DEV3 Seedpurse – Loan Management and Microfinance Laravel Script with Group Loans, Field Collections and PAR Reports

Seedpurse is loan management software for one lender with branches: a microfinance institution, credit cooperative, finance company, SME lender or salary-advance business. It is built by DEV3 Technologies on Laravel 12 and Filament 4. You install it once for your organisation; branches, centres, officers and borrowers all live inside that one install.

What it does

• Loan products you configure. Flat, declining balance (equal instalments), declining with equal principal, or interest-only with a balloon; weekly, fortnightly or monthly; day basis 30/360 or actual/365; limits, fees (upfront, added to the loan or spread), grace periods, penalties with caps, allocation order and prepayment rules. A schedule simulator shows every instalment, the total cost and the effective annual rate before anything is saved.
• Individual and group loans. Clients with encrypted national IDs, KYC files checked by a second person, groups and centres with joint liability, guarantors and collateral records.
• Appraisal and approvals. A cash-flow worksheet, debt-to-income, a rule score with weights you set, approval chains by amount with n-of-m signatures and maker-checker: nobody approves their own work.
• Agreements and disbursement. A signed agreement PDF (the borrower draws a signature on screen), then cash from a teller's till, a bank transfer or mobile money. Seedpurse records the payout and exports bank files; it moves no money.
• Collections in the field. A phone-first page for credit officers: the day's centre meeting, amounts due, one-tap payment entry, an offline queue that syncs once when the signal returns, visits and promises to pay.
• Tills and cash. Open, take receipts, pay out, bank, count and close, with shortages approved by a different manager.
• Arrears, penalties and restructuring. Penalties accrue daily within your caps, receipts are allocated in your order, and backdated or reversed receipts replay the ledger so the books equal what would have happened on time. Restructure with a new schedule version, settle early with a quote, waive with a second signature, write off and book recoveries.
• Borrower portal. Loans, next instalment, schedule, PDF receipts and statements, a simulated repay page and top-up requests.
• Reports and exports. PAR1, PAR30 and PAR90 by branch, officer or product, collections efficiency, arrears ageing, disbursements, write-offs, caseload and cash position, each as CSV; balanced journals exported as CSV for your accounting tool; a REST API with an OpenAPI document and signed webhooks.

Quality checks

The release passed seven gates on the final code: Larastan level 6 with 0 errors, a Pest suite of about 490 tests, a build well inside the page budget, migrations and the full demo seed on MySQL 8 and SQLite, a headless smoke test with race checks on MySQL, the installer driven from the zip, and a secret scan. Schedules, settlement quotes and payment allocation are checked against 195 vectors produced by independent Python programs that share no code with the PHP, and a reconciliation command proves schedules, allocations, balances, penalties, journals and tills agree.

What you should know before buying

• Seedpurse moves no money. Disbursements and repayments are recorded (cash, bank, mobile money) and exported; it connects to no payment gateway or mobile-money provider. Online repay is simulated.
• No deposit-taking or savings accounts. Cash collateral is a recorded liability only.
• No credit-bureau integration. The score is a rule score with weights you set, not a model and not an automated decision.
• Rates, fees, penalties, taxes and limits are settings you choose. You are responsible for using values that suit the rules that apply to you, and for preparing any regulatory returns from the CSV exports. The effective rate shown is a computed disclosure, not a regulatory filing.
• One lender per install. Branches, not tenants. Web only: responsive field, counter and borrower views, no native mobile apps.
• Not a full general ledger. Balanced journals are exported to your accounting tool.
• SMS and e-mail reminders are written to a log until you connect a provider.
• Requires the PHP gmp extension (exact loan arithmetic). The installer checks it and will not continue while it is missing. Use MySQL or MariaDB for a live site; the concurrency checks were run on MySQL 8. A cron entry every minute is required; no queue worker is needed.

Included

Source code, the web installer, a buyer guide, demo data for a fictional lender (four branches, 26 centres, about 9,600 clients, 1,240 groups and two years of loans), a cron entry for the scheduler, and six months of support.