Products
 

Integrated Micro Finance Management System

  • Functionality

  • Loan Portfolio Management
    • Unlimited number of Loan Products fully integrated with Financial Accounts
    • Parameterized Loan Product definition
    • Loan periodicity (weekly, Fortnightly/Bi-weekly, Monthly/Four-weekly, One-time, User-specific etc)
    • Flexible Service Charge Rate
    • Flexible Service Charge calculation Method (Flat Rate, Reducing Balance Method)
    • Service Charge Collection Method (Flat Rate, Reducing Balance Method)
    • Penalty / Re-schedule parameters
    • Loan Ceiling parameters
    • Auto Generation of Loan Repayment Schedule considering weekly and yearly Holidays.
    • Auto Generation of daily collection sheet at the opening of any typical day.
    • Tracking of loan aging and Loan Loss provision.
    • Strong Management of Loan Overdue, Advance, fractional installment collection etc.
    • Options available for irregular loan collection, Adjustment of Savings amount with Loan amount etc.
    • Saving Module linked with Loan Module

 

  • Savings Management
    • Configurable Unlimited number of Savings Products fully integrated with Financial
    • Accounts such as Compulsory Savings, Voluntary Savings, Special Savings and
    • Other types of savings.
    • Parameterized Savings Product definition
    • Savings periodicity (weekly, Fortnightly/Bi-weekly, Monthly/Four-weekly)- Flexible Interest Rate
    • Interest calculation Method (Daily Product, Monthly Minimum Balance, and Monthly Last Balance Method)
    • Interest accrual on monthly / yearly basis.
    • Accrued interest application at the end of each year.
    • Options are available for irregular savings collection, Savings Refund, Savings Interest     payment.
    • Information hierarchy
      • Member Level
      • Group Level
      • F/W (Field Worker) Level
      • Branch Level
      • Head Office Level
      • Consolidation Level

 

  • Financial Accounts
    • The chart of accounts is complete, consistent, flexible, and user-definable—
    • With five major categories for Assets, Liabilities, Equity, Income and Expenses
    • Fully configurable Financial Statements (Balance Sheet, Income Statement, Receipts & Payments, Cash Flow Statement).
    • Fully integrated with Loan Portfolio Management and Savings Management
    • Customizable Voucher Types (Debit Voucher (Bank/Cash), Credit Voucher (Bank/Cash), Journal Voucher, Contra / Transfer Vouch
    • Option available for Budgeting
    • Accounting processes (Month-End-Process, Posting Process/Undo Process, Year-END-Process)
    • Easy to use drill down reports
    • Information and Reporting hierarchy
      • Consolidation Layer
      • Organization / Company Layer
      • Branch Layer
      • Division Layer
      • Program Layer
  • Management Reporting and Analysis
    •  Around 80 standard reports for Loans, Savings, Financial, Analytical and Management report.
    • List of important reports those are available at Branch, Head Office and Consolidation level.

 

  • MIS Reports

  • Registers
    •  Admission Register
    •  Loan Disbursement Register
    •  Fully Paid Loan Register
    •  Group wise Subsidiary Register                                                                
    •  Member wise Loan Subsidiary Register
    •  Member wise Savings Subsidiary Register
    •  Savings Refund Register
    •  Balancing Register (Member Wise)
    •  Balancing Register (Group Wise)
    •  Loan Loss Provision Register
       
  • Regular Reports
    •    Collection Sheet
    •    Field Workers' Report (Group Wise)
    •    Field Workers' Report (Member Wise)
    •    Branch wise working area report
    •    Branch staff report
    •    Group wise balancing report
    •    Meeting Schedule
    •    Management Report Format-1 - Group and Member Report
    •    Management Report -2 - Loan Disbursement and Recovery Report
    •    Management Report -3 - Overdue Loan Classification
    •    Daily MIS Transaction Statement

  • Analytical Reports
    •    Branch Performance Report
    •    Sector wise loan disbursement Report
    •    Ratio Analysis Report
    •    Loan Portfolio Quality Report
    •    Operational Efficiency Report
    •    Loan Report (Field Worker Wise)
    •    Loan Report (Component Wise)
    •    Loan Classification and LLP report
    •    Group Rating Report


  • Financial Accounts Reports
    •    Transaction List (Dr, Cr, JV)
    •    Ledger (Detailed, Consolidated)
    •    Cash and Bank Book
    •    Bank Reconciliation Statement
    •    Trial Balance
    •    Budget Variance Analysis
    •    Income Statement
    •    Balance Sheet
    •    Cash Flow Statement
    •    Receipt and Payment Statement



  • Technical Features
    • The software uses Oracle 10g as Database and Oracle Developer 6i as front-end.
    • The software runs in all standard operating systems:
      Windows 9x, Windows 2000 Server, Windows 2000 Advanced Server, Windows2000
      Professional, Windows XP, Windows Server 2003, Linux.
    • The system performs well with any number of concurrent users and transaction traffic.
    • The system has strong security feature. Users can be created assigning different level of  privileges.
    • Backup and recovery utilities for full and incremental backups are built-in and easy to manage.

 

 


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