Lending & capital management
Members place funds. Members borrow them. Every peso is traced from placement to release to final settlement — on a schedule both sides can see.
The loan lifecycle
A loan cannot skip a stage, and no one person can move it through two adjacent stages alone.
Application record
A member applies against a loan product. The product supplies the method, the rate band, the term limits and the fee schedule.
Term and amount are validated against the product envelope at entry, so an application that cannot be approved is never raised.
Terms snapshot
A second officer approves. The terms are snapshotted at the moment of approval.
The snapshot is what governs the loan for the rest of its life — later edits to the product cannot rewrite an approved loan retroactively.
Net proceeds
Fees are deducted from the principal and the net proceeds go to the member.
Processing, service, insurance, documentation and other fees come off the proceeds in a fixed order, so the released figure is reproducible.
Instalment schedule
The schedule is generated once and persisted.
Rounding is swept into the final instalment, so the principal and interest columns total to the peso and the loan closes at exactly zero.
Payment allocation
Payments post against the schedule. Arrears accrue penalties and enter the worklist.
A payment is allocated across penalty, interest and principal by a fixed rule, never by hand.
Closed ledger
The loan closes and the ledger reconciles against the funder placements that financed it.
Every released peso traces back to the placement it was drawn from, and forward to the repayment that cleared it.
Interest methods
The method decides how interest is charged and how the instalment behaves across the term. It is fixed on the product, snapshotted at approval, and cannot drift afterwards.
Showing 5 of 5 methods
With principal
Interest on the original principal, split evenly.
Total interest is the principal times the monthly rate times the term. It is divided evenly across the instalments, so every payment is the same size and the split never moves.
Model this in the labWith principal
Interest on what is actually still owed.
The principal component is constant and interest is charged on the balance outstanding at the start of each period. As the balance falls, so does the interest.
Model this in the labWith principal
A constant slice of principal, every period.
The principal is divided evenly across the term and interest accrues on the declining balance. Arithmetically the same construction as diminishing balance, stated from the principal side.
Model this in the labWith principal
One payment figure for the whole term.
A standard annuity. The instalment is solved so that it stays constant while the split shifts from interest towards principal as the loan matures.
Model this in the labInterest only
Service the interest; principal falls due at maturity.
Each instalment is interest alone. The principal comes due in one piece at the end of the term. Partial principal paid during the term reduces the interest that follows.
Model this in the labNo methods match that.
Try a broader term, or clear the filters to see all 5.
Amortisation lab
This is the cooperative’s own amortisation engine, ported to the browser. Change the terms and the schedule regenerates — the same rounding, the same remainder sweep, the same closing zero.
Illustrative only. Figures you enter here are your own and do not constitute an offer, a quotation, or published cooperative rates.
| # | Opening | Principal | Interest | Payment | Closing |
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The funder side
Member capital does not sit in a pool. A placement is allocated to specific loans, and it earns from those loans’ repayments.
A funder places capital for a defined term at an agreed earning rate. The placement gets its own schedule.
When a loan is released, its principal is drawn from one or more placements. The link is recorded, not inferred.
The placement earns across its term on its own schedule, independent of any single borrower’s timing.
At maturity the placement is repaid and the allocations it financed are released back.
Controls
Nothing here is a feature you would notice on a good day. All of it is what you want in place on a bad one.
The officer who raises an application cannot approve it, and the officer who approves cannot release it. Enforced in code, not in policy.
Every create, update and delete is written to an audit log with the actor, the timestamp and the before and after values.
Access is granted per capability, not per job title. A role is a named set of permissions that can be audited on one screen.
Loans, payments, receipts and contracts draw from gapless document sequences, so a missing number is a question that has to be answered.
Corrections to released loans are possible, logged, attributed, and require a written justification. There is no silent edit.
Amounts are decimal from end to end. No floating point touches a peso figure anywhere in the system.
Operating rhythm
Applications reviewed against product limits and member standing.
A second officer signs off. Terms are frozen at that moment.
Fees deducted, proceeds paid, capital allocated from placements.
Payments posted and allocated. Arrears surfaced the day they occur.
Borrower ledger and funder ledger tied out against each other.
Statements, portfolio and delinquency reports issued to the board.
Whether you are placing capital or borrowing it, you are looking at the same book.