LoanKit is cloud-based microfinance software that manages borrower records, daily and weekly repayments, penalties, field collections, member savings, and reporting in one platform, built for the way Philippine MFIs and cooperatives actually work.
Microfinance is a volume business. A single MFI can carry thousands of small, short-term loans collected daily by field officers. The challenge is keeping thousands of them accurate at once, making sure every peso collected in the field is recorded, and knowing your real portfolio and cash position every day.
One searchable record per borrower (profile, IDs, loan history, savings, and credit standing) so field officers and the office see the same up-to-date information.
Daily, weekly, semi-monthly, and monthly schedules with flat or diminishing interest. Payments recorded in the field update balances and the amortization schedule instantly, with a receipt.
Penalties accrue automatically on overdue accounts based on your rules, so late payments are handled consistently across every collector and branch.
Each collector gets a daily worklist and assigned accounts in a mobile app that works offline. At day's end, staff verify the cash turned in before it's posted, catching unrecorded or duplicate collections early.
Forced savings (Capital Build-Up) tracked per member alongside their loans, with a passbook-style transaction history.
Portfolio, collections, delinquency, and income reports stay current automatically and print to PDF, no manual tallies at month-end.
The parts of microfinance that spreadsheets can't do.
Record payments with no signal; they sync automatically when connectivity returns.
Field collections are confirmed by the office before posting, an anti-skimming safeguard.
Optional GPS pin and photo on each field payment for accountability.
Overdue accounts ranked worst-first, assignable to loan officers for follow-up.
Every branch's cash and portfolio in one owner dashboard.
Members check their balance, schedule, and payment history from their own phone.
A system that helps MFIs and cooperatives manage small loans at scale (borrower records, repayments, penalties, field collections, member savings, and reporting) for high volumes of daily or weekly payments.
Yes, built for high-volume daily and weekly collections, with an offline-capable mobile collector app.
Yes, forced savings (Capital Build-Up) per member, with a passbook-style history alongside their loans.
Penalties accrue automatically on overdue accounts; collectors work assigned accounts from the app; and staff verify field cash at the office before it posts.
Start free for 14 days. We'll migrate your borrowers and set up your loan products with you.
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