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.