Clients
Borrowers and groups
KYC with national ID, phone, address down to the village, income and employer. Solidarity groups with members and roles. Documents, a blacklist flag and each client's full credit history.
For microfinance, SACCOs and lenders
Run your loan book end to end: from application to repayment.
Iraady Loans keeps clients, approvals, payouts, schedules, repayments, arrears and reports in one place. It speaks RWF and MoMo out of the box, and works on a phone.
The demo is a fictional lender with sample data. Pick a role and sign in with one click.
Example schedule
RWF 1,000,000 · 6 months · 2.5% a month
| # | Principal | Interest | Installment |
|---|---|---|---|
| 1 | 156,550 | 25,000 | 181,550 |
| 2 | 160,464 | 21,086 | 181,550 |
| 3 | 164,475 | 17,075 | 181,550 |
| 4 | 168,587 | 12,963 | 181,550 |
| 5 | 172,802 | 8,748 | 181,550 |
| 6 | 177,122 | 4,428 | 181,550 |
| Total | 1,000,000 | 89,300 | 1,089,300 |
Every loan follows the same path
- 01Application
- 02Appraisal
- 03Committee
- 04Payout
- 05Repayments
- 06Closed
Each step is done by the right role and written to the audit log: officers appraise, the committee decides, the accountant pays out and records payments, managers reschedule or write off.
Everything a lender needs day to day
Products
Your own loan products
Flat or reducing-balance interest, monthly or yearly rate, weekly, every two weeks or monthly repayments, processing and insurance fees deducted or added, grace periods, penalties, compulsory savings.
Approval
Appraisal and committee
Officers record income, expenses and other debts; the app works out the debt service ratio. The committee approves, rejects or sends back, with comments. The person who captured a loan can't approve it.
Payout
Disbursement by any channel
Pay out by MTN MoMo, Airtel Money, bank or cash with the transaction reference. The schedule is created at payout. Top-ups settle the old balance from the new loan.
Payments
Repayments and receipts
Record a payment in seconds. Money goes to penalties, fees, interest, then principal, oldest installment first. Overpayments go to savings. Every receipt has a PDF. Reversals keep the original and leave a trail.
Risk
Arrears and collections
Days past due, PAR 1, 30, 60 and 90, arrears aging and a daily penalty accrual. Each officer gets a collections list with phone numbers, sorted by how late the loan is.
Savings
Simple savings
A savings account per client with deposits and withdrawals. Compulsory savings for a loan are checked before payout and held until the loan is repaid.
Books
Cash book and end of day
Every franc in and out, by channel, with an end-of-day summary to check against the cash drawer and the MoMo, Airtel and bank statements.
Reports
Reports in CSV and PDF
Portfolio outstanding, disbursements, collections, PAR, income, officer performance and branch comparison, on screen or downloaded.
Made for Rwanda first
- — RWF by default, with no decimals; other currencies can be set
- — MTN MoMo, Airtel Money, bank and cash as payment channels
- — 16-digit national ID, province to village address fields
- — Group lending for savings groups and cooperatives
- — SMS reminders before due dates and when payments are late, through your SMS provider
Control and safety
- — Six roles, each limited to what it needs, and branch-level access
- — Maker-checker on approvals and on receipt reversals
- — Nothing financial is deleted: mistakes are reversed and kept
- — Audit log of every sign-in and every money movement
- — Passwords stored as bcrypt hashes; sign-in attempts are rate-limited
Six roles to try
Admin
Products, branches, staff, settings, all reports
Branch Manager
Branch portfolio, approvals, write-offs, rescheduling
Loan Officer
Clients, applications, appraisal, collections list
Accountant / Cashier
Payouts, payments, receipts, cash book
Credit Committee
Decisions on appraised applications
Borrower
Own loans, schedule, receipts and savings
Request a setup
Tell us about your institution: number of branches, clients and loan products. We set up your own private instance, load your products and help you move your existing loans in.