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NovaGen Development
Custom Software

Loan Management System

A microfinance lending platform handling registrations, guarantor rules, configurable interest and daily, weekly or monthly collection cycles.

Client
Microfinance Lender
Category
Custom Software
Delivered
2020
Status
In production
Loan Management System

The brief

Microfinance in Sri Lanka runs on rules that vary by lender and change with the market: how much any one guarantor may back, the ceiling on new lending in a month, whether interest accrues daily, weekly or monthly. Hard-coding those guarantees a rewrite within the year. We put them in a configuration screen the lender controls — asset thresholds, maximum loan, monthly lending cap, loans per guarantor, and a default interest rate for each collection cycle. The lending workflow then enforces whatever is configured, so a policy change is an afternoon of admin rather than a development request.

What we built

  • Borrower and guarantor registration with asset records
  • Configurable daily, weekly and monthly interest rates
  • Maximum loan, monthly total and loans-per-guarantor limits
  • Loan approval process with staged workflow
  • Collection tracking, payments and arrears reporting
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Let's build something worth showing off.

Tell us what you are trying to solve. We will come back with an honest assessment, a realistic timeline and a fixed estimate — usually within one business day.

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Minuwangoda, Sri Lanka