Employee, Member/Clients, Groups, Samity/Centers

All features related to the creation and management of these entities and their movement through a state process flow (pending approval, approved/active, closed, canceled).

  • Uniqueness check for clients as per national ID. If not available, uniqueness checked by name & birth date
  • Loan cycle configurable product/member wise
  • Support for client photos
  • Member transfer among samities and/or branches
  • Memberwise detail profile with loan and savings transaction behavior
  • Branch-level & Samity/Center level holiday configuration
  • MFI’s staff and borrowers details
  • MFI’s working area information up to village level
  • Automated MFI members Loan and Saving information
  • All types of transactional Information
  • Execute Day End process for closing Transaction.
  • Validation and authorization process before day end to ensure correct data entry
  • Primary product transfer validation
  • Supports configurable features for inactive members
  • Field officer / PO change facility with transferred statement
  • Samity/center day change

Loan Products & Loan Accounts

  • Define unlimited number of loan product types with customizable repayment behavior
  • Interest calculations:
    • Flat
    • Declining balance – equal monthly installments (EMI)
    • Declining balance – equal principal installments
    • Declining balance – Index Based
  • Loan-wise predefined schedule preparing
  • Ability to schedule loan disbursals and repayments independent of meeting schedules
  • Loan defaults based on previous loan amounts or cycle
  • Define grace periods for loan repayments
  • Support for periodic fees, fees deducted at disbursement, one-time fees, and penalty charges
  • Support for early & partial loan repayments with rebate facility
  • Display of loan repayment schedules and detail loan account activity pages
  • Automatic update of repayment schedule if client/group’s meeting day changes
  • Variable loan installments
  • Support for adjustments
  • Allows loan write off
  • Automatically change loan account state
  • Repay total loan at any point in loan cycle
  • Add notes to loan records
  • Support for loan rescheduling
  • Support for back-dated payments with automatic voucher update
  • Ability to generate voucher and receipts directly from loan account page

Shares Product & Shares Accounts

  • Define an unlimited number of Share Products
  • Add notes to Shares record
  • Auto mandatory Shares create when member gets admission

Savings Product & Savings Accounts

  • Define an unlimited number of savings products
  • Set-up “Voluntary” or “Mandatory” accounts with specific minimum deposits for mandatory accounts and “suggested” deposits for voluntary accounts
  • Add notes to savings record
  • Saving interest auto calculation
  • Auto mandatory savings create when member gets admission

Search & Browse for Clients & Accounts

Search for client, group, and center by name or system ID. Includes support for “like” searches (i.e., searching for “S” will display all clients with first and last names that start with S.
Search for loan or savings account by account ID
Search option with date range, prefix, product wise etc.