Countries / Kenya
Loan management software in Kenya
For money lenders and microfinance companies in Kenya: borrowers checked by National ID number, phone numbers in +254 form, money in Kenyan Shilling (KSh) and reports you can hand to the Central Bank of Kenya, on a phone or a computer.
- Money
- Kenyan Shilling (KSh)
- Phone numbers
- +254, like 0712 345 678
- Borrower ID
- National ID number, like 12345678
- County
- On every borrower's address
- Plans
- From $39 a month, in US dollars
How borrowers repay
M-Pesa through your own Paybill or Till number, Airtel Money, bank transfer, and check-off (payroll) for salaried borrowers. Each payment is recorded against the right instalment, with a receipt, whichever way it came in.
Who licenses lenders
Since the Business Laws (Amendment) Act 2024, lenders that do not take deposits come under the Central Bank of Kenya as non-deposit-taking credit providers. Its regulations for them were still being finalised in 2026, so check the current rules with the CBK. Spindle Loans keeps the loan register, signed agreements, key facts and a complaints log, ready to show when you are asked.
A typical loan
Check-off loan, repaid monthly from salary: KSh25,000.00 over 3 months at 10% a month, flat, is 3 instalments of KSh10,833.33, KSh7,500.00 interest in total. This rate is only an example: you set your own rates, fees and penalties on each loan product.
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.
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