Microfinance Software


Members Registration, User Management, PO Management, Insurance Management, Loan Security Management, Loan Processing, Financial Accounting, Fund Management for Head Office & Branch, Loan Disbursement, Loan Recovery, Agent Ranking & Reg. Scheme Master, Commission Calculation, Agent Tree & Target and more.

Branch Management:

A branch management module contains all the information related to division, region and branch offices. It will manage the MFI's organizational hierarchy.

Features include: New Division Office, New Regional Office, and New Branch Office & Portfolio-Backlog Transfer.

Product Management:

Products are a financial offering to the customers from MFIs and are governed by rules specified by the microfinance organizations and these rules are different for various products.

Features include. Create Loan Product, Assign Service Tax, Create Survey Field, Loan Gradation, Registration Fee & Written-Off Master.

PO management module consists of group master and employee master. Through group master user can create new group. Groups are at the heart of the micro finance methodology. On the other hand employee master helps to store the employee details. The user can easily assign a group to a PO.

Features include: Create Group, Employee Registration & Assign Group to PO.

Key Modules

User Management:

This module defines access restrictions and user management by using roles. There are five level hierarchies of user based of roles. Such as Administrator, Division Manager, Regional Manager, Branch Manager & Teller. Features include:В  Create User, Change PasswordВ  and User data entry status.

Insurance Management:

This module manages the customer death settlement with the Insurance Company.

Features include: Death Document From Branches, Claim Observed, Claim Insurance, Claim Received, Death Outstanding Settlement & Reclaim Rejected Claim.


Members Registration:

This module takes care of customer survey & group formation. User can manage the customer survey fields through "Create Survey Field" sub-module. It manages to create a member, modify member details & transferring members between two groups with backlog portfolio.

Features include: Customer Survey, Survey Review By BM, Survey Review By RM, New Member Registration, Edit Member & Group To Group Transfer.

Loan Security Management:

Most of group member are not able to pay at a time the security. So we are to collect loan security day to day viz weekly basis. The module able to keep such types of records. The manager can be taken assistance whenever he nees from the module.



Loan Processing:

Loans help fulfilling the goal of MFIs by providing credit to

the customers. With the help Loan Processing Module MFIs could identify the proper & suitable customer. It manages the loan documentation & loan processing status. Loan-Recycle system is maintained by Loan-Recycle sub-module.

Features include: Document Submit, Loan Processing & Loan Recycle.


Financial Accounting:

A complete financial accounting module, allowing to do not only the portfolio accountancy but also the administrative accountancy, that is integrated with all of the other modules covering features you find in most of the off-the-shelf accounting packages such as Cashbook, General Ledger, Trial Balance & Cash Flow.

Features include: Account Register, Opening Balance Register, Account Contra Entry & Journal Entry.



Fund Management for Head Office:

The fund management module supports fund receive, fund payment, fund allocation to branch and fund transfer from one branch to another.

Features include: Fund Type Master, Fund Master, Fund Received, Fund Payment & Fund Allocation.

Fund Management for Branch:

This module takes care of the fund for branch office. The Regional Manager manages the fund transfer between branches.

Features Include: Fund Received By Branch, Fund Payment By Branch, Fund Transfer & Branch To Branch Payment.



Loan Disbursement:

When a loan is disbursed to a customer, the system generates an installment amount & various charges on the basis of the loan product and automatically schedule the loan due date according to the holiday master and grace period. All the respective ledgers get updated automatically. At the time of Loan disbursement, Security amount has been deposited to Security account against Loan Number on the basis of loan product. When loan has been paid, the system shows the paid Loan No. If the customer withdrawals the security amount, the customer account shows in the "drop out" interface. The user may drop out the customer account. Death Settlement module manages the customer death. If a customer is dead, the user may return the security amount to the customer without paying the loan amount. The loan outstanding is exempted from Reserves & Surplus Account or any other sources. The dead customer does not calculate in the Ageing-PAR analysis. Features include: Disburse Loan, Return Security

Amount, Drop Out Member & Death Settlement. This module defines access restrictions and user management by using roles. There are fife level hierarchies of users based on roles. Such as Administrator, Division Manager, Regional Manager, Branch Manager & Teller.

Features include: Create User, Change Password & User Data Entry Status.

Source: www.verp.in

Category: Payday loans

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