Microfinance-The term itself describes its existence and role. As the first word is 'MICRO' ,is related to the individuals who are low in income. These could include women and the poor people who live under poverty. 'FINANCE' is the money which not only provides basic necessity of food and shelter but also gives wings to realize our dreams. So overall Microfinance is the tool which helps the poor person to achieve financial freedom.
Microfinance is a financial systems which supplements both financial and non-financial services.Financial services includes Small Loan, credits, Saving, Fund Transfers and insurance .Non financial services include business training,to improve their businesses, income and assets, health, nutrition, family planning, education of children, social support networks, and so on.In a broader way Microfinance help people living in poverty who wouldn`t usually qualify for regular banking services. It is more narrowly referred as loans and other services providers which classify themselves as MicroFinance Institutions.
Features of Microfinance Software
- Multi currency/ multilingual user definable
- Rescheduling / restructuring loans
- Unlimited addition of loan type and deposits
- Inbuilt pawning and leasing module
- CRM module: captures all customer information
- Customizable Event Driven Interest Procedure (EDIP)
- Liability and group lending.
- Pre sanction requirements.
- Gradually increasing loan amounts.
- Attractive schemes and benefits on fast repayment.
Various functions of Microfinance Institutions :
- Administration Settings
- Payroll Configure
At Finoserv you get the best value for your money because of the following advantages
- We develop software as per your requirement and business needs
- A very Affordable Microfinance Software cost that will suit your pocket and we can guarantee you that we can offer the price that comes under everybody’s budget.
- Before delivering you the Microfinance Software we make sure that it’s working properly by testing it over 100 of times and over 50 Platforms that is specially designed for this purpose.
- Everything that we had designed and developed with our Microfinance Software is just a part to make you successful on the Market.
- We always use latest technology to develop your software so that you can compete with your competitors in international market