Loan management software
Loan management software for money lenders and microfinance
Set up your loan products once, let officers create loans in the field, and see who is late before it becomes a problem. Web, Android and iPhone.
Sign up yourself in Uganda, Kenya, Tanzania and Rwanda. Elsewhere in Africa? Talk to us.
What you get
Everything in one set of books
Any loan product
Flat or reducing-balance interest, any repayment frequency, fees and penalties set your way.
Know your borrower
ID details, credit bureau checks where available, collateral with photos, and guarantors.
Approvals that fit you
Approval tiers by amount and maker-checker on every loan, so no one can lend alone.
Pay out and collect
Disburse by cash, bank or mobile money and take repayments the same way.
PAR and arrears
Portfolio at risk, ageing, risk classes and provisioning, by officer and branch.
Capital and cash
Track lender capital, branch cash and the wallet, with the books kept for you.
For your staff
- Loan products with flat or reducing interest
- Approval tiers and maker-checker
- Collateral with photos and papers, and guarantors
- Disburse by cash, mobile money or bank
- Repayments, payoff quotes, restructuring and write-offs
- PAR, risk classification and provisioning
- Credit bureau checks and reporting (Uganda)
- Capital, wallet and branch cash
For your borrowers
- Loan balance and next instalment
- Repay or pay off from their phone
- Apply for a new loan online
- Reminders before each due date
Questions
Frequently asked questions
Can I use flat-rate and reducing-balance loans?
Yes. Each loan product has its own interest method, rate, repayment frequency, fees and penalties, and the schedule is generated when the loan is created.
Can my loan officers work from the field?
Yes. Officers create loan applications, take photos of collateral and record repayments from the Prograte app, and approvals follow the tiers you set.
Does it show portfolio at risk (PAR)?
Yes. PAR, arrears ageing and loan classification update as repayments come in, by officer, product and branch.
Which countries can use Prograte?
You can sign up yourself in Uganda, Kenya, Tanzania and Rwanda, with your books in your own currency (UGX, KES, TZS or RWF). MTN and Airtel mobile money and credit bureau checks are built in for Uganda. If you run a SACCO, lender or credit-sale business anywhere else in Africa, talk to us and we'll tell you honestly what works in your country today.
Is there a free trial?
Yes. Every plan starts with a 30-day trial, and we help you move your existing members, customers and loans in from Excel or your old system.
Does it work on phones?
Staff use the web app on a laptop or the Prograte app on Android and iPhone. Your members or customers get their own app to check balances and pay, and those without a smartphone can use USSD where it is available.
Guides
Worth reading
8 checks to make before you lend to a new borrower
A checklist for money lenders, microfinance and SACCOs: identity, credit history, ability to pay, guarantors and collateral.
Portfolio at risk (PAR) explained, with examples
What PAR 1, PAR 30 and PAR 90 mean, how to calculate them, and why PAR is a better warning sign than arrears.
See it with your own numbers
Start a 30-day trial. We'll help you move your members and loans in.