What eTIMS Billing Software does for a microfinance institution
eTIMS billing files a compliant tax invoice with KRA on every sale, with no manual entry. For a microfinance institution, the value shows up exactly where the work is hardest.
Microfinance institutions track borrowers, loans, repayments, savings accounts and compliance. Microfinance margins come from interest income on loans.
Regulators expect clean loan portfolios and transparent interest calculations. Veira handles that as part of the same sale, so compliance is not a separate evening job.
Microfinance Institutions run differently, and the software should too
A generic till misses the details that decide whether a microfinance institution makes money. These are the ones that matter:
- 1
The daily reality
Borrower tracking and repayment follow up. eTIMS Billing Software built for a microfinance institution turns that into a number you can act on, and you also issue a KRA compliant eTIMS invoice on every sale.
- 2
Where the margin leaks
Loan portfolio management. eTIMS Billing Software built for a microfinance institution turns that into a number you can act on, and you also queue invoices offline and submit when reconnected.
- 3
What slows the counter
Interest and fee calculation. eTIMS Billing Software built for a microfinance institution turns that into a number you can act on, and you also keep a clean audit trail you can export in one click.
- 4
What buyers expect
Regulatory compliance. eTIMS Billing Software built for a microfinance institution turns that into a number you can act on, and you also give registered buyers the invoice they need to claim input VAT.
What to look for in eTIMS Billing Software for a microfinance institution
- eTIMS filing built in, not a separate fee. This matters for a microfinance institution because of borrower tracking and repayment follow up.
- Offline queueing so an outage does not stop billing. This matters for a microfinance institution because of loan portfolio management.
- An exportable audit trail. This matters for a microfinance institution because of interest and fee calculation.
- Support that handles KRA onboarding with you. This matters for a microfinance institution because of regulatory compliance.
A notebook and a basic till, or Veira
| Notebook or basic till | Veira | |
|---|---|---|
| Counting stock | By hand, rarely matches the shelf | Live by item, branch and value |
| M-Pesa at the counter | Checked on a separate phone | Matched to each sale automatically |
| eTIMS invoices | Typed in later, if at all | Filed on every sale, even offline |
| Knowing your numbers | A monthly guess | Live margin and takings on your phone |
A real microfinance institution example
A Kisumu microfinance with 1,000 active loans cannot track repayments, defaulters or interest income.
- Borrower tracking and repayment follow up.
- Loan portfolio management.
- Interest and fee calculation.
- Issue a KRA compliant eTIMS invoice on every sale.
- Queue invoices offline and submit when reconnected.
- Keep a clean audit trail you can export in one click.
Every sale on Veira files a compliant KRA eTIMS invoice, online or offline. Regulators expect clean loan portfolios and transparent interest calculations.
eTIMS billing files a compliant tax invoice with KRA on every sale, with no manual entry. Here is what that looks like with Veira:
- Issue a KRA compliant eTIMS invoice on every sale
- Queue invoices offline and submit when reconnected
- Keep a clean audit trail you can export in one click
- Give registered buyers the invoice they need to claim input VAT
Related questions
Frequently asked questions
Is eTIMS Billing Software hard to set up for a microfinance institution?
Does it keep working offline?
Does it handle M-Pesa for a microfinance institution?
Is it KRA eTIMS compliant?
How much does eTIMS Billing Software cost for a microfinance institution in Kenya?
Can it run more than one microfinance institution?
Based on KRA eTIMS regulations and interviews with 5,000+ Kenyan businesses
Whether you run one microfinance institution or several across Kenya, Veira gives you eTIMS billing that fits the trade instead of fighting it. Book a free demo and see it work with your own small loans and credit.