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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.
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Credit is the quiet engine behind Kollam's visible trades. A boat owner at Neendakara borrows to refit before the season. A shopkeeper in Kottarakkara takes a short loan to stock up for Onam. Families pledge gold for school fees and weddings. Serving them is a layer of private finance firms, gold loan companies, nidhis and lending societies, many of them running on software written decades ago or on none at all.
Loan and lending management software on ERPNext covers the full 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 and NPA reporting, with every rupee posted to the accounts. For a lender in Quilon it replaces the ledger card with a live, auditable portfolio.
Daily-balance interest, part payments and penal charges are tedious and easy to get wrong manually, and errors in either direction are costly. Defined loan products apply the same rules to every account automatically, and statements can be issued to borrowers on request.
With paper cards, arrears come to light only when someone leafs through the drawer. Ageing reports and automatic overdue flags show each morning which borrowers have slipped, by branch and by collection agent, so follow-up starts in the first week.
Field staff collect small daily or weekly sums from markets and harbours and account for them in the evening. A mobile collection app records each receipt on the spot with location, sends the borrower an acknowledgement, and reconciles the agent's cash at day end.
Gold loan and private finance firms
Pledge records with item details, 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 offices across Kollam, Karunagappally and Punalur.
Lending to marine fisheries
Seasonal loan products for boat owners and fish vendors with repayment timed to landings, moratorium during the monsoon trawling ban, guarantor and asset records, and field collections at the harbour logged 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, automated reminders, and a clear ledger of principal, interest and charges that both parties can trust.
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 collection agents are trained in person. Hosting is set up with strict access control, audit logs and daily backups.
Case studies
Dumas Bakes N Meals Private Limited
Dumas Bakes N Meals — ERPNext Lifted On-Time Deliveries by Over 40%
Connect N Cabs Tours & Travels Pvt. Ltd.
Connect N Cabs — A Custom Travel ERP That Lifted Fleet Utilisation 35%
Muthoot Securities Limited
Muthoot Securities — MScan, the Flutter App That Cut Document Search Time by 70%
It serves both, with different configuration. Small firms need clean loan accounting and collections. Regulated entities also need asset classification, provisioning and reports in prescribed formats, which can be built on the same base. We discuss your regulatory obligations at the outset.
Usually, yes. Legacy loans 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 difficult accounts with you before migrating the full book.
Yes. Due date reminders and payment acknowledgements can be sent by SMS or WhatsApp, in Malayalam if preferred. For lenders whose customers include fish vendors and small traders, a prompt receipt on the phone builds trust and reduces disputes about what was paid.
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Kochi (Kadavanthra & Infopark) · Thiruvananthapuram · across India & overseas · In business since 2011