Phurita is cloud software for lenders who collect in person. Your collector records a repayment on a phone, your branch confirms the cash, and the member's loan ledger, the day book and the trial balance all move together — not at the end of the month.
Most lenders run a loan register, a collection diary and a separate set of books, and spend the month reconciling all three. Phurita is the one place where a loan is created, serviced, collected and posted.
Member enrolment with KYC records, loan requisition, approval by role, and disbursement with fees deducted and the schedule generated in the same step.
Schedules for daily, weekly and monthly cycles, on flat or reducing pricing, with the awkward real-world cases handled rather than avoided.
Collection sheets by route, receipts issued on the spot, and an overdue list that tells you who to visit tomorrow.
Every disbursement, repayment, fee and deposit writes its own double-entry voucher, so the statements are a view of the operation rather than a monthly rebuild.
The hardest problem in this business is not the interest calculation — it is knowing that what a collector wrote down and what reached the branch are the same number.
On the Android app. The member's instalment is settled and they get a numbered receipt on the spot.
The office counts the cash and approves the batch. Until then the entry is pending, not posted.
The instalment is applied, the running principal drops, penalty or advance handled by rule.
The matching voucher is written automatically. Day book and trial balance stay in step.
Phurita is hosted, so there is no server to buy, no backup to remember and no upgrade weekend. What you get is a workspace of your own.
Not a shared table with a company column — a separate schema. Your members and your books are never in the same place as anyone else's.
Reached at your own workspace address, with your logo and colours on the screen your staff use every day.
Members, loans, savings, deposits, accounts, collectors, mobile. A module that is off is not merely hidden — its screens are closed.
Including the one about what Phurita does not do yet.
Lenders who make small loans and collect them in person: microfinance institutions, NBFCs, co-operative societies and private lending companies running one or many branches with a field collector network.
Yes. Daily, weekly and monthly cycles are first-class, and different schemes can run different cycles at the same time. Flat pricing — where the interest is already inside the amount you hand over — is supported alongside reducing balance.
Yes, an Android app. A collector can enrol a member, file a loan requisition and record a repayment, and the member gets a numbered money receipt on the spot.
A collection recorded on the phone settles the member's instalment but waits in a pending tray until the branch confirms the cash in hand. Only then is it posted to the accounts, so the books and the cash box agree at the end of the day.
Every company gets its own database, not a shared table with a company column. Sessions are scoped to your own address, so a login on one workspace is not valid on another.
No. Phurita is hosted, backed up nightly and kept patched. You need a browser, and an Android phone for the field app.
Accounting is built in and it is double-entry. Disbursements, repayments, fees, savings and deposit transactions post vouchers automatically, and the day book, ledgers, trial balance, profit and loss and balance sheet are produced from those postings rather than typed in again.
Yes. Members, loans, savings, deposits, accounts, collectors and the mobile app are separate modules. A module that is off is not just hidden from the menu — its screens are closed.
A workspace is created the same day. What takes the time is your data: branches, loan products, staff and collectors, and the loans already running on your book. We set that up with you rather than handing over an empty screen.
Not today. Phurita records KYC documents but does not perform electronic verification, credit bureau enquiries or online payment collection. These are integrations we can discuss — and we would rather tell you plainly than let a feature list imply otherwise.
We will set up a workspace with your branches, your loan products and your collector network, so you can judge it on your book rather than on a slide.