About this document
It helps both the group and the borrower monitor loan repayment clearly and consistently.
The purpose of this document is to:
1. Show the agreed repayment plan for a loan issued to a member.
2. Help the treasurer and officials monitor loan repayment progress.
3. Reduce disputes by providing a clear record of what has been paid and what is still outstanding.
4. Record instalment amounts, due dates, payments made, and remaining balances.
5. Promote accountability and proper financial management within the self-help group.
6. Support enforcement of penalties, guarantor obligations, or recovery measures where repayment is delayed.
Document preview
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