Product Types
Organize your product catalog around a small number of clearly defined lending patterns.
Product types are an operating decision. The system stores the concrete terms of each product, but your branch still needs a clear product model so staff know which product to use.
Purpose
This page helps you decide how to classify products before you create too many overlapping options.
Recommended product grouping
- Working capital products for traders, shops, and short-cycle businesses
- Asset or equipment products for purchases with a defined business use
- Salary or payroll-backed products when repayment comes from a predictable income source
- Group or community products when your operating model depends on group-based monitoring
What to keep consistent
- Use product names that show the actual lending purpose.
- Use codes that staff can recognize quickly in analytics and exports.
- Keep repayment cadence aligned with cash flow, such as weekly for market traders and monthly for salaried borrowers.
- Separate products only when pricing, term, or risk policy is meaningfully different.
Expected result
Staff can select the correct product without guessing, and portfolio reporting stays readable.
Troubleshooting
- If product names are confusing, simplify them before the catalog grows further.
- If the same borrower segment is spread across many products, consolidate the catalog and retire unnecessary variants.