Lending Software in Tanzania

Jisort

Jisort Cloud System is a loans and savings management system, popular among SACCOs, Micro-Finance Institutions (MFIs), Groups/Chamas, Credit Companies among other institutions.

It is an all round system that financial institutions use to manage their operations such as member accounts and loan management. Among the features in Jisort for loan management are;

Creation of loan products
Loan Application
Loan approval and disbursement
Debt collection
Payment reminders through text and/or email

Users are billed $25 monthly. Visit https://www.jisort.com/ for more functionalities by the Jisort System.

Movetec

The software serves clients not only in Tanzania but the rest of east africa. Some of its features include;

SMS alerts on every transaction
Loan appraisal and processing
Grouping users according to their roles
Unlimited members
Balanced, statements and other reports
Unlimited number of users at a time

For more visit; https://tanzania.movetechsolutions.com/sacco-management-software/

Musoni System

This is a cloud based core banking system that supports Saccos, Microfinance Institutions among other financial institutions. Set up of the system takes up to 4 weeks, however, for organizations that are starting up, they go live within a day.

The loan management module can be customized to suit an organization’s needs. Some of its features are;

Loan products
Interest calculation method
Loan Charges
Loan application and disbursement
Repayment reminders
Loan repayment, among others

For more on musoni system, visit; http://musonisystem.com/

Loan Book

Loan Book is a simple lending application designed to meet the needs of small and medium lenders such as peer to peer lending and Chamas. It’s simple interface makes it possible for lenders to manage their clients’ accounts with the much needed ease. Additionally, the application is free for one user, while more users are charged.

Features include;