In most emerging countries, there is no shortage of initiatives and entrepreneurial spirit, but timely access to funds is a challenge. This is where Microfinance can do wonders.
Microfinance has a significant role in bridging the gap between the formal financial institutions and the rural poor and the microfinance software is robust that helps to automate all business activities. Microfinance Software provides you a smart banking functionality and enables to manage you to focus on other areas of business.Over the past few years, microfinance software institutions have shown impressive growth and have been instrumental in the cause of financial inclusion. These institutions are the only factor equipped to resolve the existing cash crunch among low-income individuals situated in the suburban and rural areas.
Our Next-Generation microfinance software built on the latest technology stack lets MFIs enable their people to prosper, build their businesses & drive economic growth in emerging markets.
Bundled with the Maker & Checker concept and comprehensive reporting features, this core module helps Microfinance companies manage & monitor their group loans efficiently.
This module is designed to improve customer service and features include loan application processing and approval, document preparation, insurance calculations, collections (both PDC & ECS) and reporting.
Field surveys done to identify areas and associated pin codes for the MFI operations can be captured. Member audit can also be done to weed out fake members.
Intelligent dashboards to quickly get the broader picture about the MFI and comprehensive reports to help management analyze the activities of the organization.
The e-KYC facilitates completion of KYC process online eliminating the need for filling up physical forms and submission of physical documents.
Loan disbursement can be done either NEFT / Cheque. Customer bank information will captured while enrollment and allowed to modify before disbursement.
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Integration of critical transactions using SMS and E mail makes communication easier and timely.
Assign multiple hierarchy levels for centre, branch & zone wise monitoring to improve performance tracking & loan surveillance
Helps field officers foray further into the field and enables on-boarding digitally as well as digital collections.
Data Backup with Complete Data Security, your Microfinance Company data saved on the cloud so no need to worry about data loss.
For the purpose of promotion of commerce, art, science, religion, charity or any other useful object, a company can be incorporated after obtaining section 8 license from the central government. The license is essentially permission to delete private Limited from the proposed name.
