Cooperative loan management software

KoopManager handles a cooperative society's loans from the member's request to the last repayment, in the same system that holds the member register and the accounts.

The problem with managing loans by hand

Loan records kept in separate books or spreadsheets drift apart. Officers cannot easily say who guaranteed whom, which repayments are due, or who approved a loan, and members dispute figures nobody can trace.

How a loan moves through KoopManager

• Loan requests, approvals, disbursements and repayments are handled in one place.
• Members can apply for loans and manage guarantees from their own portal.
• Guarantees are tracked, including a guarantee exposure report.
• Due repayments are processed by date and applied to the oldest loan first.
• Approvals carry an audit trail, and reversals are posted as mirrored entries, never edits or deletions.

Reports the Exco can review

The loan book report shows the loan portfolio with aging risk analysis, and the guarantee exposure report shows how much each guarantor stands behind. Both are generated on demand from the same records. See the other features of KoopManager, read how cooperative loans are approved and repaid, or see how a second approver protects members and officers.

Loan management questions

For how this fits your society's bye-laws and loan policy, talk to the team or check the FAQ.