Compliance in the workflow
Reducing-balance pricing, the Tier 2 repayment allocation order, arrears classification and provisioning, fee approval evidence and pre-collection notices are all applied as staff work, not checked afterwards.
For Tanzania’s Tier 2 microfinance institutions
Run your whole loan book in one place.
FinRex is the lending system for microfinance institutions. Clients and KYC, loan products, credit committee approvals, disbursement, repayments, collections and your general ledger work together. It’s built around the Bank of Tanzania’s Tier 2 rules, so compliance is part of the workflow, not a spreadsheet on the side.
- Every posting
- Double-entry
- Every decision
- Audited
- Every institution
- Isolated
Made for the people who run a microfinance institution day to day.
- Loan officers
- Branch managers
- Credit committees
- Finance teams
- Compliance officers
Why FinRex
Less reconciling. More lending.
Many institutions run lending on one tool, accounts on another and compliance in a folder. FinRex brings them together, so every loan, payment and decision is recorded once and shows up correctly everywhere.
Every shilling accounted for
Disbursements, repayments, fees, penalties, provisions and write-offs post balanced journals to your general ledger automatically. Posted entries are never edited. Mistakes are corrected with linked reversals.
Control without the bottleneck
Multi-step approvals, maker-checker on money movements, and approval limits by role, branch and amount. Nobody approves their own request, and every decision keeps its comment and its history.
The platform
Everything a lending operation needs, connected.
Each part is set up for your institution: your products, your approval flow, your chart of accounts, your branches. Changing them takes configuration, not code.
Clients & KYC
Individuals and businesses with identity documents, verification and expiry tracking, consent records, risk ratings and safe duplicate merging.
Loan products
Limits, terms, frequencies, grace periods, fees and penalties. Preview the schedule and total cost before you launch. Issued loans keep the terms they were sold on.
Applications & appraisal
Capture income, expenses, assets and repayment capacity. Eligibility and exposure checks run before submission. Record site visits, cash-flow analysis and credit-bureau reports.
Approvals
Configurable committee and maker-checker flows for applications, disbursements and reversals. Approve, reject or return for changes, with the full trail.
Agreements & disbursement
Clear loan offers with effective rate and itemised instalments. Record borrower and guarantor acceptance, then disburse with sign-off and receipt evidence.
Repayments
Receipted repayments credited on the date received. Partial and early repayment without penalty. Statements show exactly where every payment went.
Arrears & collections
Days past due, Tier 2 classification and provisions, interest suspense, collection cases, promises to pay, and the 14-day notice before recovery.
Group & centre lending
Borrower groups and centres with leaders, meeting schedules and members. Group loans track each member’s share and the joint guarantee.
Accounting
Chart of accounts from a Tanzania template, fiscal periods with close and lock, trial balance, ledgers, financial statements, and reconciliation with exception handling.
Reports & dashboards
Loan book, disbursements, collections, arrears ageing and portfolio at risk. Export any report to CSV or Excel, with its filters and as-of date on the file.
Capital & liquidity watch
Keeps an eye on the TZS 20 million minimum capital and 5% liquid-assets requirements, and warns you before a breach, not after.
Your institution, your brand
Branches, staff, roles and branch-level access. Your logo and colours, plus notifications to staff and clients about the loan events that matter.
The loan cycle
From first visit to final repayment.
Every step is a controlled, recorded transition. A loan can’t skip its approval, a payment can’t be counted twice, and a retried request never creates a duplicate loan.
- 01
Onboard the client
Register them, verify their documents, record consent and set a risk rating.
- 02
Apply & appraise
Capture the request, guarantors and collateral, then check eligibility and repayment capacity.
- 03
Decide
Route the application through your committee, within each approver’s limit.
- 04
Agree & disburse
Present the agreement, record acceptance and pay out with sign-off. The schedule and journal follow automatically.
- 05
Collect
Receipt repayments and allocate them in the regulated order. Clients get reminders before each due date.
- 06
Monitor & recover
Classify arrears, provision, open collection cases, and restructure or write off with approval.
Built for Tier 2
The rules you report against, built in.
FinRex is designed around the Microfinance Act and the Bank of Tanzania’s requirements for non-deposit-taking microfinance service providers on the Mainland.
FinRex is software, not legal advice. Your compliance team and counsel stay responsible for your institution’s policies. FinRex helps you apply them consistently and keeps the evidence.
Reducing-balance by default
Flat-rate pricing stays blocked unless written clearance is on record.
Regulated allocation order
Repayments pay due interest, then fees, then principal.
Classification & provisioning
Current through loss bands (1%, 5%, 25%, 50%, 100%) from days past due.
Fair early repayment
No penalty, and unearned interest is removed on full settlement.
Approved fees only
New fees need the board decision and BoT approval on record, and appear in the agreement.
Clear disclosure
Agreements show the stated rate, effective annual rate and every instalment.
Notice before recovery
The 14-day pre-collection notice, with its delivery evidence kept.
Customer consent
Purpose, wording and evidence recorded before credit-bureau checks.
Security & reliability
Your data stays yours. Your numbers stay right.
Separated by institution
The application and the database each enforce separation, so no user, report or background job can reach another institution’s records.
A full audit trail
Who did what, when and from where, with before and after values for financial, access and configuration changes.
Safe to retry
Loan, disbursement and payment requests are replay-safe. A dropped connection never pays out twice.
Privacy with history intact
Approved data-erasure requests anonymise a client’s personal details while keeping the loan and accounting history auditors need.
Getting started
Up and running without the guesswork.
We set up your institution with sensible defaults, and you adjust them to your policies from the admin screens.
Book a walkthrough ↗- 01
We provision your institution
Chart of accounts from the Tanzania template, fiscal year and periods, default roles and your first administrator.
- 02
You configure your policies
Branches, staff and roles, loan products and fees, approval flows and limits, branding.
- 03
Your team starts lending
Loan officers onboard clients and the committee decides. Finance sees every posting as it happens.
On the roadmap
Where FinRex is going next.
These are planned, not available yet. Tell us which matter most to your institution.
Mobile money collections
Repayments through M-Pesa, Mixx by Yas, Airtel Money and HaloPesa via one aggregator, reconciled automatically.
Payroll-deduction lending
Employer portals and deduction files for salary-backed loans.
SMS in Kiswahili & English
Templates for reminders, receipts and notices, in each client’s language.
USSD self-service
Balance checks and repayments from any phone.
SACCOS profile
Tier 3 members, shares and savings, under their own rules.
Mobile apps
Field agents and client self-service on the same platform.
Tier 2 non-deposit-taking microfinance service providers in mainland Tanzania, from a single office to a network of branches. It covers individual, business and group lending.
No. FinRex is software that microfinance institutions use to run their lending. We don’t lend or hold client money. For a loan, or a question about your loan, please contact your institution directly.
Yes. Products, fees, penalties, approval steps, approver limits, branches, roles and branding are all set by your administrators from the admin screens. Changes never alter loans already issued, which keep the terms they were agreed on.
For lending, yes. FinRex keeps a full double-entry general ledger with fiscal periods, period close, trial balance and financial statements, and every loan event posts to it automatically. Reports export to CSV and Excel for your auditors or other systems.
Tier 2 providers are non-deposit-taking, so FinRex doesn’t offer public deposits or customer wallets for them. Savings features are planned for institution types that are authorised to hold member funds, such as SACCOS.
Today, staff record cash and manual repayments with a receipt and proof. Mobile money collections through a Tanzanian aggregator are next on the roadmap.
No. Each institution’s records are separated by both the application and the database itself, and that separation is tested automatically on every change. Within your institution, staff can be limited to their own branches.
See it with your own loans
Let’s walk through your lending process.
Tell us how your institution lends today, and we’ll show you how it would run on FinRex.