Built for Ugandan SACCOs, Tier 4 microfinance institutions and licensed money lenders: shilling books, MoMo and Airtel Money repayments posted against the loan, and the arrears figures UMRA asks a licensed lender to keep.
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Built for Lenders in Uganda
Lendbox gives a SACCO, non-deposit-taking MFI or money lender in Uganda a shilling loan ledger with accounting under it, so the arrears figures in a UMRA return and the schedule a member sees come from the same loan record. See how Lendbox compares with other software for loan management.
How a Ugandan SACCO runs its loans on Lendbox
Tier 4 lenders in Uganda run on mobile money and on member trust. These are the stages a SACCO loan officer or a money lender already works through; Lendbox keeps them together.
Import members from the register you keep today, with the national ID number and MoMo line on file, or add them one at a time from the phone at a branch meeting.
Capture the loan against the product and term the member qualifies for, then send it through the loans committee's approval ladder with every decision logged.
Record the payout to the member's MoMo or Airtel Money line or bank account, print the agreement and schedule in shillings, and let the ledger post the entries.
Post each MoMo or Airtel Money repayment against the loan as it lands, or the week's collections as one bulk batch. Reminders go out by SMS, email or WhatsApp before each due date.
Ageing buckets and portfolio at risk by product, branch and officer give the days-in-arrears figures a UMRA return is built on, drawn from the loans rather than from a month-end tally.
Lending in Uganda
Uganda sorts lenders into tiers. Most SACCOs, non-deposit-taking MFIs and money lenders sit in Tier 4 under UMRA, with their own licensing, record-keeping and reporting rules.
UMRA (Tier 4 Microfinance Institutions and Money Lenders Act, 2016)
SACCOs, non-deposit-taking MFIs and money lenders are licensed by UMRA and keep records of every loan, its pricing and its repayments. Lendbox holds that record per loan, with the agreement, the schedule and every repayment and reminder attached.
Bank of Uganda (microfinance deposit-taking institutions and credit institutions)
Deposit-taking institutions report prudential returns to the Bank of Uganda. Lendbox provides the credit-side ledger with double-entry accounting, trial balance, P&L and balance sheet; deposits are not part of the system.
Money lender licence from UMRA, with interest rate disclosure
Licensed money lenders disclose the rate and total cost to the borrower. Lendbox prints the schedule with interest, fees and penalties itemised, and the free interest rate converter on this site turns a monthly flat rate into the annual figure a licence asks you to state.
Credit reference bureaus licensed by the Bank of Uganda
Regulated lenders share repayment data with the bureaus. Lendbox keeps the full repayment history per borrower, so the record you report from is the record your officers see.
PAYE and NSSF
For SACCOs and lenders running staff loans, the payroll module's Uganda preset applies PAYE and NSSF and deducts staff loan repayments on the pay run; local service tax is noted as a caveat rather than computed.
Sources · UMRA — Uganda Microfinance Regulatory Authority · Tier 4 Microfinance Institutions and Money Lenders Act, 2016 · Reviewed .
Money in Uganda
The book, statements and reports run in Ugandan shillings. Repayments reach you on MTN MoMo and Airtel Money, and Lendbox records them against the loan; it does not sit in the mobile money flow.
Set the workspace currency to Ugandan shillings once and every loan, schedule, statement and financial statement follows.
Post a repayment against the loan when it lands, or the week's collections as a bulk batch from the Excel template.
Staff loans and payroll run in the same workspace, with the Uganda statutory preset applied to each pay run.
Pricing
Billing is in US dollars by card. The Ugandan shilling amounts below are converted at an indicative rate so a SACCO board can see the plans in the currency its budget is written in. See the full loan management software pricing in Uganda.
Prices shown in Ugandan Shilling (UGX)
UGX 110,000
/month
Billed yearly at UGX 1,300,000
UGX 370,000
/month
Billed yearly at UGX 4,400,000
UGX 560,000
/month
Billed yearly at UGX 6,700,000
UGX 770,000
/month
Billed yearly at UGX 9,250,000
Yes, for the lending side. Loan records, repayments, arrears and the accounting behind them run in Lendbox in Ugandan shillings. The savings and share registers stay in the system you keep them in; Lendbox does not run deposit accounts.
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 MTN or Airtel, so nothing is pulled automatically; the posting and the receipt are logged on the loan.
Lendbox gives you days in arrears per loan through the ageing buckets and the portfolio-at-risk report, by product, branch and officer. You present them in the form your return asks for; Lendbox does not file the return.
Yes, from the mobile app, as long as the phone has a data connection. Entries post straight to the book at head office. The app does not capture offline and sync later, so a meeting in an area with no signal is written up when the officer is back in coverage.
The schedule prints with interest, fees and penalties itemised, and the free interest rate converter on this site turns a flat monthly rate into the effective annual rate a licence may ask you to disclose.
Yes. The payroll module ships a Uganda preset with PAYE and NSSF, and staff loan repayments are deducted on the pay run. Local service tax varies by authority and is flagged as a caveat for you to apply rather than computed.
A Tier 4 lender with one branch starts on Basic; Business and Growth cover two and three branches with more staff logins. Billing is in US dollars by card, and the pricing grid on this page gives a shilling equivalent at an indicative rate so the board can see the amount in its own budget currency.