Frain Microfinance (based on PHP and Mysql framework) is a seamless savings and loan management system built with ease of use in mind, and to streamline all aspects of the microfinance banking industry with less cost and in no time. Main features include savings account, loan management, up to four different loan products with declining and or flat interest rate calculation, savings and interest management, loan amortization/breakdown, default penalty, appealing customer and admin interface, easy messaging and accounting system. Feel free to download and start using this app.
§ Admin interface
§ User/Customer interface
§ Savings account and interest management
§ Loan management
§ Up to four different loan products
§ Declining and or flat interest rate calculation
§ Loan amortization/breakdown
§ Defaulter penalty and roll over
§ Appealing customer and admin interface
§ Easy messaging system
§ Seamless date-wise/monthly/yearly accounting system
§ View all customers
§ Add new customer
§ Update customer info
§ Approve/decline deposits requests from users
§ Approve/decline withdrawal
§ Adds new deposit (credit) or withdrawal (debit) with optional comment
A regular license allows an item to be used in one project for either personal or commercial use by you or on behalf of a client. The item cannot be offered for resale either on its own or as part of a project. Distribution of source files is not permitted.
An extended license allows an item to be used in unlimited projects for either personal or commercial use. The item cannot be offered for resale "as-is". It is allowed to distribute/sublicense the source files as part of a larger project.