How to Build Loan Disbursement, Interest, and Repayments with Blnk

A practical guide to building a lending ledger with the Blnk Ledger. Learn how to safely disburse loans, charge interest, track repayments, and prevent customers from accessing more credit than they’re allowed. When build a lending product, the one mistake no developer wants to make is letting customers access more credit than they are allowed to access. If this happens, the company could lose millions of dollars with no clear way to recover it back from customers. For younger startups, this “fraud event” could mark the end for them. In most cases, issues like these happen because of how their ledger is designed. In this article, you’ll learn how to avoid this mistake using the Blnk Ledger. We’ll use Lumen Credit, a loan app that allows customers borrow money and repay at a later date plus interest. Let’s dive in! Step 1: Setting up your ledger Since we’re using Blnk, make sure you have a deployed Blnk instance. If you don’t have one, we wrote a guide here on how to get started. Before