Micro Finance Institutions or MFIs, have a unique business model. They are usually not-for-profit organisations, yet are in a segment that has traditionally involved high margins.
mPower from Milan Solutions is a dedicated solution built on Tally.ERP9 for MFIs. It helps MFIs manage membership activities, micro-loan disbursements, interest and instalments, repayments as well as loan rescheduling and default management. Further service products can be provided as add-ons in the solution, if required.
Benefits of mPower
Quick and comprehensive assessment of borrowers enabling faster recruitment of members.
Management of member meetings and interactions help improve service delivery.
Automated entries reduce staff time in data entry and also improve accuracy.
Helps faster service delivery gaining customer loyalty
MIS reports that warn of doubtful debts and defaults improving debt collection.
Reduced cycle time for loan recovery, thereby reducing recovery costs.
Ability to sell extended products range and Loan repayments.
For more information on mPower, please see this pdf link http://milansolutions.in/wp-content/uploads/2014/04/mPower-Presentation.pdf and also call +91 33 4006 9434.