Colombia
Loan collection software for lawful Colombian microcredit operators
Colombia has formal microcredit for urban and rural microenterprises, and an illegal informal daily-lending trade that operators must stay well away from. Vasool Raja can be set up for a Colombian company to keep lawful loan records clear and auditable.
Company setup for Colombia
A company set up for Colombia uses COP (shown as $), the America/Bogota time zone and the +57 calling code. Business dates follow Colombian time.
The app interface is available in English, Hindi and Tamil. There is no Spanish interface at present.
Formal credit, not gota a gota
The informal practice known as gota a gota or paga diario is linked by the National Police to excessive interest, intimidation and coercion. Vasool Raja must never be used to operate unlawful lending or coercive recovery.
The Superintendencia Financiera de Colombia publishes certified rates for distinct credit categories, so a single generic monthly rate is not enough to show compliance. Vasool Raja is record-management software; it does not provide loans or financial services and does not check your rates. Confirm your legal authority and permitted pricing with the Superintendencia Financiera or a local advisor; this page is not legal advice.
Accurate records for large numbers
COP values are large, so accurate entry and an audit trail matter more than a familiar notebook. Each payment is recorded against the loan, corrections leave a trail, and the outstanding principal stays visible.
- Principal, interest and penalties tracked separately
- Statements and payment history exportable as PDF
- Closures and discounts sent for approval if you choose
Running lines and field teams
You can run daily, weekly, monthly or monthly-interest lines, assign agents with role permissions, capture collections offline and close each day with a combined cash and bank tally. Reminders support respectful follow-up.
Pricing for Colombian companies
Published plan prices are in INR. Email fintrackhelp@outlook.com about billing for a company in Colombia. A 60-day free trial is available.
Reviewing the book
Portfolio health groups loans as running, late, bad or completed, and overdue drilldowns show which borrowers need a call. Profitability reports bring interest, expenses, discounts and penalties together, and approvals can be required for loan creation, expenses and day close so a second person checks sensitive actions.
Common questions
Can I use Colombian pesos in the app?
Yes. A company set up for Colombia uses COP, America/Bogota time and +57 phone numbers.
Is there a Spanish version?
Not at present. The interface is available in English, Hindi and Tamil.
Does Vasool Raja confirm my interest rate is within the certified limit?
No. The app keeps records only. Check permitted rates and your legal authority with the Superintendencia Financiera or a local advisor.
How do I pay for a plan from Colombia?
Published prices are in INR. Email fintrackhelp@outlook.com to discuss billing for a Colombian company.
See it with your own lines
Start with a 60-day free trial.
No card required. Vasool Raja is record-management software and does not provide loans or financial services.