Website Update: Change of loan status and other site improvements

website update on loan status of members and email notifications.

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Nexpereon cooperative website has been updated to accomodate the following changes:

1. Update of Member loan status.
2. Update on Loan approved email sent to the members.
3. Enable Member approval on the dashboard in case email notification is not available.

Update of Member loan status

• If loan is for Coop Staff assessment the status will be "FOR REVIEW".
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• If Loan is already assessed by Coop Staff, status will be “For Member Approval”.
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• If Loan is already approved by member, status will be “For Credit Comm Approval”.
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• If Loan is already approved by Credit Comm, status will be “For Final BOD Approval”.
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• If Loan is approved by BOD, status will be “Loan Approved”.
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Email will be sent to Releasing committee as receipt on the approved loan transactions. Loan status email will be sent to the member for every approval step. No changes on handling of disapproved loans or cancelled loans.

Update on Loan approved email sent to the members

• New email notification will be sent to the members after the cooperative approves the loan application.
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Enable Member approval on the dashboard in case email notification is not available.

• Members can now perform Member approval on their dashboard if Email notification is not yet available.
• The link will automatically activate if the Coop staff already approved the loan application.
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• To perform Member approval on the dashboard, please follow the steps below:
  1. Login to your Nexpereon Cooperative account.
  2. Go to Member Details and click on the Member Approval link next to the assessed loan application.

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Thank you for your patronage.

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