Want to record a loan? While we are developing a feature to make this easy, here is the workaround to get you started. 


Let’s look at an example: Imagine you just received a loan for GH₵10000/ NGN500,000 with 3% monthly interest and this loan is to be paid off in 6 months. 


Recording the loan:

Follow the instructions below to record a loan using the example above:


  1. From your Oze Business App, long press the '+' button.
  2. Click on the 'Other Cash In' button.
  3. Using the loan tab, provide the loan details.
    • Enter the amount borrowed
    • Select the type of interest ( i.e monthly or annually)
    • Enter the interest rate (i.e 3% monthly )
  4. Click on the 'Continue' to proceed.
  5. Provide information about the loan duration
    • Enter when the loan was taken
    • Select when the first payment is due
    • Select when the final payment is due
  6. Click on the 'Continue' to proceed.
  7. Provide information about the loan repayment schedule (i.e daily or monthly).
  8. Click on the 'Continue' to proceed.
  9. Provide information about the lender. 
    • Select who lent you the money. Since it's an Oze loan, select 'Oze Limited'.
    • Give this loan a name (this is optional)
    • Enter the name of your loan officer (this is optional) 
    • Enter the phone number of your loan officer (this is optional) 
  10. Click on the 'Record Loan' button.


Congratulations! You have successfully recorded the loan.