Microfinance software: loans and repayment schedules (2026)

The verdict in three sentences

An MFI managing 200 to 2,000 borrowers on a notebook controls neither its portfolio at risk nor its collection. Microfinance software generates the schedule at disbursement, collects repayments by mobile money, alerts on every late payment and computes PAR30 in real time. For a BCEAO-regulated institution, that is the difference between steering and being dragged.

From the credit notebook to risk steering

The lending business is about lending and getting repaid. The silent danger is the portfolio at risk swelling unseen. Software turns each loan into a living schedule and each late payment into an alert.

PAR30 (portfolio at risk over 30 days late) is the key indicator. Moving it from 12 % to 7 % on a 100-million-FCFA book secures 5 million FCFA of exposed capital.

Interest rate, volume and compliance

Microfinance interest rates sit around 1.5 to 3 % per month depending on the product. The software must handle these calculations, provisioning and BCEAO reporting flawlessly.

The books and rates are 2026 orders of magnitude. At 800 borrowers, tracking due dates by hand becomes unmanageable: one forgotten due date a day is enough to degrade PAR30.

Mini case study

Aïssatou runs an MFI in Kaolack with 800 borrowers and a 120-million-FCFA book. Her PAR30 hits 12 %, meaning 14.4 million FCFA of capital at risk, partly because agents discover late payments too late.

She deploys microfinance software. Now every expected repayment triggers an SMS reminder, and each morning the agent receives the list of overdue instalments to collect first. Borrowers repay by Orange Money without travelling. In six months PAR30 drops from 12 % to 7.5 %, freeing 5.4 million FCFA of exposed capital. BCEAO reporting, which took 4 days a quarter, now generates in a few hours. The software cost is tens of thousands of FCFA a month against millions of risk under control.

FAQ

Does the software handle regulatory provisioning? Yes. It classifies receivables by lateness and applies the matching provision rates, making financial statements and BCEAO reporting reliable.

Can borrowers repay by mobile money? Yes, by Wave or Orange Money, with automatic reconciliation against the schedule. This cuts branch trips and speeds up collection, especially in rural areas.

What is PAR30 and why is it central? It is the share of the book with at least one instalment over 30 days late. It is the portfolio's thermometer: tracking it in real time lets you act before risk becomes loss.

Is the software aligned with BCEAO rules? It is designed to produce the statements and indicators expected in the WAEMU zone. The institution remains responsible for compliance, but the tool automates the required calculations and exports.

How many borrowers can it handle? From 200 to several thousand, with multiple loan officers, branches and loan products. Pricing scales with volume and number of users.

Let's talk about your project. We build your microfinance software with automatic schedules, mobile money repayment, PAR30 tracking and BCEAO reporting. WhatsApp +221 77 596 93 33.