Configuring Loan Products
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Product basics
A loan product defines its name, target segment, currency, tenor range, and disbursement method (cash, mobile money, or bank transfer). Every loan application draws its rules from the product it was originated against.
Interest & fee structure
Choose an interest method — flat or reducing balance — and define the fee schedule. Interest income and fee income carry different VAT treatment; see Finance for the exact mapping.
Approval amount bands
Ustawi enforces a multi-tier approval ladder — branch officer, then committee, then board — gated by loan amount band per product. is enforced automatically: no one signs off on two tiers of the same loan, and no one approves their own origination.
Requirement gates
Disbursement can require collateral perfection, active credit-life coverage, or a live employer MOU (for check-off products) before funds release — configure these per product.
Key Facts Statement
Every product auto-generates an disclosure — the Key Facts Statement — shown to the borrower before signing, so the true annualized cost of the loan is transparent and comparable across products, supporting BOT-aligned disclosure practice.
Next steps
Continue to Enabling Apps.
Frequently asked questions
What is an approval amount band?
A loan-size range mapped to which approval tier (officer/committee/board) must sign off.
Can one person approve a loan at every tier?
No — segregation-of-duties blocks approving your own origination or signing two tiers on the same loan.
What is a Key Facts Statement?
A standardized EIR/APR disclosure shown to the borrower before signing.
Can I require collateral before disbursement?
Yes, via requirement gates on the product.