Microfinance Software

Loan Creation and Disbursement Software for Microfinance

Create each member's loan from the group's loan overview. The system checks eligibility first, records the disbursement and builds the repayment schedule for you.

Last updated 14 November 2026 · CK Tech Solutions, Anna Nagar, Chennai

Short answer: In CK Tech microfinance software a loan is created for a member of a group, using a loan scheme. Before the loan is saved the system checks that the member belongs to the group, that KYC is verified, that the group has its CGT 1 to 3 and GRT dates, and that the member has no other active loan. The loan then starts as active with its disbursed amount and date, takes its branch from the group and gets a repayment schedule.

At a glance

Loan Creation and Disbursement at a glance
Created from	The group's loan overview, one loan per member and scheme
Checks before saving	Member in the group, KYC verified, CGT and GRT dates present, one active loan
Recorded	Scheme, disbursed amount and date, branch from the group, status active
Schedule	Built automatically from the scheme and the group's collection day
Switches	KYC, group-training and multiple-loan checks are server settings

What is checked before a loan is created?

These checks stop loans that would later cause arguments in the field or problems at audit. A clear message tells the user which rule failed.

Member of the group

The customer must belong to the group the loan is created in.

KYC verified

The member's KYC status must be Verified before a loan is allowed.

Group training done

The group must have its CGT 1, 2 and 3 and GRT dates recorded.

One active loan

A member can have only one active loan by default. Lenders who allow more can have that switched on.

Valid scheme

The scheme needs a valid term and EMI amount before it can be used.

What is recorded when the loan is created?

Everything the later steps depend on is stored at the moment of disbursement.

Disbursed amount and date

The amount given to the member and the date it was given.

Branch

Taken from the group, so branch figures need no re-entry.

Status

The loan starts as active and moves to closed when the balance reaches zero.

Repayment schedule

Instalments with due dates that follow the group's collection day.

How it works

Open the group in the loan overview and pick the member.
Choose the loan scheme.
The system checks KYC, group membership, group training and existing loans.
The loan is saved as active with its disbursement details and repayment schedule.
Collection starts on the group's next collection day.

Frequently asked questions

Not yet. A loan becomes active as soon as a user with permission to create loans saves it. An approval or sanction workflow can be discussed as custom work.

The KYC, group-training and multiple-loan checks are settings kept on the server. They can be changed for your installation on request.

By default no. A lender that allows more than one active loan can have that setting turned on.

The branch of its group is stored on the loan when it is created.

Yes. It follows the scheme and the group's collection day, so the first instalment falls on the first collection day after the loan date.

See it with your own data

Tell us how you lend and collect, and we will show you this on a live demo. Free 2-month trial.

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