Microfinance loan Management Software Bangladesh
Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support
entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. This system made a massive positive change in rural women life and rural economy.
Microfinance Institutions (MFIs) refer to those organizations who provide an array of financial services, including loans, savings and insurance, available to poor entrepreneurs and small business owners who have no collateral and wouldn’t otherwise qualify for a standard bank loan. Grameen Bank is generally considered the first modern Microcredit Institution in the world. Founded by Dr. Muhammad Yunus, Grameen Bank introduced group lending method to disburse collateral free loan among its group members. Later on this method of micro-lending was replicated by a no. of MFIs in Bangladesh.
Microcredit Regulatory Authority (MRA) is the central body to monitor and supervise microfinance operations of NGO-MFIs in Bangladesh. License from the Authority is mandatory to operate microfinance operations in Bangladesh as an NGO. Currently no. of MFIs licensed by MRA is around 700. Palli Karma-Sahayak Foundation (PKSF), an apex development organization, was established by the Government of Bangladesh (GoB) in May 1990, for sustainable poverty reduction through employment generation. A no. of MFIs receive low-cost financial assistance from PKSF and route this fund for their lending activities.
Multi-user Online web based with Multi Branches.
Access: ID based User Access, Role based User creation& Administrative Access.
Module based access: Branch, Area, Zone, Region, Head office, Consolidated.
Day book and Trial Balance, General Ledger & Financial Statements.
Loan: Ability to configure numerous loan products, Tagging Loan as per different loan categories and Tagging General Savings as per loan categories.
SMS service : SMS (push) service are available.
Automatic report consolidation (including Head office & all branches).
Cross Platform: Use in Mobile/Computer/Tablet and others.