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Also serving Alleppey
Alappuzha's farmers, fishermen and coir workers borrow from cooperative societies and local finance firms that still keep ledgers by hand; lending software on ERPNext tracks each loan properly.
Official ERPNext Partner · 100+ ERP projects · Since 2011
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A clerk works out interest on a part-paid loan with a calculator and a diary.
The schedule accrues interest, penalty and rebate on its own, and the borrower gets a printed statement.
A farm loan shows as overdue every month until the harvest money finally arrives.
The product carries a moratorium and a season-linked due date, so the ageing report tells the truth.
Field collections are written on receipt books and entered at the branch next morning.
Each payment is recorded on the spot with time and place, and the loan ledger updates at once.
Credit in Alappuzha is local and personal. A Kuttanad farmer takes a crop loan from the service cooperative before sowing and repays after the procurement money arrives. A fisherman borrows for nets and an outboard engine. Coir workers' societies, small finance firms, gold loan branches and chit operators fill the towns from Cherthala to Kayamkulam. Many still run on ageing software or paper ledgers.
Acube's loan and lending solution is built on ERPNext and the Frappe Lending app. It covers loan products, applications and KYC, approval workflows, disbursal, repayment schedules, interest and penalty accrual, collateral records, mobile field collection and NPA reporting, with every entry posting to the general ledger. For an Alleppey lender the appeal is loans and accounts in one system, with no per-user licence fee.
Case studies
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MultiWealth Capital
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Della Fashions
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An example
A service cooperative near Aryad lends to farmers before sowing. The loan is created from a product that expects nothing back until the paddy is sold, so through the growing months the ageing report stays quiet. When procurement payments reach the farmers, the clerk posts a batch of repayments against the season's loans on one screen, and each borrower's interest is worked out to the day. A farmer who paid half in advance asks for a statement at the counter; it prints while he waits. The secretary's board report that evening shows closed loans, live ones and the few that need a visit.
We begin by studying your loan products, by-laws or board policy, and the reports your auditor and regulator require. Existing accounts are migrated with balances checked borrower by borrower. Training is held at your branch in Alappuzha for counter staff and field collectors. Our Kochi team supports the system afterwards and configures new schemes as the board introduces them.
Discovery. Your loan products, interest methods, collection routine and reporting.
Blueprint and fixed scope. A clear plan, the deliverables and the timeline, agreed in writing before configuration starts.
Configuration. Loan products, schedules, disbursement, repayment, collections and the books behind them.
Data migration. Borrowers and running loans with their schedules and outstanding balances.
Training, go-live and support. Your team tests on real data, we stand beside you at launch, then support continues under a plan.
The scope and timeline are agreed in writing before work starts.
Lenders to Kuttanad paddy farming
Crop loan products tied to the sowing and harvest cycle, member-wise limits, land and crop particulars on the loan record, bulk posting of repayments when procurement money arrives, and overdue reports by polder or ward.
Seafood and inland fisheries credit
Loans for boats, engines, nets and fish farming with the asset recorded as security, repayment by season, and society-level reports for fishermen's cooperatives that lend to members and sell their catch.
Coir societies and small finance firms
Small working capital and personal loans, gold loans with pledge details and valuation, daily collection routes, reminders by message, and NPA ageing prepared for the board and the auditor.
The platform serves NBFCs, microfinance institutions, cooperative banks and credit societies, and gold loan lenders. For a society we configure member records, share capital links and the particular returns you file. We review your statutory formats before confirming the fit.
Yes. Pledged ornaments are recorded as security with weight, purity and valuation, loan-to-value limits can be enforced, and release is tied to closure. Auction processes are configured as workflows according to your policy.
Access is role-based, so a field collector sees only his route and a teller cannot change interest rates. All changes are logged. Hosting is on secured cloud servers with backups, or on your own infrastructure if policy requires it.
After a first conversation about your loan products, branches and the volume of running loans, we agree the scope and send you a written quotation. The price, the deliverables and the timeline are fixed against that scope before any work starts, so nothing grows without your sign-off.
You speak to someone who does this work, not a call centre. They ask about your loan products, how collections run and what you use today. If it looks like a fit, we agree the scope and put it in writing, with the timeline, before any work starts. If it does not, we tell you.
Development Area Kollakadavu (DIC) and SIDCO Industrial Estate, Kollakadavupark
Two adjoining estates near Mavelikkara in the district's south-east, run by the Directorate of Industries and SIDCO respectively.
Small manufacturing units near Mavelikkara borrow working capital from local firms and societies, and those lenders need ageing they can put in front of an auditor.
Source: industry.kerala.gov.inKayamkulam Municipalitylocal body
A market town of this size carries gold loan branches, chit operators and finance firms within a few streets, all lending to the same customers and all needing accurate pledge records.
Aryad Block Panchayatlocal body
Service cooperatives in the blocks around the town lend to farmers and coir workers on terms set by their own boards, which is why loan products have to be configurable.
Places and organisations are named for local context only. Acube Innovations is not affiliated with or endorsed by them.
Get a clear plan, an honest timeline, and a fixed scope. Talk to a real expert today — whether or not you work with us.
or write to info@acube.co
Kochi (Kadavanthra & Infopark) · Thiruvananthapuram · across India & overseas · In business since 2011