How to Record a Pawn Pledge & Calculate Interest in Girvi
Step-by-step walkthrough for opening a new loan record, logging gold/silver weight & purity, calculating monthly interest, and saving collateral details.
Step-by-Step Instructions
Complete First-Time Setup & PIN Registration
On first app launch, enter your shop name and owner credentials. Configure 3 security questions and save your generated 6-digit emergency recovery PIN.
Tap New Transaction (+)
From the main Dashboard, tap the prominent '+' action button to open the transaction entry form.
Input Borrower Identity & Government ID
Enter the customer name, primary phone number, secondary contact (optional), physical address, and government ID type (Aadhaar, PAN, or Voter ID).
Specify Collateral Category & Ornaments
Select item category (Gold, Silver, Electronics, Other, or Mixed). Provide a descriptive list of pledged ornaments (e.g. '22K Gold Bangle 1 Pair').
Record Gross Weight, Net Weight & Purity
Enter gross weight and net weight after stone deduction. For gold and silver, input the current market rate per gram to track valuation.
Set Principal Disbursed & Interest Rate
Enter cash principal advanced and monthly interest rate (e.g., 1.5% or 2.0% per month). Review the live preview of monthly interest and maturity total.
Set Duration & Due Date
Select loan tenure in months (default 1 to 12 months). Girvi automatically computes the exact maturity due date.
Attach CameraX Collateral Photos
Tap the camera icon to snap up to 10 clear photos of the ornaments. Images are stored securely in app-private sandboxed storage.
Save & Dispatch 1-Tap WhatsApp Receipt
Tap 'Save Transaction'. The loan is committed to Room DB. Tap the WhatsApp icon to instantly dispatch a pre-formatted itemized receipt to the borrower.
Expected Outcome
The loan appears on the active dashboard with live 'as of today' interest accrual, customer timeline logging, and immediate receipt delivery.
Important Points & Common Pitfalls
- Failing to note net weight separately from gross weight, creating collateral valuation confusion during redemption.
- Not recording government ID details for high-value gold pawns required by local moneylending compliance.