Countries / Eritrea

Loan management software in Eritrea

For money lenders and microfinance companies in Eritrea: borrowers checked by ID document number, phone numbers in +291 form, money in Eritrean Nakfa (Nfk) and reports you can hand to your regulator, on a phone or a computer.

Money

Eritrean Nakfa (Nfk)

Phone numbers

+291, like 07 123 456

Borrower ID

ID document number

Region

On every borrower's address

Plans

From $39 a month, in US dollars

A Nfk3,000.00 loan at 5% a month, flat, over 3 months: three instalments of Nfk1,150.00, Nfk450.00 interest. The rate is only an example: you set your own.

Reminders and receipts can go out by text through a provider in your country, which we connect for you. You pay for Spindle Loans in US dollars by bank transfer; your system opens the day the money arrives.