Borrower categories are used to define the lending rules for each category of borrower (adults, children, students, staff members, and so on).
Since the borrower category is included as part of the loan policy, borrower categories should be created before loan polices.
First the default borrower category is set up. This defines the standard parameters for most borrowers.
Then the valid categories for each type of borrower are set up. Only the parameters different from those in the default borrower category need to be specified in the valid categories. You can simply inherit the common parameters from the default. This simplifies maintenance since the common parameters need be specified only once in the default rather than in each category.
You can have as many borrower categories as you like, but generally the fewer you have the better.
Delete or suspend borrower categories
Details for borrower categories
Invoices for borrower categories
Charges for borrower categories
Notice settings for borrower categories
Debarral for borrower categories
Category quota borrower categories
Membership for borrower categories