Hi Knot, Here's what happened with this loan account. I'll break it down into three parts:
Borrower Payments The monthly loan payments of $347.05 due on the 20th of the month, the first being due 20 Feb (I am using full loan amounts not your share of the loan for simplicity). The direct debit was rejected so the the borrower has made direct credit payments; one of $300.00 on 25/02 and another of $47.05 on 1/03. As the direct credit did not have the right reference and was not for the full loan amount it has taken some time to confirm the account and apply the payments. When the payments were applied on 21/3 the second payment was due so the the payment has only reduced the interest which is why you see the payment only against gross interest. The payment hierarchy for payments received is fees, interest, then principal so in this case the amount of interest owed in the first two payments was $531.84 of the $694.10 due (interest is a high proportion of of the total payment in early months of the loan), which is why the $347.05 received has only been applied to interest. If the second payment is received in the next few days a high proportion of the payment will reduce principal owing.
Arrears Status If the second payment of $347.05 is not received by 27 March (after the 7 day grace period, not allowing for easter) the account will go into arrears status.
Lender Dashboard The reason the $0.23 is not showing in your cash is that there can be a lag between when reporting updates and when cash is transferred. As the copy in the lender dashboard says "Timing of data updates can cause short-term variances between the dashboard and reports section."
Hope that helps.