Built for Ghanaian microfinance companies, savings and loans companies and credit-only lenders: cedi books, MoMo repayments posted against the loan, and the portfolio quality figures the Bank of Ghana expects a licensed institution to keep.
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Built for Lenders in Ghana
Lendbox gives a microfinance company or savings and loans company in Ghana one cedi loan ledger with accounting under it, so the portfolio quality figures in a Bank of Ghana return and the schedule a customer sees come from the same loan record. See how Lendbox compares with other software for loan management.
How a Ghanaian microfinance company runs its book on Lendbox
A licensed microfinance company in Ghana runs susu-style daily collections, salary loans and small business loans side by side. These are the stages Lendbox keeps on one record for each.
Add the customer with the Ghana Card number and MoMo line on file, or import the existing customer list from a spreadsheet, and let AI document verification check the uploaded ID or payslip.
Price a daily-collection product, a salary loan and a business loan each the way its product sheet says, with the schedule printed in cedis and the fees itemised.
Route the application through the approval ladder, record the payout to the customer's MoMo line or bank account, and let the general ledger post the entries on activation.
Post MTN MoMo, Telecel Cash and AT Money repayments against the loan as they land, and upload a daily collection round as one bulk batch. Reminders go out by SMS, email or WhatsApp.
Ageing buckets and portfolio at risk by product, branch and officer give the days-past-due figures a Bank of Ghana return needs, drawn from the loans themselves.
Lending in Ghana
Ghana licenses microfinance companies, savings and loans companies and finance houses under one Act and supervises them on capital, liquidity and portfolio quality. The software has to give you the days-past-due view those returns are built on.
Bank of Ghana (Banks and Specialised Deposit-Taking Institutions Act, 2016)
Microfinance companies, savings and loans companies and finance houses are licensed and supervised by the Bank of Ghana. Lendbox supplies the credit-side ledger: a double-entry general ledger with trial balance, P&L and balance sheet, with every loan transaction traceable to its journal entry.
Days past due, with provisioning by class
Returns classify loans by days past due and provision against each class. Lendbox's ageing buckets (1–30, 31–60, 61–90 and over 90 days) give you the per-loan figure to classify from, and the ledger carries the provisioning entries you post.
Credit bureaus licensed under the Credit Reporting Act
Licensed lenders submit borrower data to the credit bureaus. Lendbox keeps the full repayment and arrears history per customer, so the record you submit from is the one your officers see.
Annual percentage rate on the loan agreement
Ghanaian lenders disclose the annual percentage rate and total cost of credit. Lendbox prints the schedule with interest, fees and penalties itemised, and the free effective interest rate calculator on this site shows what a daily or weekly flat rate comes to annually.
MTN MoMo, Telecel Cash, AT Money
Most repayments in Ghana arrive on a mobile money line. Lendbox records them against the loan; it does not connect to the networks, so a customer's payment is posted by an officer or in a bulk batch.
Sources · Bank of Ghana — Other financial institutions supervision · Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) · Reviewed .
Money in Ghana
The book, statements and reports run in Ghana cedis. Repayments reach you on mobile money or at the counter, and Lendbox records them against the loan.
Set the workspace currency to cedis once and every loan, schedule, statement and financial statement follows.
Post a repayment against the loan when it lands, or the day's collection round as a bulk batch from the Excel template.
Staff loans run on the same book as customer loans, with repayments deducted on the pay run.
Pricing
Lendbox is billed in US dollars by card. Cedi amounts below are an indicative conversion; with the cedi moving against the dollar, treat them as a guide and the dollar figure as the price. See the full loan management software pricing in Ghana.
Prices shown in Ghanaian Cedi (GHS)
GHS 300
/month
Billed yearly at GHS 3,600
GHS 1,100
/month
Billed yearly at GHS 13,000
GHS 1,600
/month
Billed yearly at GHS 19,000
GHS 2,200
/month
Billed yearly at GHS 27,000
Yes. Set the workspace currency to GHS and every loan, repayment schedule, customer statement and financial statement is in cedis. Lendbox runs the loan ledger and the accounting under it; deposit products stay outside the system.
An officer posts each repayment against the loan when it lands on your line, or you upload a collection round as one bulk batch from an Excel template. Lendbox does not connect to the Ghanaian mobile money networks, so nothing is pulled automatically.
Yes. A product can be scheduled daily, weekly or monthly, and a collector's daily round is posted as one bulk batch with a preview that flags any customer that will not match before it posts. Officers can also post from the mobile app on the round, as long as the phone has a data connection.
Yes, the figures, not the form. The ageing buckets give days past due on every loan, the portfolio-at-risk report rolls them up by product, branch and officer, and the double-entry ledger produces the trial balance, profit and loss and balance sheet. Classification and provisioning follow your own policy, and Lendbox does not file the Bank of Ghana return for you.
Not yet. The payroll module runs staff loans and pay runs in cedis, but SSNIT and PAYE lines are configured by you rather than shipped as a preset. Presets currently cover Kenya, Nigeria, the Philippines, Tanzania, Uganda, South Africa and Zambia.
Basic covers one branch and one staff member, Business two branches, Growth three. Lendbox charges in US dollars by card; the pricing grid on this page shows the cedi equivalent at an indicative rate, and the dollar figure is the one that stays fixed when the cedi moves.