Item

Loan Performer 7.10

Loan Performer 8.17

Requirements

Hardware Requirements

486 Machine with 1 GB Ram

Pentium Machine with 4 GB Ram

Software Requirements

Windows XP or above

Windows 7 or above

Database

Foxpro, SQL Server

SQL Server

Help

From Help file

From Help file and/or
Online HTML Help

Client Portal

N/A

Available for clients to access their statements

Web Application

N/A

Available for entry of clients, deposits, withdrawals, loan applications and repayments.

Upgrade of Loan Performer

Manual

Also Automatic (at login)

Security/Audit trail

Strong Passwords for login
Max no of login attempts
Logging of incorrect logins

N/A

Available

Audit Trail of modifications in Configuration

N/A

Available

Receipt log

N/A

Available

Modified Transactions log

N/A

Available

Day, Month,  Year Closures

Only Day and Year

All

Importation Templates

Available for :

1. Businesses
2. Groups
3. Group Members
4. Individual Clients
5. Guarantors
6. Shares
7. Co-account holders for savings accounts
8. Savings deposits/withdrawals
9. Charges and rewards
10. Savings Transfers
11. Loan Applications
12. Loan Commission
13. Loan Approvals
14. Loan Disbursements
15. Loan Repayments
16. GL Imports

All as for 7.10 plus:

1. Importation of a new chart of accounts
2. Poverty assessments
3. Assets
4. Opening of Time-Deposits
5. Importation of payments for a combination of Shares, Deposits and Loan Repayments.

Multi-currency

N/A

Available

All cheques can be printed centrally

N/A

Available

Capacity

Max Number of Savings/Loan products

100

1,000

Max Number of clients per branch

100,000

1,000,000

Max Number of savings accounts per savings product and per branch

100,000

1,000,000

Max Number of loans per branch

100,000

1,000,000

Max number of transactions

1 Million per year

10 Million per user

Number of geographic areas per level (sectors per city, cities per district etc).

2

3

Clients

Changes to client data requires approval and there is an audit on changes of client's names

N/A

Available

Client’s photo & signature can be taken at registration

N/A

Available

Clients email address and option to send Loan Ledger Card by email

N/A

Available

User can define print order of client names (first-middle last)

N/A

Available

Customised Client Report (like for Loan Contracts)

N/A

Available

Poverty Assessment

N/A

Available

Client Contact History

N/A

Available

Menu option for entry of Client Registration fees

N/A

Available

Tenancy Module

N/A

Available

Client photos on Savers Statement, Loan Ledger Card, Loan Repayment Schedule

N/A

Available

Group Meeting Day, Time, Frequency data

N/A

Available

Shares

Report on Deleted Shares Transactions

N/A

Available

Report on Shares Transfers

N/A

Available

Savings

Opening of Savings accounts separated from entry of client

N/A

Available

Photo’s, Signatures and ID Document Data available at deposit/withdrawal?

N/A

Available

Chequeing Accounts

N/A

Available

Cashier can operate more than 1 cash account

N/A

Available

Approval of Withdrawals above Cashier’s limit

N/A

Available

One transfer can be done to several other accounts

N/A

Available

Modification of a Transfer

N/A

Available

Interest can be calculated on Monthly Minimum Balances

N/A

Available

Min/Max Savings Report

N/A

Available

A report that compares Savings Balances and Arrears

N/A

Available

A report on New accounts opened in a period

N/A

Available

Time Deposits

Interest Period can be specified in days

N/A

Available

Interest calculation can now be specified in days

N/A

Available

VAT can be charged on Time Deposits

N/A

Available

Special Setting for No interest on Pre-mature  Time Deposit Withdrawal

N/A

Available

Withholding Tax GL Account on Time Deposits

N/A

Available

Time Deposit Statement

N/A

Available

Report on Fully Repaid Time Deposits

N/A

Available

Deleted Time Deposit Report

N/A

Available

Transfer of All Matured Time Deposits to Respective Savings products and A/Cs.

N/A

Available

Reports on Renewed and Deleted Time-Deposits

N/A

Available

Tontine Savings

N/A

Available

Loans

Loan Application

• Loan can be linked to external files at application which is verified as being in place before loan process continues

N/A

Available

• Savings amounts required with each installment can be set at loan application either as a percentage or a flat amount

N/A

Available

• User can choose to base Collateral on value or type.

N/A

Available

• Client Photograph can be printed on the Repayment screen if specified

N/A

Available

• Due dates can be updated to the next group meeting date for group loans in case the meeting day/date has been entered by user.

N/A

Available

Charges can be added to a loan

N/A

Available

Group loans may be required to have collateral

N/A

Available

Loan repayments bound to a 2nd currency

Available

N/A

Variable interest rate for loans on declining balance

N/A

Available

Loan Approval

• Three (3) Loan Approval stages have been added at product level under system/configuration/Loan product settings

N/A

Available

Loan Disbursement

• Disbursement to Mobile Money

N/A

Available

• Fingerprint Verification at disbursement

N/A

Available

Loan Rescheduling

Available

Available

Rescheduled Loans Log

N/A

Available

Postponed Dues Log

N/A

Available

Loan Refinancing

N/A

Available

Loan Configuration

• Loan Guarantee, Penalties, Fee payments before/after approval (and other settings) set per product

N/A

Available

• Penalties can be calculated at loan repayment

N/A

Available

• The calculation of penalties can be frozen

N/A

Available

• Option to notify user if penalties are not calculated on time

N/A

Available

• Client can have just one loan being processed before disbursement

Available

Also more than 1

• Option to reset unpaid interest after recalculation for declining balance loans

N/A

Available

• Option to configure flexibility for partial disbursement

N/A

Available

• Option to allow change of overpayment GL account at repayment

N/A

Available
                                              

• Option to activate repayment priorities for declassified loans

N/A

Available

• Option to Prioritize Principal payments for non -performing loans (loans in arrears of more than xx days in arrears

N/A

Available

• Duplum Rule setting( Interest never to exceed principal outstanding)

N/A

Available

• Option to set Minimum period of membership(in days) before disbursement

N/A

Available

• Option to set the Maximum Grace Period Duration (in days)

N/A

Available

• Option to activate the validation of the loan amount per loan cycle

N/A

Available

• Option to set Maximum Loan Amount and Maximum Loan Periods (Months)

N/A

Available

• New Loan charges option with the loan charges Report

N/A

Available

• Also the due dates of existing loans can be rescheduled automatically according to non-working days

N/A

Available

Declassification of Loans in Arrears

N/A

Available

A report on performance per credit officer

N/A

Available

Loan Ledger Card per Group Member

N/A

Available

Portfolio at Risk report for group members

N/A

Available

Effective Interest Rate

N/A

Available

Menu Retrieve Loans can be exported

N/A

Available

Standing Orders

N/A

Available

Report on Modified Loans

N/A

Available

Report on Tied (Guarantee) Shares/Savings for outstanding loans

N/A

Available

A Rescheduled Loans Log Report

N/A

Available

Max no of classes for Ageing/Provisioning of Loans

5

7

Accounting

Available

Available

Chart of accounts

UK/US
French

UK/US
French
BCEAO
DRC
Burundi
Rwanda

No of sub-levels in chart of accounts

5

12

Manually entered GL transactions need to be approved

N/A

Available

Receipts can be generated for manual entries in the GL

N/A

Avalable

Entry of opening balances automated

N/A

Available

Financial Year can be closed in less than 12 months

N/A

Available

Last Closed Financial Year can be re-opened

N/A

Available

User can retrieve all transactions entered/modified between re-opening and closing again of financial year.

N/A

Available

Last Closed Day/Month can be re-opened

N/A

Available

An LPO can be generated when entering an invoice for a creditor

N/A

Available

A statement can be created for a single debtor/creditor with invoices and payments made

N/A

Available

Asset Depreciation per branch and Cost Centre

N/A

Available

Depreciation Report by Supplier

N/A

Available

Other

SMS Banking

N/A

Available as an additional module

Mobile Money integration

N/A

Available depending on provider

Fingerprint Scanning

N/A

Available as an additional module

Wide Area Network

N/A

Available as an additional module

Regulatory Reports

• PMT

Available

Available, PMT 2009 update

• BCEAO

N/A

Available

• Central Bank of Azerbaijan

N/A

Available

• Central Bank of the Democratic Republic of Congo

N/A

Available

• Central Bank of Ghana

N/A

Available

• Bank of Zambia

N/A

Available

• Reports for the CRM, CSBF, CNMF and Central Bank of Madagascar

N/A

Available

• MUVI Reports

N/A

Available