Savings and loan accounts, deposits, withdrawals and repayments for microfinance.
For microfinance institutions, savings groups and small lenders. It keeps customers, savings accounts and loans in one place, so staff can record money in and out instead of using paper ledgers. Each account and loan has its own running record.
Set up your Branches, Account Types and Loan Products first.
Add the person under Customers and open an account under Accounts.
Press Deposit, Withdraw or Transfer on the account page for each movement.
Create the loan under Loans, then press Disburse to pay it out.
Press Take Repayment on the loan page whenever the customer pays.
Core Banking shares customers, products, staff and the books with everything else — no exporting, no typing twice.
Open your account and send your first invoice in 5 minutes.
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