EduTrack Loans: who owes what, who has paid, and who to call today

Why lenders use it

A notebook or a spreadsheet cannot tell you who is late this morning. With hundreds of weekly, fortnightly and monthly loans, finding who is behind takes half a day and someone always gets missed. Interest, fees and penalties get worked out differently by each officer, and when a borrower says "but I paid last Tuesday", nobody can prove it either way.

EduTrack Loans works out every loan the same way, keeps every payment against the right instalment, and starts each day with the list of people to call.

A lending day

1. Start the day knowing what needs you

   Loans waiting for approval, promises to pay falling due, money in, money late, and the calls to make, most overdue first.

2. Add a borrower in one short form

   The NRC is checked as it is typed, so nobody is registered twice; documents are photographed with the phone.

3. See what a loan costs before it goes out

   Interest, fees, every instalment and affordability against net pay, worked out on the spot.

4. A manager approves with the facts in front of them

   Approval limits per manager, a printed agreement, and no payout until the signed copy is kept.

5. Record a payment and print the receipt

   Cash, mobile money, bank or payroll, against the oldest instalment first, with a numbered receipt.

6. Late loans don't get forgotten

   Arrears by how late they are, call notes, promises to pay and SMS reminders.

Your own copy, your own name

Each lender gets a separate copy of the system with its own name, logo, colours, web address and database, so no lender's records ever sit next to another's. NRC numbers are stored encrypted, and the borrower signs a key-facts sheet showing the full cost of the loan before the agreement.