Collect repayments simply and help borrowers run their business
CDFIs collect small loan repayments, raise funds, run training programs and support borrowers long after closing. With Finli, repayments can run on autopay, donations come in from a link, and borrowers can get their own invoicing and payment tools.
What gets in the way
Small payments, high touch
Microloan repayments are small and frequent, and many borrowers have not set up digital payments before.
Many kinds of money in
Repayments, grants, donations and program fees all arrive differently and need to be tracked separately.
Borrowers need tools too
A borrower who can invoice and collect digitally has steadier cash flow, which makes on-time repayment easier.
A week at a community loan fund serving microbusiness borrowers
- Loan closesThe CDFI's loan system sets the schedule, and a matching repayment invoice is set up for the borrower.
- Borrower on autopayThe borrower authorizes autopay by bank account, so payments arrive on schedule at no cost to them.
- Missed paymentIf a payment is missed, automatic email and text reminders go out before staff need to call.
- Workshop feesParticipants pay for a training cohort or class from a Pay-by Link.
- Donor givesA supporter gives through a donation link, and the gift settles in the CDFI's account.
- Borrower toolkitBorrowers send invoices and take payments with their own Finli tools, settling at their bank.
Built for CDFIs
Repayment autopay
Scheduled repayment invoices that borrowers pay automatically by bank account, matched to the CDFI's loan schedule.
Automatic reminders
Email and text reminders on missed payments, with every payment recorded on the borrower's record.
Donation links
Pay-by Link donation pages for individual supporters and campaigns.
Program and workshop fees
Invoice or share a payment link for training cohorts, classes and events.
Borrower business tools
Offer borrowers invoicing, payments and customer records, with funds settling at their own bank or credit union.
Financial education program
Sponsor a fully managed financial education program for borrowers under your brand, at learn.finli.com.
Borrower and donor records
Contact details, payment history and documents for each borrower, donor and participant.
For banks and credit unions
Banks and credit unions often partner with CDFIs to reach businesses that are not yet ready for a traditional loan. Offering a CDFI a branded program for repayments and borrower tools keeps its operating deposits at your institution and builds a path for its borrowers to become your business clients. Partnerships like this may support CRA consideration; your examiner decides.
Where these businesses grow next
- Operating and reserve accounts
- Treasury management
- Lines of credit for on-lending
Records each repayment with its date and method on the borrower's record, so staff can match payments to the CDFI's own loan servicing system.
Talk to our teamCommon questions
Does Finli lend or service loans?
Can borrowers pay without fees?
Can we offer business tools to our borrowers?
More in nonprofits and associations
Finli is offered through your financial institution
Banks, credit unions and community lenders offer Finli under their own name, so your payments settle with the institution you already use. Tell us where you bank and we’ll ask them for you.