If you don't have a dates table and don't have permission to create one you could us union. For example
given
select * from tbl_loanledger;
+------+-------------+---------------+---------+---------+--------------+---------+
| id | borrower_id | loanmaster_id | payment | balance | date_created | deleted |
+------+-------------+---------------+---------+---------+--------------+---------+
| 1 | 4 | 1 | 50 | 250 | 2016-05-28 | 0 |
| 2 | 1 | 2 | 20 | 80 | 2016-05-25 | 0 |
| 3 | 1 | 2 | 30 | 50 | 2016-06-01 | 0 |
| 4 | 2 | 3 | 100 | 400 | 2016-06-09 | 0 |
| 5 | 2 | 3 | 50 | 350 | 2016-06-10 | 0 |
| 6 | 1 | 4 | 50 | 200 | 2016-06-16 | 0 |
| 7 | 1 | 7 | 50 | 250 | 2016-06-16 | 1 |
+------+-------------+---------------+---------+---------+--------------+--------+
set @yyyy = '2016';
select date_format(s.date_created, '%m/%y') 'mm/yy', sum(s.payment) amount
from
(
select 1 as srce,ll.payment payment, ll.date_created date_created from tbl_loanledger ll
union select 2 ,0, concat(@yyyy,'-01-31') union select 2, 0, concat(@yyyy,'-02-01') union select 2, 0, concat(@yyyy,'-03-31')
union select 2, 0, concat(@yyyy,'-04-30') union select 2, 0, concat(@yyyy,'-05-31') union select 2, 0, concat(@yyyy,'-06-30')
union select 2, 0, concat(@yyyy,'-07-31') union select 2, 0, concat(@yyyy,'-07-31') union select 2, 0, concat(@yyyy,'-09-30')
union select 2, 0, concat(@yyyy,'-10-31') union select 2, 0, concat(@yyyy,'-09-30') union select 2, 0, concat(@yyyy,'-12-31')
) s
group by 1
results in
+-------+--------+
| mm/yy | amount |
+-------+--------+
| 01/16 | 0 |
| 02/16 | 0 |
| 03/16 | 0 |
| 04/16 | 0 |
| 05/16 | 70 |
| 06/16 | 230 |
| 07/16 | 0 |
| 09/16 | 0 |
| 10/16 | 0 |
| 12/16 | 0 |
+-------+--------+