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Also serving Calicut
Lending in Kozhikode runs from gold loans and kuri funds to traders' advances to growers; loan management software gives each its schedule, its security record and its overdue list.
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Credit has always been part of commerce in Malabar. Finance firms and co-operative societies across Kozhikode lend against gold, vehicles and property. Spice and coffee dealers advance money to growers and agents in Wayanad ahead of the harvest. Furniture and appliance sellers offer instalment schemes to salaried customers. The amounts are modest and the volume is high, and much of it is still tracked in registers and spreadsheets.
Our loan and lending software, built on ERPNext, manages the full cycle: loan products with their interest and charge rules, applications and KYC documents, sanction workflows, disbursal, repayment schedules, interest and penalty accrual, security and collateral records, field collections through a mobile app and overdue and NPA reporting, all posting to the accounts.
Part-payments, early closures and changed rates make manual interest calculation error-prone, and borrowers notice. System-generated schedules recalculate correctly after every receipt, and a statement can be printed for the customer on the spot.
Gold packets, vehicle papers and title deeds must be found instantly at closure. Recording each security against the loan, with its location and release status, protects both the lender and the borrower.
When follow-up depends on someone scanning a register, early warning is lost. Daily overdue lists by branch and collection agent, with automated reminders, bring attention to an account when it first slips.
Spices and coffee trading
Advances to growers and agents recorded as loans with agreed terms, adjusted against produce delivered, so the dealer knows his exposure to each supplier before committing further money.
Wholesale and retail trade
Instalment sales of furniture, electronics and appliances managed with proper schedules, post-dated instrument tracking and reminders, kept apart from ordinary trade receivables.
Co-operative societies and finance firms
Multiple loan products, member-wise exposure, branch-level operations with central oversight, and the statutory and audit reports that regulators and the society's board require.
Lending systems carry compliance weight, so we begin by understanding your products, rules and reporting obligations in meetings at your Kozhikode office, with your auditor present if you wish. Configuration and data migration are handled from Kochi and verified loan by loan on a sample. Branch staff and collection agents are trained in person before go-live.
Case studies
Dumas Bakes N Meals Private Limited
Dumas Bakes N Meals — ERPNext Lifted On-Time Deliveries by Over 40%
Kera Cabs
Kera Cabs — 55% of Bookings Moved Off the Phone and Into the App
Muthoot Securities Limited
Muthoot Securities — MScan, the Flutter App That Cut Document Search Time by 70%
Yes. Active loans are migrated with their outstanding principal, accrued interest and remaining schedule, and balances are verified against your current records before going live. Closed loans can be kept as reference data if required.
Collection agents travelling to interior parts of Kozhikode and neighbouring hill areas will meet weak coverage. The mobile app is designed for field use, and we test how it behaves on your actual routes during the pilot, before agents depend on it.
Yes. A single-branch firm uses the same loan, security and accounting features without the multi-branch layer. ERPNext has no per-user licence fee, so the system can grow to further branches without a change of platform.
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Kochi (Kadavanthra & Infopark) · Thiruvananthapuram · across India & overseas · In business since 2011