Loading…
Loading…
Also serving Quilon
Boats, nets, shop stock and gold all run on credit in Kollam, and the private financiers and societies who provide it often track repayments in ledgers and Excel sheets.
Official ERPNext Partner · 100+ ERP projects · Since 2011
Or call +91 62358 66111
Photo: Arunvrparavur · CC BY-SA 4.0, cropped · via Wikimedia Commons
Trusted by 200+ organisations across India & overseas — including
Interest on each account worked out by hand at month end, part payments adjusted from memory.
Interest, penalty and rebate applied by the loan product's own rules, the same way on every account.
Arrears come to light when somebody leafs through the ledger drawer.
An overdue list by branch and by collection agent waiting on the manager's screen each morning.
The field agent's collections are counted and entered in the evening, sometimes the next day.
Each receipt recorded at the borrower's counter, acknowledged on the spot, reconciled at closing.
Credit is the quiet engine behind Kollam's visible trades. A boat owner borrows to refit before the season. A shopkeeper in Kottarakkara takes a short loan to stock up for a festival. Families pledge gold for fees and weddings. Serving them is a layer of private finance firms, gold loan companies, nidhis and lending societies.
Loan and lending management software on ERPNext covers the cycle: loan products with their interest and charge rules, applications and KYC, approval workflows, disbursal, repayment schedules, interest and penalty accrual, collateral records, field collections on mobile, and overdue reporting. The ledger card becomes a live, auditable portfolio.
Case studies
Adventure Sports Cover 360 (ASC360)
ASC360 — ERPNext + Mobile App Cut Policy Issuance Time 70%
MultiWealth Capital
MultiWealth Capital — ERPNext Cut Loan Processing Time by 60%
Dumas Bakes N Meals Private Limited
Dumas Bakes N Meals — ERPNext Lifted On-Time Deliveries by Over 40%
An example
A collection agent starts his round in Punalur after the shops open. At each counter he opens the borrower's account on his phone, sees the balance and the last three receipts, takes the day's payment and records it there. The shopkeeper's acknowledgement reaches him by message before the agent has left. A borrower who missed two days is already marked on the list the branch manager reviewed at nine. When the agent returns, his collection total and his cash agree without anyone recounting a bundle, and the receipts are in the accounts before the branch closes.
Lending data is sensitive and migration must be exact. We review your loan products, registers and current balances at your Kollam premises, configure the products, and load opening balances account by account with totals verified by your team. Branch staff and agents are trained in person. Hosting has strict access control, audit logs and daily backups.
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.
Gold loan and private finance firms
Pledge records with item, weight and purity against each loan, valuation and loan-to-value rules, interest schemes, renewal and closure workflows, and branch-wise portfolio reports for firms with counters across the district.
Lending to marine fisheries
Seasonal products for boat owners and fish vendors with repayment timed to landings, a pause during the trawling ban, guarantor and asset records, and collections logged at the harbour on a phone.
Credit for retail and wholesale trade
Short-tenure business loans and daily collection schemes for shopkeepers and market traders, with flexible repayment frequencies, automatic reminders, and a clear ledger of principal, interest and charges both sides can trust.
Both, with different configuration. Small firms need clean loan accounting and collections. Regulated entities also need asset classification, provisioning and prescribed report formats, which can be built on the same base.
Usually yes. Legacy accounts with irregular schedules, waived interest or restructured terms are loaded with their actual outstanding position and a schedule going forward. We test a sample of the difficult ones before migrating the book.
Yes. Due date reminders and payment acknowledgements can go by SMS or WhatsApp, in Malayalam if preferred. Where customers are fish vendors and small traders, a prompt receipt on the phone builds trust and settles disputes about what was paid.
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.
Neendakara–Sakthikulangara fishing harbourmarket
Kerala's largest fishing harbour on Ashtamudi Lake, 8 km from the city on NH 66, with over 500 boats and a busy post-monsoon season
Several hundred boats work from here, and refits, nets and engines are financed between seasons, so repayment schedules have to follow the landings rather than the calendar.
Source: keralatourism.orgPunalur Municipalitylocal body
An eastern trading town on the Kallada river with its own market and small businesses, the kind of place where one branch and a collection round still cover most of the book.
Source: kollam.nic.inKarunagappally Municipalitylocal body
A coastal municipality between the city and the mineral belt where households borrow against gold, so pledge records and renewal dates matter more than long repayment schedules.
Source: kollam.nic.inPlaces 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