Record a loan or a grant, and its repayments
SACCO, bank or family money the farm borrowed, the repayment schedule and what is still to pay — and grants, kept apart so they are never counted as profit. Only the interest you pay counts as a farm cost.
- Open Business → Loans & Grants and tap Add.
- Choose Loan (it has to be paid back) or Grant (it does not).
- For a loan, enter the interest rate, how many months, how often you repay, and whether interest is flat or on the reducing balance — Famu shows the schedule before you save.
- When you pay, open the loan and tap the tick next to the instalment. Paid a different amount? Tap Record a repayment and change the figures.
- Do not record repayments as expenses — only the interest is a cost, and Famu adds it to your farm costs for you.