MicrofinPlus – The Complete ERP Solution for Microfinance Organization
"MicrofinPlus"- A web-based software designed by Ambala IT to manage microcredit operations in the field to the top level for microfinance institutions. It offers a comprehensive solution that automates day-to-day processes such as monitoring, real-time posting, collection sheet printing, member admission, disbursement, collection, and related voucher entry, as well as generating all necessary reports from the head office. MicrofinPlus allows financial organizations to manage their portfolios effectively, reduce operational costs, and improve client satisfaction. Offers a fully integrated platform combining Microfinance program management with essential modules like Accounting, HR and Payroll, Inventory, Fixed Asset Management, and Procurement. This seamless integration enhances operational efficiency with all core functions in one unified solution.
-
Microfinance
-
Accounting
-
HR and Payroll
-
Inventory
-
FAMS
-
Procurement
Automates microcredit operations, from field activities to head office reporting, streamlining processes like disbursement, collections, and real-time monitoring.
Key Feature:
- Real-time informative dashboard.
- Providing transaction information to customers through SMS.
- Easy to use and 24/7 support facility.
- Flat, Decline, and Reducing Balance System in Loan Interest Calculation.
- Receive all collections, loan applications, and reports on your mobile device.
- MicrofinPlus also offers over 150 reports and features the donor organizations require.
Loan Products & Loan Accounts:
- Define unlimited loan products with customizable repayment behavior
- Loan interest calculations: Flat, Declining Balance (EMI/Principal/Index-Based)
- Loan-wise predefined schedule preparation
- Ability to schedule loan disbursals and repayments
- Support for early & partial loan repayments with rebate facility
- Grace periods for loan repayments
- Loan defaults based on previous loan amounts or cycles
- Support for periodic fees, one-time fees, and penalty charges
- Automatic update of repayment schedule if the meeting day changes
- Variable loan installments and adjustments
- Loan rescheduling, write-off, and state change capabilities
- Repay the total loan at any point in the cycle
- Auto-generated vouchers and receipts
- Add notes to loan records
- Support for back-dated payments with automatic voucher update
Savings Product & Savings Accounts:
- Define unlimited savings products
- Set up "Voluntary" or "Mandatory" accounts with specified minimum deposits
- Auto-create mandatory savings upon member admission
- Automatic savings interest calculation
- Add notes to savings records
Client & Account Management:
- Uniqueness check for clients using National ID, Passport, or Birth Certificate
- Member-wise detailed profile with loan and savings transaction behavior
- Automated MFI members’ loan and saving information
- Support for client photos
- Member transfer among centers/branches and Field Officer/PO change facility
- Supports configurable features for inactive members
Search & Browse for Clients & Accounts:
- Search for clients, groups, and centers by name, system ID, or "like" searches
- Search for loan or savings accounts by account ID
- Search options by date range, prefix, and product-wise
Operational Processes:
- Day-End process for closing transactions
- Validation and authorization process before day-end
- Branch-level & Samity/Center level holiday configuration
- Primary product transfer validation
- Samity/Center day change
- MFI’s staff and borrowers' details, and working area information up to the village level
- All types of transactional & operational information
Loan Account Management Features:
- Loan rescheduling, write-off, and automatic state changes
- Support for adjustments and loan defaults
- Display of loan repayment schedules and detailed loan account activity
Reports:
PKSF-POMIS Reports
- POMIS-1 (Samity, Member & Savings Information)
- POMIS-2 (Loan Disbursement/Collection & Balance)
- POMIS-2A (Information of Due Loan)
- POMIS-3 (Information of Overdue Classification & Staff)
- POMIS-3A (Information of Working Area)
- POMIS-5a (Notes to Balance Sheet)
Microcredit Regulatory Authority (MRA) Report
- Regular & General MIS Reports (Branch Wise)
- MemberWise Savings & Loan Collection Sheet
- Daily Collection Report
- Periodic Collection Report
- Field Officer/Branch Manager Report
- Register Reports
- Member Admission Register
- Savings Register
- Savings Refund Register
- Loan Disbursement Register
- Fully Paid Loan Register
- Member Cancellation Register
- Inactive Member Register
- Due Loan Collection Register
- Rebate Register
- Loan Waiver Register
- Due Register
- Written Off Register
- Consolidated Reports
- Consolidated Balancing Report
- Ratio Analysis Report
- Pass Book Balancing Register Reports
Other Reports:
- Monthly Progress Report
- Monthly Target and Achievement Report
- District & Upazila Wise Loan Disbursement Report
FAQ
MicrofinPlus is a web-based software designed to streamline microfinance operations, automating essential processes like loan tracking, collection, and reporting. It helps institutions reduce manual tasks, improve accuracy, and enhance operational efficiency.
MicrofinPlus includes features such as real-time data posting, member admission, loan disbursement and collection tracking, automated voucher entries, and comprehensive report generation. These tools are designed to simplify day-to-day operations and provide valuable insights for decision-making.
Yes, MicrofinPlus can be customized to meet your institution's specific requirements. Our team can tailor features and modules to suit your operational workflows and reporting needs.
Ambala IT offers comprehensive support, including setup, customization, user training, and ongoing technical assistance, to ensure your team can effectively use MicrofinPlus and maximize its potential for your institution.
