Free MFI Group Collection Sheet (Centre Meeting)
Set up each centre with its meeting day and members’ loans once. Before every meeting, print the sheet with this week’s installment and any arrears per member; after the meeting, enter what was collected and see DPD and portfolio at risk instantly.
Want this synced, automatic and collecting payments?
- Same workflow in a free FastFee account, on every device and for your whole team
- Automatic WhatsApp reminders before and after due dates
- Payment links, UPI and AutoPay with auto receipts and live “paid” status
What you get free in the MFI Group Collection Sheet
- ✅ Centres → groups → members
- ✅ Weekly / fortnightly / monthly cycles
- ✅ Reducing-balance installment suggestion
- ✅ Arrears carried automatically
- ✅ Attendance & signature column
- ✅ DPD, PAR and centre totals
Free alternative to MFI software for small lenders
| Tool | What it costs | What you get free here |
|---|---|---|
| FastFee MFI Group Collection Sheet | ₹0, no limits | Centres → groups → members · Weekly / fortnightly / monthly cycles · Reducing-balance installment suggestion |
| Core MFI / LMS software | Licence + per-loan pricing | Centre collection sheet with arrears and DPD, free |
| Excel collection sheets | Free but manual | No formula errors; arrears and DPD calculated |
Prices are approximate starting prices seen on public pricing pages and app listings in 2026 and change often; check each provider for current plans. Product names belong to their owners. FastFee is not affiliated with them. Paid tools often include features this free tool does not, such as accounting, GST filing or multi-user sync.
How to use the MFI Group Collection Sheet
- STEP 1Add the centreName, village, meeting day and time, loan officer, interest rate and repayment cycle.
- STEP 2Add membersGroup, name, loan, number of installments and first installment date (or paste a list).
- STEP 3Print before the meetingPick the meeting date: installment no., arrears and total due appear per member.
- STEP 4Enter collectionFill collected amounts and attendance, save, and send the centre summary to the branch.
Frequently asked questions
How is the weekly installment calculated?
On a reducing-balance basis: installment = P × r ÷ (1 − (1 + r)^−n), where r is the annual rate ÷ 52 for weekly loans and n is the number of installments. You can override it with your sanctioned installment.
What are DPD and PAR?
DPD (days past due) counts days since the oldest unpaid installment. PAR (portfolio at risk) is the outstanding of loans with any overdue as a share of the total outstanding; PAR30 counts only loans more than 30 days overdue.
Does this replace a loan management system?
It is a free field tool for small lenders and pilots. For many centres, offline field apps, receipts and branch dashboards, use FastFee Lending.
Is this tool free? Do I need to sign up?
Yes, it is completely free with no login and no limit on entries. Signing up for FastFee is optional. The free plan keeps your records synced across devices; automatic WhatsApp reminders, UPI AutoPay and team logins are on FastFee Premium.
Where is my data stored?
Only in your browser on this device (local storage). Nothing is uploaded to FastFee. Clearing browser data deletes it, so export a CSV or PDF backup regularly.