Smart-Fin
Keep every borrower, loan and repayment in one place, with a second person to approve each loan.
For lenders and cooperatives that want clear loan records, a repayment schedule for every loan and a list of what is overdue.
What you can do
- Set the terms you lend on. Create a loan product with its monthly interest rate and the smallest and largest amount and time. Every loan uses one.
- Register borrowers and check their identity. Register a borrower, then press Verify once you have checked their identity. A loan cannot be applied for until they are verified.
- Keep each borrower's papers with their record. Use Documents on the borrower's row to store their papers next to their details.
- Enter a loan application. Choose the borrower and the loan product, type the amount and the number of months, and submit. The loan waits as Pending Review.
- Never approve your own loan. A person cannot approve a loan they entered themselves, so a second person checks it, with a verification checklist on the page.
- Get a repayment schedule when you disburse. Choose the date and press Disburse Loan. This creates the repayment schedule and makes the loan Active.
- Record each repayment. Type the amount and the method under Record a repayment, and the schedule shows each payment and its due date.
- See what is overdue, oldest first. Overdue Loans lists what needs collecting, oldest first.
Start free trial · Read the guide · All products
This page needs JavaScript for the interactive tour.