Loading…
Loading…
Also serving Palghat
Crop loans for paddy farmers, vehicle finance for transporters and gold-backed advances keep Palakkad's economy turning; lenders need software that tracks every rupee from sanction to closure.
Official ERPNext Partner · 100+ ERP projects · Since 2011
Or call +91 62358 66111
Photo: Vis M · CC BY-SA 4.0, cropped · via Wikimedia Commons
Trusted by 200+ organisations across India & overseas — including
A paddy farmer in Kollengode is put on a monthly EMI, falls into artificial overdue between harvests, and the branch chases a good borrower.
The crop loan product carries a seasonal or bullet schedule with a moratorium, and interest is computed to match how the borrower earns.
Field officers collect cash in villages around Koduvayur, write a paper receipt and deposit days later; nobody knows what is in transit.
Each payment is recorded on a phone with time and place, the borrower gets a message at once, and the branch sees what is due in from each agent.
Ageing is prepared quarterly by hand, so an account is deep in arrears before anyone acts.
Accrual and overdue classification run daily, and every morning the branch has a follow-up list by product, officer and days overdue.
Credit in Palakkad follows the crop calendar and the highway. Farmers in the rice bowl around Kollengode borrow before sowing and repay after harvest. Lorry owners finance vehicles and repay from freight. Traders and small manufacturers around Shoranur lean on local finance companies, nidhis and co-operative societies between bank limits. Many of these lenders still work from ledgers, or from old software that prints a passbook and little else.
Our lending solution runs on ERPNext with the Frappe Lending app. It covers loan products with their own interest and repayment rules, applications and KYC, sanction workflows, disbursal, repayment schedules, interest and penalty accrual, collateral records, field collections through a mobile app and NPA reporting. Every transaction posts to the general ledger at once, so the loan book and the accounts cannot drift apart.
Case studies
MultiWealth Capital
MultiWealth Capital — ERPNext Cut Loan Processing Time by 60%
Adventure Sports Cover 360 (ASC360)
ASC360 — ERPNext + Mobile App Cut Policy Issuance Time 70%
EVM Wheels (part of the EVM Group)
EVM Wheels — 70% of Self-Drive Rentals Now Book Themselves Through the App
An example
A co-operative society's field officer leaves its Kollengode branch on a Tuesday morning with the day's collection list on his phone, sorted by village and days overdue. At the first house a member pays part of a crop loan instalment in cash; the app records it with time and place and the member's phone buzzes with a receipt before the officer is back on his motorbike. At a Koduvayur tea shop a lorry owner asks what he owes on his vehicle loan, and the officer reads the balance and next due date from the same screen. By afternoon the branch manager can see the cash in transit officer by officer. In the evening the day's accrual runs, the general ledger is already posted, and tomorrow's follow-up list is waiting.
Lending software touches regulated money, so we begin with your policies: products, rates, approval limits and provisioning rules, reviewed with your management in Palakkad. Existing loans are migrated with balances reconciled account by account. Branch and field staff are trained in person, and we come from Kochi for the go-live. A support contract then covers rule changes and month-end queries.
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.
Paddy and agriculture
Crop and farm equipment loans with season-linked schedules, member-wise exposure for societies, interest subvention tracking where schemes apply, and recovery linked to procurement payments where the lender also buys the crop.
Logistics and warehousing
Vehicle and equipment finance for lorry and fleet owners with hypothecation records, insurance and permit tracking on the asset, and repayment reminders aligned with freight cycles.
Rice milling and agro-processing
Working capital advances to mills and traders against stock or receivables, pledge records for stored paddy, and staff loan schemes recovered through payroll for larger units.
Yes, provided the intention is to run lending in a disciplined way. A single branch with a handful of products is a straightforward setup. Because ERPNext is open source there is no per-user licence fee, which matters to a small institution adding staff.
Collateral records can hold ornament details, weight, purity and valuation against each loan, with release on closure. Rate-linked limits and auction workflows are configured to your policy.
A borrower portal or a WhatsApp statement can show outstanding balance, next due date and payment history. For rural borrowers in Palghat who prefer a phone call, the same information is on one screen for your staff, so every enquiry gets the same answer.
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.
Kollengode Grama Panchayatlocal body
Nicknamed the district's rice bowl. Crop loans here must follow two harvests a year, not twelve monthly EMIs, and societies collect in the villages rather than at a counter.
Source: palakkad.nic.inKoduvayur Grama Panchayatlocal body
A paddy-growing panchayat with a busy market, where farmers, traders and lorry owners borrow from societies and nidhis and field collection is the norm.
Source: palakkad.nic.inShoranur townmarket
regional commercial centre around the rail junction, known for metal industries and farm-implement makers
A junction town of metal workshops and farm-implement makers whose owners depend on local finance companies for working capital between bank limits.
Source: en.wikipedia.orgPlaces 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