Solutions
Loan tracking with interest that books automatically as time passes
Club loans are where spreadsheets fail fastest. Partial repayments, accruing interest, penalty fines, multiple borrowers. One misplaced formula and the treasurer is spending hours rebuilding balances. Fundify tracks every loan with automatic interest accrual, transparent payment allocation, and a real-time balance for every borrower.
Key features
Where spreadsheet loan tracking fails
A member pays UGX 300,000 toward their loan. How much goes to interest? How much to principal? If they also have outstanding fines, which gets paid first? The treasurer decides manually, differently each time.
Three members have active loans with different interest rates, different repayment dates, and different partial payment histories. The treasurer's spreadsheet has become a fragile web of VLOOKUP and IF formulas that nobody else can audit.
A member takes a quick loan. They don't repay in time, so it converts to a standard loan with a different interest rate. The treasurer has to go back to the spreadsheet, update the rate, recalculate the balance, and hope nothing else breaks in the process.
How Fundify tracks every club loan
Accrual-based interest engine
Interest accrues on every active loan once the accrual date passes, based on the loan product's rate and period. The system calculates the exact balance at any point, principal plus accrued interest minus payments made. No spreadsheet formula needed.
Named loan products
Create loan products like 'Emergency Loan (5% per 30 days)' or 'Development Loan (3% per 90 days)'. Each product defines the interest rate, interest period (7/14/21/30/60/90 days or custom), and whether the loan has a fixed duration or is open-ended.
Waterfall repayment allocation
If waterfall repayment is enabled, Fundify allocates each repayment automatically: outstanding fines first, then accrued interest, then principal. The member and treasurer both see the exact breakdown. No manual splitting, no disputes.
Part of the bigger picture
This is one part of a connected system. Here is how it links to other workflows in Fundify.
Contribution Tracking Software
Loan repayments are visible alongside contributions based on each member's role and permissions
Learn moreProfit Distribution Software
Interest earned on loans flows into your P&L as revenue and is factored into profit distribution based on each member's savings proportion
Learn moreFrequently asked questions
See how this fits your club
Start with a 2-month free trial, add your card, invite your members, and move your records out of spreadsheets.
Track club loans