Indian Microfinance Software

Microfinance software is an industry-wide initiative to address the microfinance industry's information management challenge. Using the open source paradigm, we are creating a new service model that will increase access to technology for all microfinance institutions, ultimately enabling them to extend their reach to the world’s poor.

At the center of the initiative is the Microfinance software product, a freely available world-class management information system (MIS) that provides the core functionality required by microfinance institutions. The flexibility and scalability of the product means that we will be able to simultaneously standardize common processes, accommodate regional variations, and scale for new innovations in the future.

Grameen Foundation’s Technology Center is providing the initial leadership and investment for Microfinance software. However, we are committed to making Microfinance software an industry-wide initiative and invite you to join with other microfinance institutions (MFIs), IT professionals, software developers, and industry leaders worldwide and become part of the Microfinance software community. It is only with the participation and collaboration of all of us that Microfinance software can fulfill its potential and have a truly revolutionary impact.Have a many software for Microfinance.

To learn more, please visit Microfinance software online gateway, www.Microfinancesoftware.org.

How does software help the Poor?

By equipping microfinance insituitions to serve them better through:

• Lower transaction costs
  
• Faster transaction processing
  
• Up-to-date information for loan officers
  
• Less paperwork
  
• Automatic calculations that lead to less human error
  
• Reduce risk of fraud

We offer much more than exceptional microfinance software

If you are looking for flexible, easy to use microfinance loan management software you’ve come to the right place. The Exceptional Assistant is a robust and intuitive microfinance software solution that will simplify the management of all your client data including loans, grants, investors, donors and much more. You can easily capture historical demographics , socio-economic data and performance indicators to create management reports to your stakeholders
HISAAB is group-level micro-finance management software, intended to document transactions at the lowest level of MFI operations. In this project we will explore the interface design space for illiterate and uneducated users, the typical users at the group-level of MFI operations. We will explore a variety of interface design paradigms to test accessibility to such a user domain. One novel design paradigm is the idea of numeric interfaces, leveraging users' ability to remember, manipulate and enter numbers. We expect the results obtained here to be applicable in other application areas - such as e-government, information dissemination, rural micro-enterprise, etc. Further, documenting and analyzing the performance of micro-finance instruments is becoming an increasingly important and strenuous task, especially given Indian accounting regulations, the volume of transactions at the lowest level of MFI operations, and the increasing accountability requirements of funding agencies and investors. We hope to demonstrate the benefits of electronically documenting group-level transactions within this process

Micro Credit Systems is the continuation of two years of on site software development in Benin, West Africa. From late 1999 to early 2001, founders, Galen Day, Niall Shanbhag and Jey Jeyalingam worked closely with 2 banks on several missions including developing affordable credit management system alternatives