Hire Purchase · Accra & Kumasi
From spreadsheet schedules to a live asset book
Horizon replaced three desktop tools with OrbitMFI hire purchase, cutting PAR 30 and giving collectors a daily watchlist.
38%
reduction in PAR 30 in two quarters
Challenge
Horizon financed vehicles and appliances across two cities with schedules in Excel, receipts in a cashbook, and assets in a filing cabinet. Repossession decisions were made from memory.
Approach
- Migrated 4,200 live agreements and remaining instalments.
- Issued branded statements and MoMo payment links.
- Turned on missed-payment alerts and a repossession watchlist.
- Trained 18 collectors on ranked worklists instead of paper cards.
Results
- PAR 30 down 38% in two quarters.
- Statement disputes halved.
- Average time-to-receipt posting fell from next day to under three minutes.