Hi Lppez,
Sorry for the late replay,
After submitting the new loan application for a client, Click on more ->
Click on Create Guarantor -> Create Guarantor as self and for external both
for the percentage defined at the loan product.
On Thursday, March 3, 2016 at 2:24:31 PM UTC+5:30, Ippez Robert wrote:
>
> *Scenario*
>
> I have created a loan product, and enabled Place Guarantee Funds On-Hold
> as follows
>
> *Mandatory Guarantee 25%*
>
> *Minimum Guarantee from Own Funds 15%*
>
> *Minimum Guarantee from Guarantor Funds 10%*
>
>
>
> I created a new loan application of 38,000,000 UGX for a client who has a
> balance of 7,583,055 UGX in the linked Savings Account, and created two
> Guarantors with the following savings balances
>
> *Ulea Florence 5,010,000 UGX*
>
> *Banduga Geoferson 4,010,000 UGX*
>
>
>
> When I try to approve the above loan, I get an error
>
> *Minimum self guarantee of `[5,700,000]` required for this product*
>
> *Minimum guarantor guarantee of `[3,800,000]` required for this product*
>
> *Mandatory guarantee of `[9,500,000]` required for this product*
>
>
>
> Questions:
>
> 1. Why does approval fail even when all the above requirements are
> met.
>
> 2. Is the *Minimum guarantor guarantee of `[3,800,000]` *divided
> equally between the gurantors i.e whether the fund placed on hold for each
> guarantor is 1,900,000?
>
> 3. What if one guarantor has less than 1,900,000 say 200,000 but
> the other gurantor has enough balance even to cater for the 10% say
> 4,000,000?
>
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