VeriLend, Qualica's microlending solution, offers a range of benefits.

Payroll deduction based business model
VeriLend reduces lender risk by integrating with employer payroll systems. This assures loan repayments as deductions are made before salaries are paid to employees. Using an affordability calculator tailored to each of the markets in which the operator is located, lender risk may be further reduced. The affordability calculator helps to prevent a debt spiral, where the debt burden is greater than the ability to service.

Designed for emerging market conditions
VeriLend overcomes the challenges of poor or unreliable connectivity, intermittent electricity supply and a lack of onsite technical support. VeriLend is designed to provide high levels of service in this environment. Backed by integrated support and service management, the system is used by medium to very large-scale microlenders who typically conduct their business in geographically diverse locations.

Infrastructure and Software as a Service (IaaS, SaaS)

Qualica's 'support and operate model' provides lenders the ability to outsource the management of the infrastructure and the backoffice operational components to Qualica.

Management and operational reports
Reporting is essential to management, both strategically and tactically. Informed business decisions cannot be made if management has no clear view of organizational performance. Non-performing loans can be quickly identified and pushed into your credit lifecycle management systems.

Business continuity and reliability
Verilend includes fully redundant service components. The software ensures the highest possible availability, while high reliability is possible on the commodity hardware specified. VeriLend is resilient to communication failures, should connectivity to a remote branch be interrupted the branch can continue to operate in an offline mode and synchronise with head office via alternative connectivity or even by using a courier to ship USB flash sticks.

Intuitive and easy-to-use
The VeriLend application is browser-based and has been designed with the user in mind. Due to the simplicity of the application, training costs are reduced.

Regional support
All VeriLend installations are supported and maintained remotely by the Qualica service desk in Johannesburg, South Africa, significantly reducing total cost of ownership for lenders. Regional support, in the same or similar time zone, is also important in terms of issue turnaround and application customisation times.

"Instant" credit check
The risk of non-performing loans can be mitigated. VeriLend can be integrated into third-party or government credit vetting organisation such as Experian or government central registeries.

Professional services

Qualica is able to offer customisable module development on a case-by-case basis.

Director
Leading Pan-African
Microlender