Micro Finance is an accounting app for small-scale finance firms, money lenders, and borrowers. It provides tools to manage loans and payments digitally, with online and offline modes. Lenders can keep track of borrowers and assign agents, while borrowers can view their loans and payment history.
Loan settings and accounting history
Settings let users specify an interest rate and the number of installments. The accounting history records payments made toward loans and shows outstanding payments, collections, and balances, giving users a record to consult as they manage accounts.
Reports and access
Reports can be generated for daily, weekly, monthly, or yearly periods. They summarize credits, debits, profit, and loss for reviewing account activity. The app also supports multiple languages. According to the supplied description, stored data is accessed after authentication; it does not specify the authentication method.
For lenders and borrowers
Lenders can organize borrower records and assign agents, while borrowers can check loan details and payment history. These functions serve both sides of the lending relationship within the same app. The source describes online and offline modes but does not explain which functions are available in each mode.