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Table of Contents (Online Help)

Loan Guarantors

The loan guarantors are well-known members of the community, who can stand in for the individual client applying for a loan and can take the responsibility of the repayment of the loan in case of client's failure.

You can create a list of loan guarantors using the Loan Guarantors option in the Clients menu.

You can also import them using the Import Clients Data feature and, if you have forgotten someone, you can still add him/her to the list at the moment of entering a loan application for the individual client. 

How to add a Loan Guarantor

To add a new loan guarantor you go to Clients>Loan Guarantors and a screen like the one below will be displayed:

Note that the yellow fields in Loan Performer are compulsory fields. You cannot save the client details without entering this information.

• Branch: This is the code of a branch of your organization to which the client belongs. The branch codes are not modifiable and assigned to the organization at licensing. Unless you have a corporate license or a license for a centralized administration of data (data from all branches maintained in one database), your choice will be limited to only one branch code. In the demo version of Loan Performer the branch code is the abbreviation DB (Demonstration Branch).
• Names: Enter the names of the guarantor. The First Name, e.g., "Mutaasa"and the Last Name e.g., "Joseph" are compulsory (yellow) fields. The Middle Name, e.g., "Kim" is optional. Each of these fields can contain up to 30 characters.
• Title: From the drop-down box select the title for the guarantor, e.g., "Mr." The titles should have been set as at Support files\Name Titles menu.
• Gender: From the drop-down box select the gender for the guarantor, e.g., "Female".
• Guarantor is also a Client: Tick this checkbox if the guarantor is also clients and thus will appear in the list of clients. If this checkbox is not ticked, he will not appear among the list of clients.
• Registration Date: This is the date when the guarantor is registered, e.g., "01/01/2012". It is a compulsory field, and the date entered here should precede any transactions with the client.
• Client can buy shares: Tick this checkbox if the guarantor is allowed to own shares in the organisation. If this checkbox is not ticked, he will not be able to purchase or sell shares to the company.

Loan Performer allows you to input additional guarantor information. This includes Loan Guarantor Identification, Loan Guarantor Address, Loan Guarantor Personal Data, Loan Guarantor Personal Other Details.

Click on the Cancel command button to exit the menu.

Related Topics

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