Its an application to automate the calculation of Microfinance Institutes, NGO’s and Cooperative Societies. Manage all customer loans and repayments, investments in one place. Spend less time doing admin work and more time growing your business
View loan details including repayments, loan terms, loan schedule, collateral, files, and comments. You can also print loan statements and schedule for your borrowers. Set loan fees, grace period, and penalties.
See a snapshop of the loan on one page. You can even Send SMS to the borrower.
Create savings account for your borrowers and add transactions such as deposits and withdrawals. You can also print savings statement and give this to the borrower.
The system will automatically add interest to the savings account depending on your savings product.
Charts and Reports
View detailed charts and see how your loan released and collections are changing month to month. You can also view cash flow reports and profit/loss statements.
This will allow you to instantly see your business performance through graphic charts and take informed decisions.
Now you can manage your staff like a bank! You can assign branches to your staff and give them roles such as Cashier, Teller, Operations Manager, Collector, and Branch Manager.
You can set permissions for each staff role and control what pages they can see and the branches they can operate in the admin area.
2. Chart of accounts.
3. Create Account type.
4. Admin Panel
5. Create Loan/Diposit(with pictures of member, signature & nominee)