# Loan Products Created Successfully

## Summary
Successfully created **4 loan products** with different terms and conditions to serve various customer segments.

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## 📦 Loan Products

### 1. Imara (Micro Loan)
**Target**: Micro-businesses and startups

| Feature | Details |
|---------|---------|
| **Amount Range** | KES 1,000 - 20,000 |
| **Interest Rate** | 18.00% per loan period |
| **Duration** | 7 - 30 days |
| **Available Durations** | 7, 14, 21, 30 days |
| **Processing Fee** | 1.50% |
| **Late Payment Penalty** | 6.00% |
| **Repayment Methods** | Daily, Weekly |
| **Minimum Income** | KES 15,000 |
| **Requires Guarantor** | ❌ No |
| **Requires Collateral** | ❌ No |
| **Max Rollovers** | 3 |
| **Rollover Fee** | 8.00% |

**Description**: Small loan for micro-businesses and startups. No collateral required, quick approval process.

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### 2. Boost (Quick Cash)
**Target**: Urgent business needs

| Feature | Details |
|---------|---------|
| **Amount Range** | KES 5,000 - 50,000 |
| **Interest Rate** | 15.00% per loan period |
| **Duration** | 7 - 30 days |
| **Available Durations** | 7, 14, 21, 30 days |
| **Processing Fee** | 2.00% |
| **Late Payment Penalty** | 5.00% |
| **Repayment Methods** | Daily, Weekly, Monthly |
| **Minimum Income** | KES 20,000 |
| **Requires Guarantor** | ❌ No |
| **Requires Collateral** | ❌ No |
| **Max Rollovers** | 2 |
| **Rollover Fee** | 10.00% |

**Description**: Fast approval loan for urgent business needs. Perfect for inventory restocking or emergency expenses.

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### 3. Mwamba (Business Expansion)
**Target**: Growing businesses

| Feature | Details |
|---------|---------|
| **Amount Range** | KES 20,000 - 200,000 |
| **Interest Rate** | 12.00% per loan period |
| **Duration** | 30 - 90 days |
| **Available Durations** | 30, 45, 60, 75, 90 days |
| **Processing Fee** | 3.00% |
| **Late Payment Penalty** | 5.00% |
| **Repayment Methods** | Weekly, Monthly |
| **Minimum Income** | KES 40,000 |
| **Requires Guarantor** | ✅ Yes |
| **Requires Collateral** | ❌ No |
| **Max Rollovers** | 1 |
| **Rollover Fee** | 15.00% |

**Description**: Medium-term loan for business expansion and growth. Ideal for purchasing equipment or expanding operations.

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### 4. Boost Plus (Premium)
**Target**: Established businesses with good credit

| Feature | Details |
|---------|---------|
| **Amount Range** | KES 50,000 - 500,000 |
| **Interest Rate** | 10.00% per loan period |
| **Duration** | 60 - 180 days |
| **Available Durations** | 60, 90, 120, 150, 180 days |
| **Processing Fee** | 2.50% |
| **Late Payment Penalty** | 4.00% |
| **Repayment Methods** | Monthly |
| **Minimum Income** | KES 80,000 |
| **Requires Guarantor** | ✅ Yes |
| **Requires Collateral** | ✅ Yes |
| **Max Rollovers** | 1 |
| **Rollover Fee** | 12.00% |

**Description**: Premium loan product with flexible terms and competitive rates. Best for established businesses with good credit history.

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## Product Comparison

| Product | Min Amount | Max Amount | Interest Rate | Duration | Requirements |
|---------|------------|------------|---------------|----------|--------------|
| **Imara** | 1,000 | 20,000 | 18.00% | 7-30 days | None |
| **Boost** | 5,000 | 50,000 | 15.00% | 7-30 days | None |
| **Mwamba** | 20,000 | 200,000 | 12.00% | 30-90 days | Guarantor |
| **Boost Plus** | 50,000 | 500,000 | 10.00% | 60-180 days | Guarantor + Collateral |

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## Key Features

### Interest Rates
- **Lowest**: Boost Plus (10.00%) - Premium product for established businesses
- **Highest**: Imara (18.00%) - Micro loan for startups

### Loan Amounts
- **Smallest**: Imara (KES 1,000 - 20,000)
- **Largest**: Boost Plus (KES 50,000 - 500,000)

### Repayment Flexibility
- **Most Flexible**: Boost (Daily, Weekly, Monthly)
- **Least Flexible**: Boost Plus (Monthly only)

### Rollover Options
- **Most Rollovers**: Imara (3 rollovers)
- **Least Rollovers**: Mwamba & Boost Plus (1 rollover each)

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## Testing Recommendations

1. **Test Loan Applications**: Create loan applications for different borrowers using various products
2. **Test Eligibility**: Verify minimum income requirements are enforced
3. **Test Repayment**: Test different repayment methods (daily, weekly, monthly)
4. **Test Rollovers**: Test rollover functionality with different products
5. **Test Calculations**: Verify interest, processing fees, and penalties are calculated correctly

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## Next Steps

To create sample loan applications, you can:
1. Login as a borrower (e.g., `borrower1` / `borrower123`)
2. Apply for a loan using any of the 4 products
3. Login as a loan officer (e.g., `officer1` / `officer123`) to approve/reject applications
4. Test the complete loan lifecycle from application to repayment

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**Status**: ✅ All 4 loan products are active and ready for use!
