Countries / Malawi

Loan management software in Malawi

For money lenders and microfinance companies in Malawi: borrowers checked by National ID number, phone numbers in +265 form, money in Malawian Kwacha (MK) and reports you can hand to your regulator, on a phone or a computer.

Money

Malawian Kwacha (MK)

Phone numbers

+265, like 0991 234 567

Borrower ID

National ID number, like AB1C2D34

District

On every borrower's address

Plans

From $39 a month, in US dollars

A MK300,000.00 loan at 10% a month, flat, over 3 months: three instalments of MK130,000.00, MK90,000.00 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.