Record the terms#
An obligation identifies lender, borrower, principal, currency, repayment dates and schedule. Both contacts approve the same terms before funding.
Track the lifecycle#
Funding and repayments use the payment provider. Partial payments reduce outstanding principal. Extensions require a separate lender approval. Disputes preserve the record while it is reviewed.
Current scope#
The MVP supports interest-free, private bilateral arrangements between mutual contacts. It has no public lending marketplace. Local demo terms are non-binding; a live implementation requires legal and provider review.