Microfinance Software

Allows setting up of different types of contacts (e.g., guarantors and nominees) and customers (e.g. individual, partnership, group and corporate customers)

Creates new field dynamically if necessary for KYC (Know Your Customer)

Sets up customer management by branch, center, group and/or group member

Supports current deposits, savings deposits, short-term deposits, recurring deposits and fixed deposits

Supports different business policy-wise interest calculations

Sets up interest rates according to product, slab or account type

Supports different repayment methods for term loans including one-time payment loans

Customize interest rates by variable or fixed interest rates for individual customer

Restructure and reschedule loans by customer or group

Allows users to buy and sell foreign currency as per the organization’s currency rate setup

Generates collection and disbursement sheets and updates batch-wise data for Microfinance organizations

Processes cash and cheques deposits under a single transaction   

Sets up loan collaterals of every type for Microfinance Institutions 

Allows the management of collateral coverage

Enables revaluation of loan collaterals

Manages externally borrowed funds from organizations like PKSF, banks and other investors with an overview and detailed reports. Helps manage other tasks like repayment schedule and collection, interest provision and funnd-related (Bangladeshi Funding Organization) OLRS reports generation.

Provides cheque requisition, printing and delivery instructions and cheque book issuance to microfinance customers from the system

Allows managing and cashing of cheques from own and other banks

Prevents duplicate borrowing from multiple branches by single customer. Maintains authenticity through voter ID, photo identification and signature

Check everything thoroughly and easily, be it your MFI’s financial health or individual passbook. Vigorous organizational audits helps to stay up-to-date, make profitable decisions, and run your organization more effectively.

Manages all the scheduled activities from the issuance to maturity of local and foreign bonds, MTNs and EMTNs. 

System features include auto generation of almost all transactions. It covers customer database, sales, encashment, auto coupon accurals and payment, accounting and reports, etc.