Loan Performer (LPF) is a first-class management information system for Microfinance businesses. It is user friendly, affordable, efficient, cost effective, full of features and its support is excellent. Crystal Clear Software, a company on the 3rd Floor of King Fahd Plaza, Kampala Road intends to make LPF the standard for microfinance. LPF has been on the market for 10 years. Over 200 micro-finance organisations have obtained this software. Loan Performer has established itself as a secure, trustworthy and reliable micro-finance software. In 2003, it was rated “Best Value for money” by the Consultative Group to assist the poor (CGAP – World Bank); 2004 it won the prize for “Best Software Development” from Uganda Investment Authority (UIA); 2005 it was recognized as the “Number One Exporter of ICT exports” by Uganda Export Promotion board (UEPB) and also received the African SMME Award [for Small, Micro and Medium Enterprises] in the Information, Communication and Technology sector from the African Centre for Investment Analysis of the University of Stellenbosch, Capetown, South Africa. (Below are 21 benefits (@www.loanperformer.com):
It supports different micro-finance methodologies: Individual Lending, Village Banking as well as Solidarity Group Lending.
You can track shares, deposits and loans and it is integrated with a general ledger accounting module. LPF also has an assets module and a debtors/creditors module.
You can define up to 100 different Savings and 100 different loan Products
Group loans can be tracked at group level as well as member level.
You can use it in a centralized environment or on the counter in your branches.
The multi-language facility makes it possible for one user to work with an English interface while another has a French, Spanish or Russian interface, both working with the same database.
Loan Performer has user definable fields for clients and loans so that you can filter reports according to your own criteria.
You can analyse loans according to business sector, client type, loan fund, branch, location, business sector, geographical area (4 levels), credit officer, loan product, loan size, gender classes, loan cycle or your own user-definable categories.
LPF comes with more than 150 first class reports that can be exported to DBF, Excel and PDF format. It is complaint with CGAP’s reporting requirements.
The PMT tool (used in Uganda) is integrated in LPF
Interest on loans can be calculated either as flat rate or on declining balance, amortised or discounted, either all up-front or in equal installments.
Loans can be repaid in cash, by check, from the clients’ savings account or by bank transfer.
Loan Performer can import client data, savings transactions and financial transactions from file (TXT, XLS or DBF) making database conversion a lot easier
Loan Performer can produce loan contracts by linking it to MS Word.
Loan Performer can print notification letters for arrears and add penalties for defaulters automatically
Loan Performer’s General Ledger can produce Balance Sheets and Income and Expense Statements.
Loan Performer can be linked to an external accounting package and export financial transactions.
You can analyse your profitability/ costs by period, branch, savings or loan product or donor.
Loan Performer is password protected. It has 10 user-levels and each menu item can be disabled for each level. Each menu item can be re-labeled.
Loan Performer also comes with a cash module, making cash reconciliation a whole lot easier.
Loan Performer comes with an excellent windows help file
