Add Business/Organization

#Overview

This document outlines the process for adding a business or organization as a borrower, including the required Know Your Customer (KYC) information.

#Required KYC Information

To add a business or organization as a borrower, the following details must be provided:

1. Business/Organization Name - The registered name of the business or organization.
2. Business Taxpayer Number (TPIN) - A valid taxpayer identification number.
3. Nature of Operations - A description of the business activities.
4. Business Type - The classification of the business (e.g., Sole Proprietorship, Partnership, Limited Company, NGO, etc.).
5. Phone Number - A valid business contact number.
6. Email Address - The official email address of the business.
7. Address Location - The physical or registered business address.

#Steps to Add a Business or Organization Borrower

#Step 1: Log in to the BraveLender

• Log in to the BraveLender using your credentials.
• Navigate to the "Add Client" section under "Data Entry".
• Click on the "Business/Organization" button.

#Step 2: Enter Business KYC Information

• Fill in the required details:
  • Business/Organization Name
  • Business Taxpayer Number (TPIN)
  • Nature of Operations
  • Business Type
  • Phone Number
  • Email Address
  • Address Location

#Step 3: Validate Information

• Ensure that:
  • The business name is unique and correctly spelled.
  • The Business Taxpayer Number (TPIN) is valid.
  • The nature of operations is well-defined.
  • The business type is correctly selected.
  • The phone number and email address are in the correct format.
  • The address location is complete and accurate.

#Step 4: Submit Business Information

• Click on the "Submit" or "Save" button.
• The system will validate and store the business details.
• If there are errors, correct them based on the validation messages and resubmit.

#Step 5: Confirmation and Record Storage

• Once successfully added, the business borrower will be recorded in the system.
• A confirmation message will be displayed.
• Optionally, notify the business via email or SMS about the registration.

#Notes

• Ensure the Business Taxpayer Number (TPIN) is accurate to comply with tax and financial regulations.
• Maintain confidentiality and security of business data.
• Businesses may be required to provide additional supporting documents based on lending policies.

#Conclusion

Following these steps ensures the proper registration of a business or organization as a borrower, enabling efficient loan processing and compliance with financial regulations.