I have loans from two individuals who helped my business. How can I separately record (as per individual) repayment of such loans so that it shows me balances for each individual?
If these were truly loans, create liability accounts for them. Receive their money into those accounts. Post your payments to those liability accounts, too.
But if these individuals are partners in the business, you need to set up capital accounts. See https://guides.manager.io/8936.
The legal structure of this arrangement determines which you do.
Thanks. Let me try that way