01
The pipeline, one column per stage
Submitted, under review, waiting on guarantors, in appraisal, at the committee and disbursed: the loans office sees where every application stands.
Loans: Loans with guarantors and a credit committee, built in
Loan products with their own limits, guarantors, appraisal and a credit committee, then the schedule, the repayments and the arrears.
No extra charge. Free instant access, no credit card required.
Works with
Members & Shares
Savings
02
Appraisal with the numbers in front of you
The requested amount against the member's eligible limit, the processing and insurance fees, the net disbursement and the monthly instalment, before anyone approves.
03
The loan and its schedule
Principal, interest, what is paid and what is outstanding, with the full repayment schedule and what was paid against each instalment.
04
Guarantors who can actually cover it
A guarantor can pledge up to their savings times the product's guarantor factor, less what they already guarantee on running loans. Each guarantee is accepted before the loan moves on.
05
Arrears on one list
Every loan behind on its schedule, with the amount in arrears and the days since the oldest missed instalment.
06
Products with their own rules
Minimum and maximum amount and term, the rate and interest method, the borrowing multiple of deposits, guarantors and the committee threshold, product by product.
See it running
More screens from the app
Real screens from the running product.
What's inside
Everything in Loans
9 items in 3 areas, every one shipping with the app today.
Loan products
- Limits and termsA minimum and maximum amount and term for each product.
- Borrowing multipleThe limit is a multiple of the member's deposits, three times by default.
- Membership periodA member must have been in the SACCO a set number of days before borrowing on a product.
- Interest methodReducing balance with equal instalments, or a flat rate.
Repayments
- Check-off or mobile moneyEach repayment is recorded with its method and split into principal and interest.
- Completion and write-offClose a repaid loan, or write one off with the reason on record.
- Several products at onceA product can allow a member to hold another running loan, or not.
The credit committee
- Committee thresholdLoans above a set amount go to the committee before they can be approved.
- Approval trailWho reviewed, appraised and approved an application, and when, stays on it.
Works with
What Loans works with
Loans shares one database with the rest of the SACCO Suite and BridgeERP: these are the apps it already talks to, with nothing to buy in between.
Builds on
Loans needs these to run; they come with it in the same plan.
Feeds
Records created here flow straight into these apps, with no export and no import.
Bank CollectionsPaybill deposits credited to the member as the bank reports them, STK push prompts, and a review queue for anything unmatched.
Member PortalMembers join online, check balances, deposit, repay, apply for loans and answer guarantor requests from any phone.
SACCO AccountingEvery deposit, disbursement, repayment, share purchase and fee posted to the general ledger through the SACCO journals.
Reports & DashboardThe SACCO dashboard, member statements, the loan portfolio report and savings, loans and income analysis.
And the wider platform
Any BridgeERP app can join the same database.
AccountingFull double-entry accounting, bank reconciliation, assets, budgets and statutory reports.
ExpensesEmployee expense claims with receipt capture and reimbursement.
InvoicingCustomer invoices, vendor bills, payments and tax handling.
SignSend documents for legally binding electronic signature.
SubscriptionsRecurring contracts, automatic renewals and MRR reporting.
EmployeesEmployee records, contracts, attendance, skills, appraisals and referrals.
In the suite
More SACCO Suite apps
Put Loans to work
Add it to your SACCO Suite plan, priced per member, or start a free trial and see it running first.