More Related Content Similar to Orbit-R functioning as a centralised solution for microfinance with Finca. (20) More from Neptune Software Group (6) Orbit-R functioning as a centralised solution for microfinance with Finca. 2. Orbit-R INTRODUCTION
FINCAINTERNATIONAL
FINCAInternational,aNon-Profit,Microfinanceorganization,foundedbyJohnHatchin
1984.ThisMicrofinanceorganizationisacatalystforeconomicinclusionforthepoor.
Hence,FINCAisregardedasthe“WorldBankforthePoor”.HeadquarteredinWashing-
tonDC,FINCAtodaystandstallasthemostinfluentialmicrofinanceorganizationinthe
world.
Forthelast20years,FINCAhasbeenhighlysuccessfulinimprovinglivesworldwideandpro-
motingfinancialinclusion.ThisMicrofinancebankoffersservicessuchassavingsaccount,in-
dividualloans,grouploans,mobilebankingandmoretohelpthelow-incomeclientelealleviate
povertyandbuildassets,createjobsandraisetheirstandardofliving.FINCA'snetworkof
banksusesthecorebankingsystemtoexpandfinancialinclusionbyofferinghighlyinnovative,
responsibleandimpactfulfinancialservicethatsupportslowincomeclientele.
Withmorethanthreedecadesofexperience,theFINCAnamehasbecomesynonymouswith
warmth,trustandresponsiblebanking.FINCAonaradicalnotion:givingsmallloanstothepoor
hasthepowertotransformentirecommunitiesinasustainableway.
Microfinanceisimportantforthesocietybutthereissome
challengesfacedbymicrofinanceinstitutions.The
challengeschallengesincludeinadequatedonorfunding,insufficient
supportfrom governments,improperregulationsandalso
thechallengesincludeLackofstandardizedreportingand
performancemonitoringsystemformicrofinance.Themajor
challengesthatfacemicrofinanceinstitutionsaredefault
riskinheritedfrom borrowers,inadequatedonorfunding,
andlackofunderstandingofthedefinitionandconceptof
microfinancebytheclientsmicrofinancebytheclients.Communicationgapsand
inadequateawareness,improperregulations,lackof
adequateloanorequitycapitaltoincreaseloan-ablefunds,
insufficientsupportfromgovernments,andlimited
managementcapacityofmicrofinanceareadditional
challengestomicrofinanceinstitutions.
4. IndustryCategory
ADVANTAGESOFORBIT-R
Orbit-Rwithitscomprehensivesolution,businessintelligenceandriskmanagementen-
hancetheproductivityandPerformanceofbanks.
Multi-TierApplicationguaranteeshighperformanceandscalability.
WithitsModularFunctionarchitecture,Orbit-Rcanbeeasilyconfiguredtothebank’s
businessmodel.
Supportscompletespectrumofbankingbusinessincludingretail,corporatebanking,cur-
rentandsavingsaccount,termdeposits,billsandcollectionsandlettersofcredit
FINCAprovidesfinancialservicestotheworld'slowest-incomeentrepreneurssotheycan
createjobsbuildassetsandimprovetheirstandardofliving.FINCAisananti-povertyorgani-
zationwhoseworkisaimedatcreatingemployment,raisingfamilyincomes,andreducing
povertyworldwide.
LoanPortfolio:$16.1M TotalDeposits:8.3M Customers:104,253
LoanPortfolio:$25.2M
TotalDeposits:$22.1M
Customers:107,540
FINCAZAMBIA
FINCAUGANDA