Overview

The Pending Disbursement status is an intermediate stage in the loan lifecycle. It bridges the gap between the initial Application status and the Active status.

The Loan Lifecycle Flow:

1. Application: The loan begins in the Application status.

2. Pending Disbursement: A user manually updates the loan to indicate it is ready for disbursement.

3. Active: Once the first payment is successfully received, the user converts the loan to Active status and disburses the loan amount and then receipts the payment. 

Setting a Loan to Pending Disbursement

To update a loan from Application status to Pending Disbursement, follow these steps:

1. Navigate to the Loan Update Screen for the specific loan.

2. Ensure the current status is set to Application.

   • Note: You will see a disabled "Pending Disbursement" checkbox. This serves as a status indicator only.

3. Click the Set Pending Disbursement button.

   • Note: This checkbox is only visible if the loan is not yet in Pending Disbursement status and you have the required permissions.

4. Upon clicking, the system will update the status flag to True.

Reporting

The Detailed Loan Report (Enhanced) has been updated to reflect this new status.

• New Column: A Pending Disbursement column is now available on the report.

• Visibility: This column will only appear for users who have the "Pending Disbursement Flag" resource enabled.

System Configuration & Permissions

To utilize this feature, the following resource must be enabled in MaxMoney:

• Resource Name: Pending Disbursement Flag (Loan)

Behavior:

• Resource Enabled: The user will see the Pending Disbursement checkbox  on the Loan Update Screen, the Set Pending Disbursement button, and the new column in the Detailed Loan Report.

• Resource Disabled: The user will not see the checkbox, button, or the reporting column.