{"id":3905,"date":"2021-03-11T07:18:12","date_gmt":"2021-03-11T07:18:12","guid":{"rendered":"https:\/\/www.jisort.com\/?p=3905"},"modified":"2021-03-11T07:18:12","modified_gmt":"2021-03-11T07:18:12","slug":"lending-engine","status":"publish","type":"post","link":"https:\/\/www.jisort.com\/blog\/lending-engine\/","title":{"rendered":"Lending Engine: What You Should Know"},"content":{"rendered":"\n<p>Money is an important asset. From money, one can acquire many other resources. However, there is a lending engine that eases all these processes.<\/p>\n\n\n\n<p>&nbsp;Each day we use the money for different reasons. Having a way to earn extra time is very important.&nbsp;<\/p>\n\n\n\n<p>There are many businesses one can start and earn a good dime. However, lending is a great way to start.&nbsp;<\/p>\n\n\n\n<p>It is flexible and one can start it from anywhere. However thorough research is crucial in making the business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What is Lending?<\/strong><\/h3>\n\n\n\n<p>This is the process where a lender credits a borrower. A borrower however has to accept the terms the lender has set before being credited.<\/p>\n\n\n\n<p>It is a two-way transaction since the lender expects the borrowed assets paid in extra. This means that the borrower has to pay a small fee (Interest).<\/p>\n\n\n\n<p>It can be between an individual to an individual, or the organization and vice versa.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Is Lending legal?<\/strong><\/h3>\n\n\n\n<p>Yes, it is governed by certain countries\u2019 laws. However, it ought to be registered before one commences operations.<\/p>\n\n\n\n<p>One also has to come up with their organization\u2019s laws on lending. Also, the rates shouldn\u2019t surpass the country\u2019s rates.<\/p>\n\n\n\n<p>One should also be careful before lending; there are many malicious people.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How does lending work?<\/strong><\/h3>\n\n\n\n<p>As a two-way transaction, both parties have to agree on the terms. The lender gives the money to the borrower which then the borrower has to pay as per agreed terms.<\/p>\n\n\n\n<p>Well, the lender also has to keep tabs on the borrower when they overdue in payments. An extra charge is incorporated (default fee).<\/p>\n\n\n\n<p>So before lending and borrowing always have a plan to help you in case one of the parties fails or is due on payments.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Is lending profitable?<\/strong><\/h3>\n\n\n\n<p>Yes, one of the lucrative businesses. Lenders earn from just giving money. Once you lend the payments are extra.&nbsp;<\/p>\n\n\n\n<p>This means that the borrower has to pay interest as per agreed terms. Also one can get money from due loans.<\/p>\n\n\n\n<p>There is also collateral that one pays if they fail to pay the loans. It is a flexible and money-earning business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>When to start lending?<\/strong><\/h3>\n\n\n\n<p>Now is the best time. Why?<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.jisort.com\/how-to-start-money-lending-in-uganda\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lending is lucrative<\/a>&#8211; from just giving money you earn money.<\/li><li>It is flexible- one doesn\u2019t<a href=\"https:\/\/www.jisort.com\/digital-lending-platform\/\" target=\"_blank\" rel=\"noreferrer noopener\"> need an office to start lending<\/a>, also one can receive or disburse money from many platforms.<\/li><li>Money is scarce- one can\u2019t lack clients to lend to.<\/li><\/ul>\n\n\n\n<p>Having a <a href=\"https:\/\/www.olitt.com\/blog\/how-to-start-lending-business\/\" target=\"_blank\" aria-label=\"undefined (opens in a new tab)\" rel=\"noreferrer noopener\">plan and budget <\/a>will help you grow in this business. Of course one also needs to consider the risks involved. One however can manage the risks with a lending engine.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is a lending engine?<\/strong><\/h2>\n\n\n\n<p>&nbsp;Well, it is software that helps lenders, banks, credit unions, and other financial institutions ease the process of lending.<\/p>\n\n\n\n<p>They help in keeping transaction records, producing reports and business statements. It is an effective lending tool.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>So why use a lending engine?<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>To increase efficiency- since it helps with reports and statements one is able to budget and plan ahead.<\/li><li>It is an all-in-all platform- manage all your clients fast and easily from one platform.<\/li><li>Flexibility- choose when and what to share with your employees as well as your clients.<\/li><li>Tracking is fast- well all <a href=\"https:\/\/www.jisort.com\/member-registration\/\" target=\"_blank\" rel=\"noreferrer noopener\">members have to register on the system<\/a>, one can track all loans and their payments.<\/li><\/ul>\n\n\n\n<p>Of course, lending engines have come to ease transactions, they have also boosted businesses. One can easily manage all their clients\u2019 data and transactions safely.<\/p>\n\n\n\n<p>They too have become affordable.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Where to get a lending engine?<\/strong><\/h4>\n\n\n\n<p>No need to search anymore; here is the best lending engine: Introducing <a href=\"https:\/\/www.jisort.com\/\" target=\"_blank\" aria-label=\"undefined (opens in a new tab)\" rel=\"noreferrer noopener\">Jisort<\/a>. Web-based software for all financial institutions.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>What is Jisort?<\/strong><\/h4>\n\n\n\n<p>It is a <a href=\"https:\/\/www.jisort.com\/top-loan-management-software-in-czechia-czech-republic\/\" target=\"_blank\" rel=\"noreferrer noopener\">loan management software<\/a> used by SACCO, Microfinance, Chamas, and other Community-Based Organizations.<\/p>\n\n\n\n<p>It helps manage client information, transactions and generates reports and financial statements needful for the organization.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/db8qZzpNL_tzoa5h6Fo2hw5ktoqQujE45BeAXfduAKIRm3O-cCDWXRQVQt5y257_SUOOcFK9MdL1rIRfZBkfrdnaHQ5iYPqcujCdb-leV22zU_qXQNwD8hMGIQgb2ugTS1twZ4S_\" alt=\"Jisort Lending Engine\" title=\"\"><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>How does Jisort work?<\/strong><\/h4>\n\n\n\n<p>As a web-based software, this means transactions and data are managed over the internet.<\/p>\n\n\n\n<p>Jisort offers an alternative real-time integrated banking channel that allows Financial Institutions to offer banking services with minimum cost.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.jisort.com\/mpesa-integrated-sacco-system\/\" target=\"_blank\" rel=\"noreferrer noopener\">system is fully integrated<\/a> and supports:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Banks<\/li><li>M-Pesa<\/li><li>PesaLink<\/li><li>Credit Refernce Bureus<\/li><li>Vodacom<\/li><li>Tigo&nbsp;<\/li><li>Among others.<\/li><\/ul>\n\n\n\n<p>Jisort has been up and running for over 6 years and has helped thousands of clients both local and international.<\/p>\n\n\n\n<p><strong>Here is a Demo of the system:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/UEgVr4mqqDZjwmZcYtiACYbK4P6iPMvvbN7c8ORDCcYNG7PwUgTDC3svtZB2mpyB9MBTCpiyvNpMdlatFevdU4C9rGOmui8gvz20yB47kOgC5qsQ64xM5zPYsdY6D_SeEaJzksKQ\" alt=\"Jisort System Demo\" title=\"\"><\/figure>\n\n\n\n<p><strong>From the demo:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The system is an all-in-one platform- this means that it is easy to <a href=\"https:\/\/www.jisort.com\/the-easy-loan-management-tool\/\" target=\"_blank\" rel=\"noreferrer noopener\">manage<\/a> all your clients\u2019 data and transactions easily.<\/li><li>User-friendly- the system is easy and very navigable from any device.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Why use Jisort?<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>User-friendly- one doesn\u2019t need special skills to use the system. Besides, it is an all-in-one platform.<\/li><li><a href=\"https:\/\/www.jisort.com\/pricing\/\" target=\"_blank\" aria-label=\"undefined (opens in a new tab)\" rel=\"noreferrer noopener\">Affordable<\/a>&#8211; for as low as $20 one is able to manage all their clients in one place.<\/li><li>Reliable support- the support team is always ready to help whenever one runs into issues.<\/li><li>Many payment gateways- easy to disburse or receive payments from clients without hassle.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/www.jisort.com\/jisort-banking-software-as-a-microfinance-system\/\" target=\"_blank\" rel=\"noreferrer noopener\">Jisort is the best system<\/a> to use. Get the <a aria-label=\"undefined (opens in a new tab)\" href=\"https:\/\/my.jisort.com\/signUp\/\" target=\"_blank\" rel=\"noreferrer noopener\">Jisort System now<\/a>!&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.jisort.com\/how-to-grow-a-money-lending-business\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lending is a risky business<\/a> but with risks come great rewards. One needs a lending engine to help manage all clients\u2019 data and transactions.<\/p>\n\n\n\n<p>Planning is key for all businesses. Also one needs to have a budget with which it helps manage assets and keep the <a href=\"https:\/\/www.jisort.com\/bulk-sms-in-e-commerce-6-ways-to-grow-your-business\/\" target=\"_blank\" rel=\"noreferrer noopener\">business growing<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Money is an important asset. From money, one can acquire many other resources. However, there is a lending engine that eases all these processes. &nbsp;Each day we use the money for different reasons. Having a way to earn extra time is very important.&nbsp; There are many businesses one can start and earn a good dime. [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":3906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[214],"tags":[],"class_list":["post-3905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lending-business"],"blocksy_meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.jisort.com\/blog\/wp-json\/wp\/v2\/posts\/3905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jisort.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jisort.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jisort.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jisort.com\/blog\/wp-json\/wp\/v2\/comments?post=3905"}],"version-history":[{"count":0,"href":"https:\/\/www.jisort.com\/blog\/wp-json\/wp\/v2\/posts\/3905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jisort.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.jisort.com\/blog\/wp-json\/wp\/v2\/media?parent=3905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jisort.com\/blog\/wp-json\/wp\/v2\/categories?post=3905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jisort.com\/blog\/wp-json\/wp\/v2\/tags?post=3905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}