Manage vendor loan requests and repayments

Meneja’s vendor loan feature connects your marketplace vendors with loan providers so vendors can access working capital directly through the platform. As an admin, you register loan providers, configure loan products for each provider, and then oversee the full lifecycle of every loan request — from initial submission by a vendor through to approval, disbursement, and repayment. All operations are available through the dashboard as well as the REST API.

Loan providers

A loan provider is a financial institution or lending organisation that offers loan products to your vendors. You must register at least one provider before vendors can apply for loans.

Field	Description
`business_name`	Legal trading name of the provider
`contact_email`	Primary contact email
`contact_phone`	Primary contact phone number
`description`	Description of the provider and their offering
`website`	Provider’s website (optional)
`address`	Physical address (optional)
`is_active`	Whether the provider is available for new loan products
`status`	Current review status of the provider record

Provider statistics — total_loans, loan_growth, avg_loan_value, and repayment_rate — are aggregated automatically and visible on the provider’s detail page.

Register a provider

Send a POST request to /v1/loans/providers/ with the provider’s details:

{
  "tenant_id": "tenant-123",
  "user_id": "user-456",
  "business_name": "Fast Cash Loans",
  "contact_email": "contact@fastcash.com",
  "contact_phone": "+255700000000"
}

To list all providers registered to your tenant, send a GET request to /v1/loans/providers/ with the X-Tenant-ID header.

Loan products

Each provider offers one or more loan products. A product defines the financial terms that apply to any loan a vendor takes under that product.

Field	Type	Description
`name`	string	Product display name
`interest_rate`	number	Interest rate as a percentage
`interest_period`	enum	Period the rate applies to: `DAILY`, `WEEKLY`, `MONTHLY`, or `YEARLY`
`interest_rate_type`	enum	How interest compounds: `FLAT`, `REDUCING`, or `REDUCING_BALANCE`
`term_duration`	number	Length of the loan term
`term_unit`	enum	Unit for the term: `DAYS`, `WEEKS`, `MONTHS`, or `YEARS`
`repayment_frequency`	enum	How often repayments are due: `DAILY`, `WEEKLY`, `BI_WEEKLY`, or `MONTHLY`
`min_amount`	number	Minimum loan amount (optional)
`max_amount`	number	Maximum loan amount (optional)
`processing_fee`	number	Upfront fee charged on disbursement (optional)
`charges`	object	Additional fees specific to this product
`description`	string	Product description shown to vendors (optional)
`terms_conditions`	string	Terms and conditions text (optional)
`is_active`	boolean	Whether the product is available for new requests

Create a loan product

Send a POST request to /v1/loans/products/ with the product definition:

{
  "provider_id": "{{provider_id}}",
  "name": "Small Biz Quick Loan",
  "interest_rate": 5.0,
  "interest_period": "MONTHLY",
  "interest_rate_type": "FLAT",
  "term_duration": 3,
  "term_unit": "MONTHS",
  "repayment_frequency": "MONTHLY",
  "charges": {}
}

To retrieve all products for a given provider, send a GET request to /v1/loans/products/provider/{provider_id}.

Loan requests

When a vendor applies for a loan, Meneja creates a LoanRequest record. You review, approve, and disburse loans from the Vendor Loans section of the dashboard.

Loan request fields

Field	Description
`vendor_id`	The vendor applying for the loan
`product_id`	The loan product selected by the vendor
`loan_amount`	The amount approved for the loan
`amount_requested`	The amount the vendor originally requested
`interest_rate`	Rate inherited from the product at the time of application
`payment_frequency`	`weekly`, `bi-weekly`, or `monthly`
`term_length`	Loan duration in months
`total_payable`	Total amount due including interest and fees
`remaining_balance`	Outstanding balance on an active loan
`purpose`	Vendor-provided reason for the loan
`status`	Current lifecycle status (see below)
`payment_schedule`	Array of scheduled installments
`documents`	Supporting documents submitted with the application
`penalties`	Any penalties applied for missed or late payments

Loan statuses

Status	Meaning
`pending`	Submitted by the vendor, awaiting admin review
`approved`	Approved by the admin, awaiting disbursement
`rejected`	Declined — `rejection_reason` is populated
`disbursed`	Funds have been released to the vendor
`active`	Loan is live and repayments are being collected
`completed`	All repayments received, loan closed
`defaulted`	Vendor has failed to meet repayment obligations

The loan lifecycle

Vendor submits a loan request

The vendor selects a product and submits a request via the marketplace. Meneja sends a POST to /v1/loans/requests with the following payload:

{
  "product_id": "{{product_id}}",
  "borrower_id": "user-789",
  "amount_requested": 10000.0
}

The request is created with status: pending. You can retrieve it at any time with a GET to /v1/loans/requests/{request_id}.

Admin reviews the request

Open Growth Tools → Vendor Loans → Requests in the dashboard. Click the request to view the vendor’s profile, the loan product terms, the requested amount, the stated purpose, and any supporting documents.The vendor details panel shows business registration information, KYC documents, bank details, transaction statistics, outstanding payments, and current orders — giving you the context needed to assess creditworthiness.

Approve or reject the request

To approve, send a POST to /v1/loans/requests/{request_id}/approve. This moves the status to approved and stamps approved_at and approved_by.To reject, update the status to rejected and provide a rejection_reason so the vendor understands why their application was declined.

Disburse the loan

Once approved, disburse funds by sending a POST to /v1/loans/{loan_id}/disburse. This moves the status to disbursed and stamps disbursed_at and disbursed_by. The loan then transitions to active once the payment schedule begins.The loan record is created at this point, containing the principal_amount, total_expected_interest, total_fees, outstanding_balance, the full schedules array, and a repayments array.

Track repayments

Each installment in the payment schedule has a status of pending, upcoming, paid, overdue, or partial. As the vendor makes payments, record each repayment with a POST to /v1/loans/{loan_id}/repayments:

{
  "amount": 3500.0,
  "method": "m-pesa"
}

Each repayment record captures the amount_paid, payment_method, payment_date, optional reference_number, and a status of COMPLETED, PENDING, FAILED, or SUCCESS.

Close or flag the loan

When all scheduled payments are received, the loan status moves to completed. If a vendor misses payments beyond the allowed threshold, update the status to defaulted and record a penalty with the amount, reason, and applied_at timestamp.

Payment schedules

Each active loan has a payment schedule — one entry per installment — generated at disbursement.

Field	Description
`installment_number`	Sequence number of this payment
`principal_due`	Principal portion of this installment
`interest_due`	Interest portion of this installment
`fees_due`	Any fees due with this installment
`amount_due`	Total amount due (`principal_due + interest_due + fees_due`)
`due_date`	Date the payment is expected
`status`	`PAID`, `PENDING`, or `OVERDUE`

You can retrieve the full schedule and repayment history for any active loan with a GET request to /v1/loans/{loan_id}.

Penalties

If a vendor misses or underpays an installment, you can apply a penalty:

Field	Description
`amount`	Penalty amount in the local currency
`reason`	Description of the breach that triggered the penalty
`applied_at`	When the penalty was recorded
`status`	`pending`, `paid`, or `waived`
`paid_at`	Populated when the penalty is settled

Can I offer products from multiple providers?

Yes. Register each provider separately under /v1/loans/providers/ and then create products under each provider. Vendors see all active products when they apply.

How do I filter loan requests by status?

The loan requests list can be filtered by status, vendor_id, product_id, provider_id, amount range (min_amount, max_amount), and date range (start_date, end_date).

What vendor information is available during review?

The vendor details panel on a loan request shows KYC documents (business license, business certificate, TRA certificate), bank details, business registration information, and transaction statistics such as total transaction count, total value, and last transaction date.

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Growth Tools

Administration

Manage vendor loan requests and repayments

Loan providers

Register a provider

Loan products

Create a loan product

Loan requests

Loan request fields

Loan statuses

The loan lifecycle

Payment schedules

Penalties

​Loan providers

​Register a provider

​Loan products

​Create a loan product

​Loan requests

​Loan request fields

​Loan statuses

​The loan lifecycle

​Payment schedules

​Penalties

Loan providers

Register a provider

Loan products

Create a loan product

Loan requests

Loan request fields

Loan statuses

The loan lifecycle

Payment schedules

Penalties