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by Rakesh Waghela

12.2 Phase 2 — Co-lending MVP

Goal

Section titled “Goal”

Onboard one co-lending partner (typically a bank under CLM-1 with 80:20 ratio) and ship at least 100 – 200 co-lent loans cleanly.

Features

Section titled “Features”
  • Partner master + agreement management in admin.
  • Partner policy as machine-readable rules; layered with own policy in decision engine.
  • Dual-policy execution at decision time.
  • Allocation engine (single-partner, fixed ratio).
  • Booking handoff — API + SFTP file daily MIS.
  • Co-lending escrow with sponsor bank.
  • Disbursement coordination (partner share + own share into escrow).
  • Co-lender share ledger + consolidated borrower ledger.
  • Daily settlement from escrow to lender accounts.
  • Reconciliation engine — escrow vs partner vs own books.
  • Partner portal — read-only MIS for partner’s risk / ops team.
  • Co-lending disclosure in KFS, agreement, and borrower communication.
  • NPA lockstep classification + reporting.
  • DLG monitoring + invocation pipeline if DLG arrangement exists.

Integrations

Section titled “Integrations”
  • Partner-specific API + SFTP integrations.
  • Sponsor bank escrow account.
  • Additional vendor allocations if partner requires specific KYC / BSA vendors.

Team

Section titled “Team”
  • Add 1 – 2 partner-ops staff.
  • Add 1 – 2 engineering on co-lending module.
  • Add 1 reconciliation analyst.

Time

Section titled “Time”

4 – 6 months from Phase 1 completion.

Build vs buy

Section titled “Build vs buy”
  • Co-lending allocation + settlement: Build. Domain-specific; vendors’ generic co-lending often doesn’t fit partner-specific quirks.
  • Reconciliation engine: Build.
  • Partner portal: Build.

Acceptance criteria

Section titled “Acceptance criteria”
  • One partner fully integrated.
  • 100+ co-lent loans disbursed cleanly.
  • Daily settlement completes within bank SLA.
  • Reconciliation exception rate < 0.5%.
  • KFS shows both lenders correctly.
  • NPA classification lockstep verified.
  • Audit trail per loan reviewed.
  • DLG cap monitoring live (if applicable).

Risks

Section titled “Risks”
  • Partner IT delays (most common single risk).
  • Reconciliation gaps with sponsor bank.
  • Partner-policy translation errors.
  • Disclosure / KFS issues caught in audit.

Go / no-go for Phase 3

Section titled “Go / no-go for Phase 3”
  • Partner relationship stable.
  • Co-lent book reaching ~₹30 – 50 Cr.
  • Operations not constantly fire-fighting.