Software for microfinance

All-inclusive solution for microfinance with customizable workflows and risk policies

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The product has the vast majority of the functionality right out of the box, was easily integrated with a credit agency to pull FICO scores and the support team did an outstanding job making our requested customizations.

Christopher Reed
Principal
Shepard Capital Partners
USA

eny Finance is fully satisfied with the Turnkey Lender solution and its reliable team. I’m happy to recommend Turnkey Lender lending solution and services.

Bonart Kerimi
CEO
eny Finance AG
Switzerland

We evaluated many systems and are happy to have chosen Turnkey Lender.

Bill Hilliard
CEO
EcoVolt Finance
USA

For me, as the owner of a start-up lending company, it was a little unusual to use this type of product for my business. But, as they say, "Time is money!" That's why it is important for me to use a solution like Turnkey Lender.

Robert Farmer
Owner
QuickPound

We evaluated many systems and are happy to have chosen Turnkey Lender.

Bill Hilliard
CEO
EcoVolt Finance
USA

For me, as the owner of a start-up lending company, it was a little unusual to use this type of product for my business. But, as they say, "Time is money!" That's why it is important for me to use a solution like Turnkey Lender.

Robert Farmer
Owner
QuickPound

eny Finance is fully satisfied with the Turnkey Lender solution and its reliable team. I’m happy to recommend Turnkey Lender lending solution and services.

Bonart Kerimi
CEO
eny Finance AG
Switzerland

The product has the vast majority of the functionality right out of the box, was easily integrated with a credit agency to pull FICO scores and the support team did an outstanding job making our requested customizations.

Christopher Reed
Principal
Shepard Capital Partners
USA

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Opportunity

Software for microfinance: demand will grow by 30%

Accelerated growth of the industry over the past 15 years has reached nearly 130 million clients. Yet microfinance still is available ro less than 20 percent of its potential market among the world’s three billion or more poor. According to Microfinance Market Outlook, global microfinance markets will grow on average by 10%-15%. The highest growth rates will come from the Asia Pacific region with percentages as high as 30%.

for-microfinance-opportunity
for-microfinance-obstacle

Obstacle

Microbanking software solution: risk management with thin credit reports.

The microfinance industry requires stringent reporting to ensure transparency on tax filings and stakeholder reviews. This can be especially challenging when financial accounting is not your core business. In addition you’ll need to manage credit risk in emerging markets with few established resources for credit reporting.

Solution

Managed, specialty micro-lending software system

At Turnkey Lender we share your passion for people with vision and initiative, but limited resources, who are working hard to bring their original ideas to life. As a micro-financier who extends one tiny loan at a time, you already know the strong, positive impact you’re making on the economies of local communities underserved by traditional banks. Turnkey Lender would like to support your admirable efforts with an MFI (microfinance industry) software and management system that’s already the lending software standard with credit cooperatives, credit unions and micro finance organizations across Europe, Asia, Africa and Latin America.

Fully automated software for microfinance

Lending automation for microfinance organizations

Turnkey Lender’s customizable workflows allow you to adjust decisioning flow and business rules. Be nimble in the rapidly changing world of microfinance!

Automated risk assessment

With our credit scoring models for microfinance organizations, you can accurately assess credit risk. You can develop risk-based pricing that will attract borrowers and improve profitability.

Real-time reporting for credit risk management

Credit risk reports ae designed to help you mitigate risks considering your microfinance environment and your individual needs.

We offer 14-days free trial. Upgrade or downgrade any moment. Request Free Trial Now

Advantages compared to other microbanking software

Time to market

With Turnkey Lender you will optimize portfolio yield by working only with the most profitable customers. Predictive models will help you identify best rate and loan term.

Increased operational efficiency

Act fast by taking the right decisions, supported by artificial intelligence. You’ll see fewer manual reviews and more first pass approvals.

Modular architecture

Turnkey Lender works as a web app, so you can log in from anywhere and work on processing loan applications. There is no need to manually install software on all the desktop computers of your team members.

Powerful credit decisioning

Our clients use our software for a payday loan, student loans, auto loans, crowd sourced and peer-to-peer loans. We support micro lending in emerging economies and engage in complex credit bureau eco-systems.

IT support and customer service

We offer full technical support and we are always here to answer any questions. Our experts will guide you through every step of set up and customization process.

Fraud prevention

Our product is built out of units. You can start small and extend functionality later on. As you grow, the tool will grow with you! Modular approach makes us affordable for solo online lenders and mid-size financial institutions.

On average, here is the difference Turnkey Lender made for our clients:

Operational efficiency
has grown by

283%
Total portfolio profitability
has grown by

49%
Client lifetime value
has grown by

67%
See how we automate every step of online lending:
origination, underwriting, collateral, servicing, collection and reporting.
Request Free Trial Now

from Turnkey Lender Blog

2018: New payday rules, new era for savvy lenders

It looked like new payday loan regulations were set in stone when the CFPB (Consumer Financial Protection Bureau) published their Final Rule on Payday, Vehicle Title and Installment Loans in the Federal Register on November 17, 2017. These restrictive new rules have an effective date of January 16, 2018, and a compliance date of August 19, 2018. Hang on…not so fast.

read full article