Loan lifecycle

Events

EventDescription
approvedLoan has been approved in Mambu Core and created in Mambu Payments.
ready_for_disbursementAll information for disbursement have been attached to loan.
pending_disbursementDisbursement has been initiated.
activeLoan has been disbursed.
pausedLoan has been paused.
closedLoan has been closed.

Statuses

StatusDescription
approvedLoan has been created and has not been disbursed. No repayments will be issued or booked.
ready_for_disbursementLoan has all information to be disbursed
pending_disbursementDisbursement has been initiated and is waiting for execution.
activeLoan has been disbursed. Repayments will be issued and booked.
pausedLoan has been paused. No repayments will be issued and booked.
closedLoan has been closed. No repayments will be issued or booked.

Lifecycle

stateDiagram-v2
[*] --> approved: approved
approved --> ready_for_disbursement: ready_for_disbursement
approved --> pending_disbursement: pending_disbursement
pending_disbursement --> approved: approved
[*] --> ready_for_disbursement: ready_for_disbursement
ready_for_disbursement--> pending_disbursement: pending_disbursement
pending_disbursement --> active: active 
pending_disbursement --> ready_for_disbursement: ready_for_disbursement
active --> paused: paused
active --> ready_for_disbursement: ready_for_disbursement
paused --> active: active
paused --> closed: closed
active --> closed: closed