Guides for people who lend money
Plain explanations of the numbers and habits that keep a loan book healthy. Useful whether or not you use FinanceMe.lk.
6 minute read
Flat rate or reducing balance? What your interest rate really costs
A 24% flat rate and a 24% reducing rate sound the same. Over twelve months, one costs the borrower almost twice as much interest.
5 minute read
Portfolio at risk (PAR 30) explained for small lenders
Your collection rate can look fine while your loan book quietly goes bad. PAR is the number that tells you first.
5 minute read
A day-end cash close for field officers, step by step
The cheapest fraud control a lender can have is a ten-minute count at the end of every day.
6 minute read
Moving your loan book from Excel to loan software
Switching systems is mostly about checking balances. Here is what to prepare so it takes an afternoon, not a month.
6 minute read
Seven checks that stop most field collection fraud
Most field fraud is not clever. It survives because nobody checks the same thing twice. These seven checks close the usual gaps.
5 minute read
Choosing microfinance software in Sri Lanka: a checklist
Twelve questions to ask any vendor, including us, before you move your loan book.