Borrowers

• Only First Name and Last Name required to create borrower
• Upload picture and files if any
• Add details such as DOB, Email, Mobile, and Address
• Send SMS and Email directly to Borrower
• Auto Send SMS and Email
• Add Loans
• Unlimited Borrowers can be added

Add Loan

To add loans, you first need to add a Loan Product which is where you set interest rates and other fields.

• Add Loan Products
• Choose from Flat Interest, Reducing Balance - Equal Installments, Reducing Balance - Equal Principal, Interest-Only loans
• Released Date, Amount, Interest %, Duration, and Repayment Cycle
• Set Grace Period
• Set Penalties for late repayment and after maturity date
• Set a different Interest Start Date
• First Repayment Date and First Repayment Amount can be manually set in Add Loan
• Add Loan Fees
• Add Loan Agreement files
• Unlimited Loans

Manage Loan

• View and print Loan Statement and Collection Schedule
• Add Repayment
• View Loan Terms and Files
• Add Comments
• Edit Collection Sheet
• Override Loan Due Amount
• Filter Loans
• Send bulk SMS to borrowers on the Daily Collection Sheet or the Overdue Loans Sheets.

Collateral Register

• Add Collateral
• Manage all Collateral in a Register

Expenses

• Add Expense
• Set Expense Type
• Upload Invoices and Receipts
• Set Recurring Expenses
• View and filter Expenses based on Expense Type

Payroll

• Add Payroll for your Staff
• Automatically Generate Payslips
• Choose Payroll Templates
• Edit Template Fields
• Set Recurring Payroll
• View and filter Payroll based on Staff name

Other Income

• Add Other Income
• Set Other Income Type
• Upload Files
• Download Receipts
• Set Recurring Other Income
• View and filter Other Income based on Other Income Type

Charts

• Loan Released Chart
• Loan Collections Chart
• Balance Sheet, Net Profit, Gross Profit, Expenses, and Payroll Charts

Reports

• Collection Report and Chart
• Cash Flow and Detailed Cash Flow
• Profit Loss Statement
• Balance Sheet

Users

• Add Staff and upload picture and files
• Set Staff Roles for each staff such as Cashier, Teller, Operations Manager, Collector, and Branch Manager
• Set permissions for each staff role and control what pages they can see

Custom Fields

• Add your own form fields to borrowers, loans, expenses, other income,collateral

Cron Jobs

• Configure the system to automatically send reports, remind borrowers or set penalties