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Financial Institution Management

Management system for non-deposit-taking microfinance institutions: loans, repayment schedules, customer savings, finance and accounting in one system.

This system is designed for non-deposit-taking microfinance institutions to manage the whole lending process: loan applications, contracts, opening loan accounts, disbursement, collecting instalments and closing loan accounts. Every transaction flows automatically into finance and accounting.

The system works in LAK, supports fixed and variable loan interest, charges late-payment interest (penalties), and keeps customer savings without interest.

Key features

Customer records, loan applications and loan contracts (print blank or pre-filled forms)
Open loan accounts, disburse loans and transfer to the customer's savings account
Create repayment schedules and collect instalments by schedule or when customers pay
Daily debt follow-up, loan-loss provision reports and loan classification
Customer savings accounts: open, deposit and withdraw
Finance: income and expenses, bank deposits and withdrawals, cash reports
Accounting: journal, general ledger by account type, trial balance and year-end closing
Reports: balance sheet, income statement, loans by business sector
User management, data backup, and locking or unlocking records

Suitable for

Non-deposit-taking microfinance institutions
Organizations or projects that provide credit services and revolving funds

What you need

Your current repayment schedule
Interest rates and late-payment interest rates
Policy on overdue loans (bad debts)
Computer and printer

Screenshots

Documents

System overview (PDF, Lao)

Interested in this product? Contact us for advice or a live demonstration.