Microfinance Management Solution on Tally.ERP9 - mPower

© Copyright 2008 – 2013 Milan Solutions © Copyright 2008 – 2013 Milan Solutions

Microfinance management solution on Tally.ERP9

© Copyright 2008 – 2013 Milan Solutions

mPower helps manage

Memberships

Micro Loans

Savings (separate add-on)

Pension (separate add-on)

Insurance (separate add-on)

Accounts & Payroll


Benefits of mPower

• Quick and comprehensive assessment of borrowers that

– reduce risks

– enable faster recruitment of members.

• Management of member meetings and interactions help improve

service delivery.

• Automated entries reduce staff time in data entry and also

improve accuracy.

• Helps faster service delivery, gaining customer loyalty

• MIS reports that warn of doubtful debts and defaults that help

improve debt collection.

• Reduced cycle time for loan recovery, thereby reducing recovery

costs.

• Ability to sell extended products range and Loan repayments.


mPower Service Products & Activities

• Monitor and help members make contribution into pension funds.

• Monitor and help members take insurance policies to secure assets and life.

• Monitor and encourage savings by members to help them repay loans.

• Provide loans to members to help them meet business or personal obligations

Loan Savings

Pension Insurance


Features of mPower

• Detailed record of members ranging from financial collaterals to their

household data

• Record of member meetings and objectives.

• Membership goals set-up, recording and monitoring.

• Loan disbursement and repayment schedules, as well as loan rescheduling.

• Automated EMI calculator to determine interest and instalments

• Loan recovery and settlement.

• Loan default management

• MIS information and reports like Member meetings report, Loan summary,

Loan outstanding dues, Loan defaulters as well as performance reports.

• Comprehensive accounting of Tally.ERP9

• Additional service products like Pensions and Insurance are available as

add-ons in the solution.


Activate MFI Operations


Gateway of Tally.ERP9


Microfinance Activities and Products

Membership Management

Main Product

Loans

Other Products (available as add-ons)

Savings Tracker

Pension

Insurance

Accounts & Payroll


Membership Management Flow

MFI contacts villagers

Gives prospectus to villagers

On complying with terms of prospectus

Villagers become members of MFI

Information recorded Personal, Nominee /

Guarantor and association level

Step - 1

Step - 2

Step - 3 Step - 4

Step - 5

Regular meetings with members to

assess progress of objectives

Step - 6


Registration Form


Membership Information

Personal Information : Member Name

Occupation

Date of Birth

Address

Contact No.

Joining Date

Retirement Date

Income

Type of Business

Insurance Details

Collaterals Security

Family Member Details

Nominee & Guarantor :

Nominee Name

Relation with Member

Guarantor Name

Interest on Loan Taken

Interest on Deposits

Association level:

State

Districts

Taluk

Groups


Member Master Data Capture Main Screen


Member Household Data Capture Sub-Screen


Member Financial (Collaterals) Data Capture & Display Sub-Screen


Meetings management report




Main Product

Loans

Other Products (available as add-ons)

Savings

Pension

Insurance

Accounts & Payroll


Loan Management Flow

Member

approaches MFI for loan or vice versa

MFI verifies the purpose of loan

MFI computes members household

income and collaterals

If the conditions of loan disbursement are met,

the loan is granted

Training programs are conducted for members

to generate incomes

Step - 1

Step - 2

Step - 3 Step - 4

Step - 5

Back


Loan Management

Loan Disbursements

Loan types:

Educational Loan

Vehicle Loan

Festival Loan

Gold Loan

Marriage Loan

Income Generation

Loan

Funeral Loan

Installment calculation

Interest calculation

Loan Recovery

Receipt of installments

Loan balances due

Installment Reminders

Skipped Installments

Loan and interest

recalculation

Debt recovery from

Collaterals

Loan Adjustments


Loan (Assets) Master Data Capture Screen


Loan Disbursement Form


Loan Repayment Screen


Loan Summary Report


Loan Outstanding Dues Report


Loan Defaults




Main Product

Loans

Other Products (available as add-on)

Savings

Pension

Insurance

Accounts & Payroll


Accounts & payroll

Accounts

Balance Sheet

Income & Expenditure

Statement

Cash Flow Statement

Group Summaries

Outstandings

Branch Accounting

Statement of Accounts

Payroll

Staff Records

Salary Payment

Statutory Deductions

Pay slips


Next Steps

• The above slides would have given you a fair idea of how

mPower addresses Borrower/Member management and

the lending activities.

• Other add-on service products, like Savings Tracker,

Pensions and Insurance are available if you need them.

• Please contact us for a demo and to discuss your specific

needs.


Thank You

© Copyright 2008 - 2009 Milan Solutions

India

Kolkata:

Milan Solutions India Pvt Limited

P-222 , C I T Road, Scheme 6M

Kolkata – 700 054

Tel: +91 (0) 33 4006 9434

Email: [email protected]

www.milansolutions.in

www.milanitservices.com

Ahmedabad:

201, Abhigam, Opp Doctor House

C.G. Road, Ellisbridge

Ahmedabad 380 006

Tel:+91 (0) 79 4005 6567

UK: Milan Solutions Limited

Dawson House,

131-135, High Street

New Malden, Surrey KT3 4BH

© Milan Solutions India Pvt Ltd

mPower is part of the Finance Industry Solutions on Tally.ERP from Milan.

All rights reserved.

Milan is an authorised Tally Integration and Services Partner

Milan’s Tally Team has immense international experience of building and supporting

solutions in and around Tally in different industries.

http://www.milansolutions.com/
















Date post:	27-Dec-2015
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Microfinance Management Solution on Tally.ERP9 - mPower

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