Loan management software for Namibian lenders
Run the whole loan in one place: the application, the affordability and fraud checks, the NAMFISA agreement, the payout, and every repayment until it closes. Built in Namibia, for the rules Namibian lenders are actually held to.
What a lender actually has to keep track of
Most microlenders in Namibia start on a spreadsheet and a folder of printed agreements, and it holds up until the book grows. Then the questions get expensive: which loans are in arrears this morning, whether that applicant already owes money somewhere else, where the signed agreement from March went, and what to send NAMFISA at the end of the quarter. Every one of those is a lookup across files that do not know about each other.
Loan management software answers them from one record. LendCore keeps the borrower, their documents, the assessment, the signed agreement, the schedule and every payment on the same loan, so the answer is a screen rather than an afternoon.
Built around NAMFISA, not adapted to it
This is where imported software tends to fall down. LendCore enforces the interest and fee caps when a loan product is set up, so a loan that would breach them cannot be created at all, rather than being caught later in a review. The agreement uses the NAMFISA memorandum wording. Affordability is assessed and recorded on every application, and the registers and returns an examiner asks for are produced from the same data the loans run on, not rebuilt by hand each quarter.
What is included
Your own public site
Branded to you, where borrowers apply, upload documents, sign and check their balance from a phone.
Affordability and fraud checks
Every application scored against declared income and existing commitments, and screened for repeated IDs, altered documents and income that does not match the bank statement.
Credit bureau, both ways
Submit your book, and pull a borrower record during assessment so you see what they already owe before you lend.
Collections that match reality
Debit orders through a payment gateway and manually recorded payments land on the same ledger, because a repayment is a repayment however it arrived.
Documents and KYC
ID, payslip and bank statement collected, checked and kept against the borrower, then reused on their next loan instead of asked for again.
Reporting you can hand over
Portfolio at risk, arrears ageing, collections, deferred income and branch performance, from the same data the loans run on.
Questions lenders ask
What is loan management software?
It is the system a lender runs the whole loan on: capturing the application, checking whether the borrower can afford it, approving or declining, producing the agreement, disbursing, then tracking every repayment until the loan closes. Done on paper or in spreadsheets, each of those steps is a separate file and a separate chance for something to go missing. In one system they are one record.
Is LendCore built for NAMFISA rules?
Yes, and that is the point of it rather than a feature bolted on. Interest and fee caps are enforced when a loan product is set up, so a loan that would breach them cannot be created in the first place. The agreement uses the NAMFISA memorandum wording. Affordability is assessed and recorded on every application, and the returns and registers an examiner asks for come out of the system rather than being rebuilt by hand each quarter.
Do my clients get their own website?
Yes. Every lender on LendCore gets a public site under their own branding where borrowers apply online, upload documents, sign the agreement and check their balance. It works on a phone, which is where almost every Namibian applicant actually is.
Can it check affordability and fraud automatically?
Yes. Every application is scored for affordability against declared income and existing commitments, and screened for the patterns that show up in fraud: the same ID or bank account appearing across applications, documents that have been altered, income that does not match the bank statement. You still make the decision; the system makes sure you are making it with the facts in front of you.
Does it connect to a credit bureau?
Yes. LendCore submits your book to the bureau and pulls a borrower record back during assessment, so you can see what someone already owes elsewhere before you lend to them.
How do repayments get collected?
By debit order through a payment gateway, by recording a manual payment, or both. They land on the same loan ledger, because a repayment is a repayment however it arrived. Arrears, collections and write-offs all run off that one ledger.
How much does it cost?
A flat fee per active loan per month, first month free, with every feature included. There are no tiers and nothing is locked behind a bigger plan; a smaller book simply costs less.
How long does it take to start?
You can be capturing loans the same week. Existing borrowers and loans can be imported, and we set up your products, fees and branding with you, so the first loan you capture is already correct.
More on the full FAQ and the pricing page.
See it on your own book
First month free, every feature included, and we set up your products and branding with you.
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