Loan management software for lenders in Kenya.
For microfinance companies, digital credit providers, SACCO-style lenders and companies lending to their staff. Every loan in KES, with its schedule worked out to the cent, its arrears counted every morning, and a record of who approved and paid out what.
An example, in KES
KES 50,000 over 6 months at 2% a month on a reducing balance is six instalments of about KES 8,926. Peaking Account works out the schedule, applies each payment to the oldest instalment first, and flags the loan the day it falls behind.
Getting paid
Disburse by M-Pesa B2C, collect with M-Pesa prompts from your own Paybill or Till, and settle collections to your bank.
Questions Kenyan lenders ask
Does Peaking Account hold our money?
No. You connect your own Paybill or Till, your own B2C shortcode and your own bank. Repayments land in your account, loans go out of your account, and settlements go to your bank. We never touch the money.
Can borrowers repay by M-Pesa?
Yes, in Kenya. A borrower taps Pay on their loan (or your officer sends the prompt), enters their M-Pesa PIN, and the payment is applied to the right instalment as soon as Safaricom confirms it.
Can we disburse loans by M-Pesa?
Yes, from your own B2C shortcode, to the borrower's registered number only. The loan account and its repayment schedule open the moment M-Pesa confirms the money arrived, never before.
How long does it take to set up?
About three minutes to create your workspace at your-name.peakingaccount.com. Pick the loans you offer and we draft the products for you to review.
Can loan officers only see their own borrowers?
If you want. Switch on portfolio restriction and each officer sees only the borrowers assigned to them. You also decide whether officers may approve, disburse or record payments.
Is our data separate from other lenders'?
Yes. Every organisation gets its own database schema and its own web address. Staff sign in with two-step codes if you require them, and every action lands in an audit trail.
Can we get our data out?
Any report, and any list of borrowers with their loans and balances, downloads as PDF, Excel, Word or CSV.