A Prototype Implementation of Micro finance Solution

Abstract

An Prototype Implementation of Microfinance Solution has been Designed and Developed that project financial inclusion workflow driven Microfinance business solution deals with Micro Finance information system. This has been developed to meet requirements of local NGO & Financial Cooperative Society who are deals with microcredit loan program including savings scheme. This software solution will cater those problems and requirements of MFI and help them to be productive and efficient in their field to gain competitive advantage. “An Prototype Implementation of Microfinance Solution” is a web based Microfinance loan management system, which would automate the loan processing system of MFI. It also facilitates stakeholder details management, general ledger, loan trial calculation, management information, reports, facility follow-up, closure and day-end process. The aim of this project is to providing online real time synchronized financial business automation of the Microfinance institution such as, weekly/monthly deposit collection, micro-credit loan product disbursement and weekly/monthly installment recovery information including Management Information System or MIS reports.