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.
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.
We evaluated many systems and are happy to have chosen Turnkey Lender.
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.
We evaluated many systems and are happy to have chosen Turnkey Lender.
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.
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.
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.
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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%.
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.
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.
Industries we serve
On average, here is the difference Turnkey Lender made for our clients:
has grown by
283%
has grown by
49%
has grown by
67%
origination, underwriting, collateral, servicing, collection and reporting. Request a Demo
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.
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