
All loan transactions are recorded on the blockchain, ensuring transparency and creating a verifiable credit history for members.
Group Loan Overview
The overview page provides key financial information about the group's loan status. It displays three important metrics:
Number of Active Loans: Shows the total count of currently outstanding loans
Total Loan Amount: Displays the sum of all active loans issued to members
Current Treasury Amount: Shows the total available funds, which includes:
Share contributions
Insurance fund
Member Loan Overview
The member details page displays essential information about individual borrowing status:
Member Information: Member's name and account details
Loan Potential: Maximum borrowing amount (3× total shares value). Example: A member with 5 shares at 500 BIF each (2,500 BIF total) can borrow up to 7,500 BIF. However, it is important to note that the final loan amount will be subject to the availability of treasury funds.
Active Loans Status
Loan amount
Loan type (Interest-Based or Insurance)
Outstanding balance
Due date
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