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Microfinance & Digital Lending

Sri Lanka's purpose-built microfinance software — Kredible by Konekt

Kredible is a complete digital lending platform built for Sri Lankan microfinance institutions, finance companies, and cooperative societies. Manage individual loans, group lending cycles, gold-backed advances, and field collections — all from a single system designed for how lending works here.
Request a Kredible demoExplore features
Golden-Hour Rural Finance Dashboard.webp
  • Built for Sri Lankan MFIs
  • CBSL reporting ready
  • Group & individual lending
  • Offline-capable field app

The Microfinance Reality

The operational challenges holding Sri Lankan MFIs back

Most Sri Lankan microfinance institutions are running on spreadsheets, manual registers, or generic banking software never designed for how microfinance actually operates.

Paper-based loan processing

Manual forms and handwritten ledgers slow loan origination, create reconciliation errors, and make audit trails impossible at scale.

No visibility into group lending cycles

Grameen-model group lending involves complex cycle tracking and joint liability rules. Generic software can't handle this — field officers resort to notebooks.

Gold loan valuation gaps

Gold-backed lending requires real-time valuation, pledge tracking, and auction triggering. Errors in weight or purity records create direct financial exposure.

Collection arrears without visibility

Without a real-time collection dashboard, arrears accumulate silently. Managers find out at month-end — when recovery is significantly harder.

Field officers offline

Loan officers in rural areas often have no reliable internet. Paper collections re-entered at the branch double the work and introduce errors.

Regulatory reporting is manual

CBSL returns and credit bureau submissions require data scattered across systems. Manual compilation takes days and carries audit risk.

Kredible by Konekt

Every module your microfinance operation needs — in one platform

Kredible is designed for Sri Lankan lending institutions. Each module maps to how microfinance actually operates locally — from village banking groups to urban gold loan counters.

Kredible loan management workflow showing loan application, review, approval, and disbursement in a matching pastel SaaS style.
Regulatory Compliance

Built with CBSL and credit bureau requirements in mind

Kredible generates CBSL supervisory returns in required formats, produces CRIB submission files, and maintains audit logs for onsite examinations. Maker-checker workflows and role-based access controls satisfy internal control requirements for licensed institutions.

  • CBSL supervisory return formats
  • CRIB submission file generation
  • Maker-checker approval workflows
  • Full audit trail with user timestamps
  • Role-based access controls
  • NPA classification and provisioning
Kredible regulatory compliance illustration with verified supervisory reports, maker-checker approvals, role controls, and a timestamped audit trail.
Implementation & Support

Local team with microfinance domain expertise

Kredible is implemented by Konekt's in-house team. We configure loan products, migrate existing data, train staff, and stay on call through go-live. Post-launch support goes to the same team that built the product.

  • Data migration from legacy systems
  • Loan product configuration
  • On-site staff training
  • Go-live support
  • Ongoing enhancement releases
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Kredible vs. The Alternatives

Why microfinance institutions choose Kredible over generic software

Generic banking software and spreadsheets weren't built for microfinance workflows. Here's what that difference looks like in practice.

CapabilityGeneric software / spreadsheetsKredible by Konekt
Group lendingGeneric software / spreadsheetsManaged in notebooks — no cycle tracking or joint liability rulesKredible by KonektBuilt-in group formation, cycle tracking, and batch repayment processing
Gold loan trackingGeneric software / spreadsheetsManual pledge registers; valuation errors create financial riskKredible by KonektItem-level tracking, configurable gold rates, automated renewal and auction triggers
Offline field collectionsGeneric software / spreadsheetsPaper receipts re-entered at branch; duplicate entries and delaysKredible by KonektOffline Android app syncs automatically on reconnection with digital receipts
CBSL returnsGeneric software / spreadsheetsManual compilation from multiple sources; 2–3 days per submissionKredible by KonektGenerated directly from live data in required CBSL formats
Arrears visibilityGeneric software / spreadsheetsDiscovered at month-end; recovery window is lostKredible by KonektReal-time PAR dashboard with automated borrower alerts
Accounting entriesGeneric software / spreadsheetsManual journals; month-end reconciliation takes daysKredible by KonektAuto-generated double-entry postings; branch P&L always current
Kredible by Konekt

The only microfinance software built specifically for Sri Lanka

Kredible was built here — for Sri Lankan lending products, the CBSL regulatory environment, and the field conditions local MFIs operate in. Grameen-style group lending, gold-backed advances, rural officer mobility, and Sinhala/Tamil borrower communication are first-class features, not add-ons. Kredible is a Konekt product. Your implementation team, support team, and product roadmap input all go to the same people who write the code.

  • Built in Sri Lanka, for Sri Lanka
  • Sinhala & Tamil interface support
  • NBFI and MFI configurations
  • Direct access to the product team
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Platforms

Products for microfinance & digital lending teams.

All platforms
kredible.webpKredibleCloud-based microfinance management system

FAQ

Questions microfinance & digital lending teams ask.

  • GuideKredible Website
  • Servicemobile app development Sri Lanka
  • Case studySoftlogic Finance web platform case study
  • Servicecloud hosting and managed infrastructure

Konekt provides Kredible — a microfinance platform built for Sri Lankan lending institutions covering individual loans, group lending, gold loans, field collections, and CBSL regulatory reporting.

Kredible by Konekt is purpose-built for Sri Lankan loan management — including Grameen-model group lending, gold-backed advances, and rural field collections — designed around local CBSL requirements and field connectivity challenges.

Yes. Kredible by Konekt digitises the full loan lifecycle — application, disbursement, repayment, and closure — including an offline-capable mobile app for field officers in rural areas without reliable connectivity.

Yes. Group lending is a core Kredible feature covering group formation, cycle-based disbursements, joint liability configurations, and batch repayment processing — including group meeting attendance recording.

Yes. Kredible's gold loan module covers item intake, weight and purity recording, valuation against configurable gold rates, pledge ticket generation, interest accrual, renewal, and auction triggering on default.

Yes. The Kredible Field App is offline-capable — collect repayments, record applications, capture KYC, and issue digital receipts without mobile data. Everything syncs automatically when connectivity returns.

Kredible generates supervisory returns in CBSL formats and CRIB submission files directly from the system. Your compliance team should validate output against current CBSL circulars as requirements evolve.

A standard implementation for a mid-size MFI with 3–10 branches typically takes 8–14 weeks covering configuration, data migration, staff training, and a parallel-run period.

See Kredible in action

Request a Kredible demo for your institution

We'll walk you through Kredible configured for your loan products — group lending, gold loans, individual credit, or the full suite. No generic demo; we show you your workflow.
Call+94770309135Emailinfo@konekt.lkOfficeNo. 285, 3rd Floor, Main Rd, Attidiya, Dehiwala, Sri Lanka

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Konekt

Sri Lanka's enterprise IT partner. Web, mobile, cloud, and eCommerce solutions delivered worldwide since 2016.

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