How to withdraw capital/interest
A Lender can withdraw interest or capital from the account anytime. This disbursement can be sent either to the phone via M-PESA or to the bank.
To do this,
Log in to your account
Click on Investments on the menu
Select withdraw on the drop down
Click on withdraw interest
(A pop up will appear on the screen to which you need to fill in the number and amount as shown below)
N/B: The number in which you are withdrawing to has to be a member or a customer in the account.
12b. To withdraw to bank;
Log in to your account
Click on investments on the menu
Select withdraw on the drop down
Click on withdraw interest
Pick the Bank option
(a pop up will appear on the screen to fill in your details including the bank acc number and amount)
Fill in the details and submit by clicking Withdraw Interest
The image below will guide you on the steps to doing that
Related Articles
How to re-invest interest
The Lender can re-invest interest earned in the account by following the steps below. Log in to your account Click on Investments on the menu Select withdraw on the drop down Click on Re-invest interest ( a pop up will appear on the screen to which ...How to lock capital
Presta allows lenders to lock part of their capital investment.Hence, allowing the lender to have full control of the amount of funds available for their customers to borrow. Also ensuring that at any given time the lender can withdraw part of their ...Loan Products
This feature is found in the setup dropdown The following actions can be done in the loan products page; Create a new loan product. Search for a loan product Edit an existing loan product. Delete an existing loan product. HOW TO CREATE A NEW LOAN ...How to do a Manual Journal
Under transactions, select manual journal Click on the new journal button as highlighted Enter the following details as requested Input the transaction code reference - Under the reference number field Write a brief explanation of the journal - Under ...Penalty Setup
The penalty setup feature is found in the setup dropdown PENALTY CONFIGURATION Penalties are charged when customers fail to pay a loan in time. To charge penalties as a percentage, you click on box 1, enter the rate to charge on box 2 and the day the ...