Microfinance (MFI) Software System for Microlending Business
As a micro-financier you already know the strong, positive impact you’re making on the economies of local communities that are underserved by traditional banks. Turnkey Lender is here to support your admirable efforts with an MFI (microfinance industry) software and management system designed to control operational costs as you grow your portfolio. Our micro finance software system is already a standard with credit cooperatives, credit unions and micro finance organizations across Europe, Asia, Africa and Latin America.
Comprehensive, User-friendly Package
This is a complete system that’s easy-to-install, easy-to-learn and easy-to-use. Plus it’s adaptable and affordable. Our all-in-one MFI system leverages microlending software that’s specially designed to meet your unique business and reporting requirements, including: loan origination processing, loan servicing, management tracking and reporting, accounting and delinquent payments management. And it easily integrates with external systems like credit reporting bureaus for real time updates.
Small Loan Software With Big Bank Features
The microfinance industry has become an investment opportunity for social entrepreneurs as well as big institutional investors. They look for innovation, smart use of technology, better business operations models and detailed reporting. Turnkey Lender provides the level of automation, loan origination and servicing systems as well as transparent reporting you need to maintain solid, long-term relationships with all your external stakeholders. Plus we’re constantly evolving the platform with upgrades and all new releases to make sure your microfinance package is always state-of the art.
Here are some of the key factors to consider when choosing a microfinance software system that delivers long-term benefits to your MFI lending operation.
It’s important to get your staff up-to-speed quickly to get the most from your new system. The Turnkey Lender platform provides an all-in-one loan origination and servicing system, so there’s no need for the IT department to integrate separate software into the existing origination platform. And our intuitive workflow acts like a built-in training tool.
IT support and customer service is available 24/7 to answer all your implementation and training questions getting you up-and-running fast.
Automation & Workflow
Turnkey Lender was created with the end-user in mind. It creates efficiencies by automating multiple mundane tasks, so your loan servicing managers can focus their best efforts on high level evaluation & decision tasks. Your business and your servicing managers are individuals. We start with a rules based foundation system with pre-sets based on lending industry best practices – that’s easily customized to meet individual needs.
Comprehensive Software Functionality
- Automated decision-making and borrower evaluation cycle
- Automated calculation of optimal loan parameters: loan amount, term of the loan, interest rate, etc.
- Customer risk segmentation
- Flexible management of the lender’s credit rules, credit policies and scoring models
- Remote access for distributed sales points
- Setting individual evaluation processes for different products, portfolio segments and business lines
- Evaluating the efficiency and adequacy of the loan origination system’s performance and staff productivity
- Ability to swiftly adjust credit policy (new lending rules, changes in lending rules, appropriate risk margin)
- Digital statement capability to supplement or even replace high cost paper statements
- Automatically tracks all interactions between lender and borrower, including payment history and customer service queries
- Automatically updates borrower credit bureau data
- Push communications via SMS, text and/or email for account alerts and payment reminders
- Customers can upload documents for fast, easy application review
- Customers can make payments via direct debits and auto-pay features
Interface & Integration
Simplicity is key when you’re designing a software solution that creates measurable efficiencies. The Turnkey Lender interface is clean and clear. It was designed to be understood intuitively with little or no cross reference to cumbersome manuals or pop-up screens. It easily integrates with multiple outside providers, so all the loan servicing tasks can be completed without the need to exit the loan servicing environment. This outside vendor integration also allows numerous data fields to be auto-populated, saving substantial time and energy by reducing the need for manual data re-entry. This process also reduces processing time by reducing human error during the data re-entry process.
IT Support & Customer Service
As a small to mid-size lender you don’t often enjoy the luxury of an internal IT department that manages all your technology needs in real time. At Turnkey Lender you (and your customers) get the next best thing. A team of technical professionals who are on-call and at your disposal 24/7 via online chat, email, live telephone call, or online Q&A. Whatever communication channel works best for you.
One with all the functionality reserved for big financial institutions, but specially designed for a small to mid-size lender?