BraveLender Software - Documentation BRAVELENDER SOFTWARE - DOCUMENTATION

Data Entry

Add Group

#Overview

This document provides guidelines for adding a borrower group, including the required Know Your Customer (KYC) information and the steps to complete the process.

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#Required KYC Information

To create a borrower group, the following details must be collected:

  1. Group Name - A unique name for the borrower group.
  2. Group Leader - A designated leader chosen from existing individual borrowers.
  3. Group Members - A list of members added from the existing borrower records.

#Steps to Add a Borrower Group

#Step 1: Access the Borrower Management System

  • Log in to the borrower management system using your credentials.
  • Navigate to the "Borrower Groups" section.
  • Click on the "Add New Group" button.

#Step 2: Enter Group Information

  • Fill in the required group details:
    • Group Name: Provide a unique name for the group.
    • Group Leader: Select an existing borrower to serve as the leader.
    • Group Members: Add members by selecting from the list of existing borrowers.

#Step 3: Validate Group Information

  • Ensure that:
    • The group name is unique.
    • The group leader is a valid existing borrower.
    • Group members are selected from registered borrowers.
    • The group meets the minimum required number of members (if applicable).

#Step 4: Submit the Group Information

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

#Step 5: Confirmation and Record Storage

  • Once successfully added, the borrower group will be recorded in the system.
  • A confirmation message will be displayed.
  • Optionally, notify the group leader and members about the group registration.

#Notes

  • Ensure all group members are properly registered individual borrowers.
  • Maintain accurate records for loan management and compliance.
  • The group leader is responsible for coordinating group activities and communications.

#Conclusion

Following these steps ensures the proper registration of a borrower group, streamlining group-based lending and management within the system.