Registration/Onboarding

• Member joins coop → add member entity

• Member registers in the app → add user entity, linked to member

• Member goes walk-in to register fingerprint → add biometric_data entity, teller has the button to register biometrics

• Member “deposits” → should be “Member contributes to share capital” → deposits are for bank accounts where user can just withdraw them, while share capital = balance but you don’t withdraw, this is your ownership of the coop → we don’t do deposits

• Member contributes share capital → teller encodes transaction → ledger entries automatically added in backend → update account (financial account, not user account) balance

Example Transaction vs Ledger Entry

INSERT INTO transactions (amount, type, created_at, member_id) VALUES (5000, 'Share Capital Contribution', NOW(), 12);

INSERT INTO ledger_entries (trans_id, member_id, debit, credit) VALUES (100, <account.coop_cash_id>, 5000, 0), (100, <account.member_1_share_id>, 0, 5000);

• Member applies for loan → fill up loan form → add loan entity → loan officer approves/declines
• Loan disbursement → loaned money released → teller records transaction → ledger entry automatically added in backend

just consult jods what to insert exactly sa transaction and ledger entries kapoy type nya edit

• Loan installment entities added in backend after release → we use this to keep track of payments
• Loan payment → teller records transaction → ledger entries in backend
• Every month, add a snapshot of member balances
• Every year, total earnings of coop is divided among members → this is called dividends → calculation is mbot basta pangutan a si jodeci
• There are 2 options: dividend is iinvest sa imong share capital or igive to u as cash, we can also do both