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Also serving Kalpetta
Credit in Wayanad follows the crop: growers borrow before the season and repay after harvest. Lending software here must handle seasonal repayment, not only the monthly EMI.
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Wayanad's economy runs on seasonal credit. A pepper grower needs money for inputs in the monsoon and earns in the winter. A dairy farmer borrows for cattle and repays from the milk bill. A homestay owner adds rooms on a loan and services it from two good seasons a year. The lenders who serve them, cooperative societies, small finance firms, chit and gold loan businesses in Kalpetta, Sulthan Bathery and Mananthavady, often run on ledgers and ageing software.
Acube's loan and lending management system, built on ERPNext, covers the life of a loan: product setup, application and KYC, approval workflow, disbursal, repayment schedules, interest and penalty accrual, collateral records, field collection through a mobile app, and overdue and NPA reporting. Every transaction posts to the accounts automatically. Repayment patterns can follow the borrower's income, which suits agricultural lending.
Standard software assumes equal monthly instalments. A grower's cash arrives once or twice a year. Configurable repayment frequencies, moratorium periods and bullet payments let the schedule match the crop cycle, so a good borrower is not shown as overdue for half the year.
Collection agents travel to villages around Pulpally and Panamaram, take cash, write receipts and report in the evening. A mobile collection app records each payment on the spot with location, issues a receipt and updates the account when the phone finds signal.
With ledgers, a slipping account is noticed only when someone turns to the page. Automatic ageing, overdue flags and reminder messages bring problem loans forward early, when a conversation with the borrower can still help.
Coffee and pepper plantations
Crop loans and input credit for growers with seasonal repayment, produce-linked recovery where the lender also buys the crop, and clear statements that a farmer can follow.
Agro-processing and dairy
Cattle and equipment loans to members recovered from milk or produce payments, with the deduction flowing automatically from the procurement bill to the loan account.
Homestays and resorts
Small business loans for room additions and renovation with repayment weighted towards tourist seasons, security documents tracked against each account, and interest certificates issued at year end.
We begin with your loan products and rules: interest methods, charges, approval limits, security norms and the reports your board or regulator expects. That study is done with your team in Wayanad. Configuration and migration of existing loan accounts are handled from Kochi and balances are verified account by account. Collection staff are trained in person, on their own phones and routes.
Case studies
Indus Motor Company Private Limited
Indus Motor — ERPNext Cut Stock-Outs 40% Across Showrooms
Kerala State Road Transport Corporation (KSRTC)
KSRTC — ERPNext Courier System Delivered ₹1 Crore in Profit
Kochi Metro Rail Limited (KMRL)
Kochi Metro (KMRL) — ERPNext Property & Lease Management, Zero Paper
Yes. Active loan accounts are migrated with principal outstanding, accrued interest, schedule and security details, and reconciled to your ledger as on a cut-off date. How much past transaction history to bring across is decided with you, balancing effort and usefulness.
The lending functions suit societies well, including member records, loan products, recoveries and accounting. Statutory formats specific to cooperative audit may need custom reports. We review your bylaws and audit requirements first and tell you what is standard and what needs building.
It is designed for that. Agents in rural Wayanad can record collections offline; the app stores them securely and syncs once a connection is available. Receipts can be sent by SMS or printed from a small portable printer.
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