What M-Pesa Payments and Reconciliation does for a microfinance institution
It links every Buy Goods, Paybill and Pochi payment to the matching sale, so the till balances itself. 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. M-Pesa Payments and Reconciliation built for a microfinance institution turns that into a number you can act on, and you also accept Buy Goods, Paybill and Pochi la Biashara in one place.
- 2
Where the margin leaks
Loan portfolio management. M-Pesa Payments and Reconciliation built for a microfinance institution turns that into a number you can act on, and you also match every M-Pesa payment to its sale automatically.
- 3
What slows the counter
Interest and fee calculation. M-Pesa Payments and Reconciliation built for a microfinance institution turns that into a number you can act on, and you also close the day without chasing missing payments.
- 4
What buyers expect
Regulatory compliance. M-Pesa Payments and Reconciliation built for a microfinance institution turns that into a number you can act on, and you also see takings by cashier, shift and branch.
What to look for in M-Pesa Payments and Reconciliation for a microfinance institution
- Automatic matching of payments to sales. This matters for a microfinance institution because of borrower tracking and repayment follow up.
- Support for Till, Paybill and Pochi la Biashara. This matters for a microfinance institution because of loan portfolio management.
- Per cashier and per shift reconciliation. This matters for a microfinance institution because of interest and fee calculation.
- A clear daily variance report. 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.
- Accept Buy Goods, Paybill and Pochi la Biashara in one place.
- Match every M-Pesa payment to its sale automatically.
- Close the day without chasing missing payments.
Every sale on Veira files a compliant KRA eTIMS invoice, online or offline. Regulators expect clean loan portfolios and transparent interest calculations.
It links every Buy Goods, Paybill and Pochi payment to the matching sale, so the till balances itself. Here is what that looks like with Veira:
- Accept Buy Goods, Paybill and Pochi la Biashara in one place
- Match every M-Pesa payment to its sale automatically
- Close the day without chasing missing payments
- See takings by cashier, shift and branch
Related questions
Frequently asked questions
Is M-Pesa Payments and Reconciliation 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 M-Pesa Payments and Reconciliation 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 M-Pesa payments that fits the trade instead of fighting it. Book a free demo and see it work with your own small loans and credit.