Micro Finance
Nowadays, a small section of individuals are making money by providing financing help to other individuals on the simple interest basis. Even in these digital days they still need to use the books without a proper accounting software.
We’ve solved this problem by a solution of our own in the form of Micro Finance app which helps small-scale finance firms to manage their finances efficiently. Micro Finance app is a well crafted and beautifully designed mobile application which provides a simple and efficient accounting software for small-scale finance firms.
The app can be used as a platform for money lenders and borrowers to get rid of their account books and go digital. Micro Finance helps customers to manage their finance business like a pro.
App also includes a solution for allowing the agents to collect money from the borrowers towards the loan. Any borrower in search of financial help can install the app and can directly contact the money lenders to see if they can receive any financial help. The application provides a platform for both the parties (money lenders and borrowers) to be connected and seek financial help.
App Features:
Online and Offline mode:
The app works seamlessly whether the device is connected to the internet or not. App user doesn’t have to worry about the device being connected to the internet.
Security:
Security of our customers is more important to us and that’s why data is retained securely by our app using any device and can only be given access to the data after authentication. App uses the best in industry security measures to safeguard users data.
Personal Settings:
The user can set their own default interest rate and the number of installments in settings screen and can even personalize other settings related to the app usage.
Full accounting history:
App provides the complete history of payments towards a loan made by the borrowers and calculates the remaining balances depending on the payments history. Users can check the Outstanding payment, Collection and Balance Amount for each loan/customer.
Reports:
App provides a detailed report daily, weekly, monthly, or yearly for credits, debits, profit, and loss (consolidated).
Supporting Languages:
App supports International languages English and Spanish, and Regional Languages Hindi, Telugu, Tamil.
Users who sign up with the app will be given a choice to select the mode they will be using the app for, Money Lender or Borrower.
Money Lender Mode:
When a user signs up for money lender mode they can use the borrowers' screen to add new borrowers and then make entries for the loans that are lent to each borrower. Users in money lender mode can also add Agents, who can make a collection on behalf of money lenders.
Borrower Mode:
When a user signs up as a borrower, they can see the lenders near their location and can check their loans if anything is due with money lenders, who are using the Micro Finance app. The user who signs up as a borrower can keep track of his loans with the money lender who is also using this app and can even check the full history of payments made, amount due, end date of the loan, etc.
Agents Mode:
Agents can only be added on to the system by Money Lenders. The user who was added by money lender can simply log in with the same mobile number which was used by money lender to add them as an agent. Agents can only make a collection towards a loan against borrowers who are assigned to the agent by money lender.
Category : Business
Reviews (30)
I will give it five if they make the minimum payment start from 10 not 1000 ... And to also add interest on the amount due..and other good features to add will be to verify mobile number via OTP. Add due reminder capabilities Add installment payments that will reduce the owed amount as the client pays.
Not able to recharge account. Google upi link doesn't work. Also download report in Excel is need . Not able to download. Also customer data not sorting datewise.
Excellent App - Need few Improvements... 1) 1st month deduct from principle for monthly and for weekly /daily total Interest deduct from principle 2) Reports is excel Is required for auditing purpose 3) Daily due reminder notification for the lenders 4) Ledger / day book and office expenses should be added Please consider the above points in your next update.
I tried to set the date to a year ahead on the phone but it would not let me in. What happens if your server goes down. Nothing will be saved and we can't logon (I tried to run offline)?
It could be no 1 app but some aspects need consideration like we cant delete customer, cant delete data entry after few days, every coloumn could have been different in colours.....i would change my rating to 5 🌟 if developer work's on these aspects.....
Simply good, we need some more, sort by collection time order in the report details, and report send option to the mail id, if you can pls update these,.. and one more , need a password conformation for delete loan and borrower details,..
Nice app ,easy to use,but the alert carry on only in indian currency,when notify customer about there loan been credited it is only in indian currency,edit option need to be updated along the currency alert Good work,five star for you guys
Really excellent app for mini financiers. Easy collection management and sms option also nice...Please add a feature to monthly collection as a term loan or EMI based collection...
Great and easy to use App. It would be even better if the interest amoumt owed by the borrower were to be factered into the reporting.
Loan repayment time for individual borrower are different but there is no option to set month for individual borrower.plz add the option as soon as possible otherwise it will be good for nothing.... hope your reply soon.
This app is good, but if you haven't paid your monthly interest yet, it would be great if you could add a headline that would increase your monthly interest rate.
It is fraud app. I have made payment but it didn't show payment and can't use it. so I request to everyone don't download this worst application.
Its amazing! But need some option like as, savings collection, Browsers name used multiple name use like punctuition system. then its 5 star by me ...
After paying the interest, i noticed the loan balance also reduced. It is not suppose to be so
Hi sir .... It's amazing app for us.. but please update Recuring Deposit collection and all agents all browsers mapping ... System...
need to add future payment schedule repayment report option is missing this is only thing to add then no one can beat this app great vision and thinking of developer no 1 app
Kindly include all currencies. A minimum of 1000 is too much for micro lending. App not updated. Developer ignores reviews. Moving on to another app Vyapar
Cannot use the app because it will not accept a taiwan phone# If I am mistaken, please help me understand.
Make a schedule for the specific date you collect the money. For example every 15-30 of the month. Thats what i need.
It's super app. But not edit available at principle amt when he paid earlyer int paid it less in principle amt so do some for this.
Very good, but need to have some customize option.
Evening good but need to recharge every month
Seems like a nice app but I can't be able to use it because I can't make a payment from Kenya. Somebody help me.
I can't recharge this app it shows upi limite excited .Can u help me to recharge this app
I'm unable to do entries or operations its asking again recharge after recharge also
I love the app but please add client savings and aging report including income and expenses posting to your next update
Unable to pay the subscription fees. Please help me in this regard.
interest amount not add to principal amount when clint want sattelment then interest amount not added
This app has helped me alot to manage my microloan activity. I recommend it for financial transaction such as loan repayment
This app is ok but i think you should work on it to have savings , because client is suppose to have savings aside paying their loan. Create a platform for savings.