Ctech Systems Limited has introduced Ctech Loan265, a cloud-based loan management system designed to help savings and credit co-operative societies (SACCOs), microfinance institutions and other lending businesses digitise their operations.
The system provides a centralised platform through which financial institutions can manage the entire loan cycle, from customer registration and applications to approvals, disbursements, repayments, arrears monitoring and reporting.
Ctech Systems Technical Sales and Marketing Officer Chimwemwe Mwalwanda said the system has been developed to provide financial institutions with a practical digital solution for managing their lending operations.
“Ctech Loan265 is designed to simplify loan management by bringing the different stages of the lending process onto one platform, giving institutions better control and visibility of their loan portfolios,” she said.
The platform features customer management, loan processing and approval workflows, automated repayment schedules, interest calculations, repayment tracking, portfolio monitoring, dashboards and reports.
It also has role-based access controls and audit trails to strengthen accountability and security in the management of financial information.
Mwalwanda said being cloud-based means authorised users can securely access the system online, reducing reliance on manual records, spreadsheets and software installed on individual computers.
Ctech Loan265 is offered under a Software-as-a-Service (SaaS) model, allowing SACCOs and growing financial institutions to subscribe to the service without making significant investments in developing and maintaining their own loan management infrastructure.
According to Ctech Systems, the system gives management greater visibility of loan performance, outstanding balances, repayments and arrears, which can support operational efficiency and decision-making.
Developed in Malawi, Ctech Loan265 is part of Ctech Systems’ efforts to develop digital solutions for the financial sector.
