ProfitEazy Microfinance
Microfinance provides essential financial services, including loans, savings, and insurance, to individuals who lack access to traditional banking systems. This comprehensive documentation outlines the modules and processes within our Microfinance Management System, designed to streamline operations and enhance efficiency in delivering financial services. Our system facilitates seamless management of diverse functions such as loan disbursement, collection, and account management. It empowers microfinance institutions to extend financial support to entrepreneurs, small businesses, and households, thereby enabling them to build sustainable livelihoods and achieve financial independence.
Master Data Management
Maintains essential organizational details, including department structures, employee designations, and loan types, ensuring structured and accessible data across all departments.
Employee Management
Tracks employee records across various roles, from office staff to field collection managers, for organized employee oversight.
Loan Purpose Master
Lists available loan types with descriptions and eligibility criteria to help customers choose the right loan.
Loan Setup
Stores essential company and bank details required for streamlined and compliant loan processing.
Product Creation
Manages loan product details, including interest rates, terms, and fees, for clear and customizable loan offerings.
Centre Creation
Maintains branch and center details, including location and contact information, for customer accessibility.
Member Creation
Keeps records of customer information, loan histories, and membership status for efficient customer management.
Member Assignment
Groups members for collective loan responsibility, fostering support and accountability among customers.
Loan Disbursement
Oversees loan disbursement with thorough verification and SMS notifications to keep customers informed.
Loan Collection
Manages repayment collections with tracking of dates and amounts, along with SMS reminders for timely payments.
Loan Close Entry
Records loan completions, updating status to ‘Closed’ and providing a completion certificate for the customer.
Loan Pre-Close
Allows early loan repayment entries, updating loan status and generating a pre-closure certificate.
Loan Write-Off
Records uncollectible loans as bad debt, updating statuses and reasons for non-collection to prevent future loans.
Accounting
Maintains financial records, including ledgers and balance sheets, ensuring accurate reporting for the institution.
Customer Management
Loan Management
Savings Management
Accounting & Finance
Core Modules & Functionalities
Collections Management
CRM
Reporting and Analytic
Conclusion
This detailed documentation outlines the various modules and processes within the microfinance system, ensuring efficient management and operation.
