What eTIMS Billing Software does for a money lender
eTIMS billing files a compliant tax invoice with KRA on every sale, with no manual entry. For a money lender, the value shows up exactly where the work is hardest.
A lender holds borrower records and cash floats, so each loan and repayment must be tracked precisely. Income comes from interest on outstanding loans, so accurate tracking of who owes what decides profit.
Microfinance lenders need to issue compliant receipts for loan disbursements and repayments, and KRA expects clean records. Veira handles that as part of the same sale, so compliance is not a separate evening job.
Money Lenders run differently, and the software should too
A generic till misses the details that decide whether a money lender makes money. These are the ones that matter:
- 1
The daily reality
Borrowers who default or disappear. eTIMS Billing Software built for a money lender 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
Tracking loan amounts and repayment dates. eTIMS Billing Software built for a money lender turns that into a number you can act on, and you also queue invoices offline and submit when reconnected.
- 3
What slows the counter
Cash paid out and collected in small amounts. eTIMS Billing Software built for a money lender 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
No receipts issued for payments received. eTIMS Billing Software built for a money lender 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 money lender
- eTIMS filing built in, not a separate fee. This matters for a money lender because of borrowers who default or disappear.
- Offline queueing so an outage does not stop billing. This matters for a money lender because of tracking loan amounts and repayment dates.
- An exportable audit trail. This matters for a money lender because of cash paid out and collected in small amounts.
- Support that handles KRA onboarding with you. This matters for a money lender because of no receipts issued for payments received.
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 money lender example
A Kisumu money lender running 200 active loans loses track of repayments when records are scattered across notebooks.
- Borrowers who default or disappear.
- Tracking loan amounts and repayment dates.
- Cash paid out and collected in small amounts.
- 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. Microfinance lenders need to issue compliant receipts for loan disbursements and repayments, and KRA expects clean records.
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 money lender?
Does it keep working offline?
Does it handle M-Pesa for a money lender?
Is it KRA eTIMS compliant?
How much does eTIMS Billing Software cost for a money lender in Kenya?
Can it run more than one money lender?
Based on KRA eTIMS regulations and interviews with 5,000+ Kenyan businesses
Whether you run one money lender 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 personal loans.