_____________ It’s a cash loan granted to an employed, currently – paying self-employed or voluntary member. It is intended to meet the member’s short-term credit needs.

This seems like a description of a personal loan. A personal loan is a type of unsecured loan that can help you meet immediate financial needs. Here's a step-by-step guide on how it works:

1. Application: The borrower applies for the loan, providing the lender with necessary information such as employment status, income, and other financial details.

2. Evaluation: The lender evaluates the borrower's creditworthiness based on the provided information. This includes checking the borrower's credit score, income, and debt-to-income ratio.

3. Approval: If the lender deems the borrower creditworthy, they approve the loan. The approval includes the loan amount, interest rate, and repayment terms.

4. Disbursement: The lender disburses the loan amount to the borrower. This can be a direct deposit into the borrower's bank account.

5. Repayment: The borrower repays the loan in installments over the agreed-upon term. The repayments include both the principal amount and the interest.

6. Closure: Once the borrower has fully repaid the loan, the lender closes the loan account.