As a Microfinance Institution (MFB) or business owner, you know the struggle of trying to collect payments from customers. It can be time-consuming and sometimes stressful between failed payments and chasing up customers. But what if we told you that you could make it all a lot easier?
Lidya Collect is here to help! With Lidya Collect, you can improve your accounts receivables and make sure you receive all your payments without the hassle. It’s like having a personal assistant handling all your collections for you, like clockwork!
Here’s how it works: once you’ve onboarded your customers, you can request a Collect Authorization from them. From there, you can start collecting your payments on the date you choose and in the amount you need from multiple accounts. And if your customers need to make an adjustment in their payment, no problem! You can adjust the mandate to fit their needs.
So, why choose Lidya Collect over traditional collections methods? For starters, you’ll receive all your payments which means no more chasing down customers for what they owe you. At Lidya we have been using Collect to manage the loan repayments, getting a 99% repayment rate thanks to
it.
Our mandate authorization is active for a whole year, so you can have peace of mind that your collections will be taken care of, and no payment will be missed. Plus, you can target multiple customer accounts and have variable mandates to collect from each one, making it easy to adjust to each customer’s unique needs.
And the best part? Lidya Collect uses technology to determine the total amount to charge, the end date to charge, and how and when to charge your customers. And, if you have your own platform, you can use our Lidya Collect API to integrate with it and create custom repayment plans for your customers. It’s ten times better than the alternatives!
So, say goodbye to the stress of collections and hello to Lidya Collect! With our platform, you can focus on growing your business while we handle the collections for you. And your customers will be happy knowing they have a flexible and easy way to pay what they owe you.
Let’s make collections a breeze together!
