Microfinance is a general term to describe financial services to low-income individuals or to those who do not have access to typical banking services.
This article analyzes the impact of Microfinance in the different parts of the world including India, Malaysia, Nepal, Bangladesh, Maldives, Africa and others.
Microfinance is a general term to describe financial services to low-income individuals or to those who do not have access to typical banking services.
This article analyzes the impact of Microfinance in the different parts of the world including India, Malaysia, Nepal, Bangladesh, Maldives, Africa and others.
This project has a complete summary of past as well as current conditions of Micro Finance in India and its evolution. This project also discusses the Andhra Pradesh MFI crisis which led to implementation of numerous strict rules and regulations by the Government of India to control and regulate this sector of financing.
Role of Self Help Groups in Rural Development-A Studyijtsrd
Rural development is a very dynamic process which includes in improving the socio-economic, political, environmental, and well-being of the poor people living in rural areas. In India more than 70 percent people living in rural areas, the concept of rural development assume great significance. The Molakalmuru taluk is one of the most backward taluk in Chitradurga district these areas have been facing so many problems like unemployment, poverty, lack of skills, illiteracy, and basic infrastructure health care common trend here. The present study is focused on the Socio-Economic status of Self-Help Group on rural development, and to study impact of Self-Help Group on rural development in Molakalmuru taluk. The present paper it is based on primary and secondary sources of information. Nagesha B | Ajeya G"Role of Self Help Groups in Rural Development-A Study" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-4 , June 2018, URL: http://www.ijtsrd.com/papers/ijtsrd14329.pdf http://www.ijtsrd.com/economics/development-economics/14329/role-of-self-help-groups-in-rural-development-a-study/nagesha-b
The digital native DNA of NeoBanks epitomizes a paradigm shift in the financial sector, heralding an era of innovation, efficiency, and customer empowerment. With their technological prowess, rigorous security measures, and relentless pursuit of customer-centricity, NeoBanks are poised to revolutionize the banking landscape, paving the way for a future where traditional banking is reimagined and transformed into a seamlessly integrated, digitally-driven ecosystem.
Self Help Group (SHG) Movement in India has been recognized as an effective strategy for mobilization and empowerment of rural people, particularly poor women and other marginalized groups.
BESIDES the cooperatives and other forms of organisations, there is yet another form of enterprise which is organised voluntarily by the members themselves to meet a variety of their needs. The Self-Help Groups [SHGs] are such organisations which are formed, nourished and managed by the members themselves.
The SHGs, people’s voluntary and informal institutions, are organised as viable alternative to achieve the objectives of rural development and to get community participation in rural development programmes. These are similar to traditional group activities in all communities. It is a new form of a movement which aims at reducing the incidence of poverty through the provision of easy credit. In case of self-movement, thrift and credit are the entry points of activity. Micro-finance or provision of financial services to low-income households, have come to be accepted in policy implementation as the most efficacious intervention to alleviate poverty, enhancing agricultural production and developing local leadership.
A Self-Help Group is an informal organisation of not less than 10 and not more than 20 people from the poorer section of the village society, organised, owned, operated and controlled by the members in a democratic manner, based on solidarity, reciprocity, common interest and resource pooling. Self-Help Group is a social design in which people participate by making themselves socially and economically accountable to each other. All SHGs are not necessarily linked to lead/focal bank because they do not need external credit except the support from their sponsoring organisations.
SHGs have been promoted under various programmes and by various development agencies. It has been found that SHGs can serve the needs of the small farmers better than the cooperatives. It is believed that Self-Help Groups are a sub-system of cooperatives.
Presentation includes Introduction to Microfinance Industry, Business Process, Strategies, Key Challenges, Future Outlook and Special Issues like Urban Microfinance & Rating of Microfinance Institutions
Microfinance Forum 2008 (4.Scb MF and Role Of Investors Tokyo1108)Living in Peace
2008年11月28日に世界銀行東京ラーニングセンターで行われたマイクロファイナンス・フォーラムの資料です。
4.Scb MF and Role Of Investors Tokyo1108
スタンダード・チャータードがマイクロファイナンスに見出しているビジネス機会、投資パフォーマンスについて
Prashant Thakker 氏(Standard Chartered銀行 マイクロファイナンス グローバルビジネスヘッド)
※Living in Peace(リビング・イン・ピース)について
本フォーラムの主催団体であるLiving in
Peaceは、経済開発に関心のある金融機関関係者を中心に2008年10月に設立されました。その他にも公務員、国際機関関係者、学生などがメンバーになっており、2009年4月にNPO法人格を取得いたしました。また現在、ミュージックセキュリティーズと提携してマイクロファイナンス・ファンドの組成準備中です。(HP:http://www.living-in-peace.org/
旧Blog;http://d.hatena.ne.jp/microfinance/)
Technology Changing The Face Of MicrofinanceJohn Owens
Technology is now changing the face of microfinance by providing new ways to provide financial services to low income households.
This presentation was given at the InterPacific Bar Association Annual Conference in Manila, Philippines on April 30, 2009.
This project has a complete summary of past as well as current conditions of Micro Finance in India and its evolution. This project also discusses the Andhra Pradesh MFI crisis which led to implementation of numerous strict rules and regulations by the Government of India to control and regulate this sector of financing.
Role of Self Help Groups in Rural Development-A Studyijtsrd
Rural development is a very dynamic process which includes in improving the socio-economic, political, environmental, and well-being of the poor people living in rural areas. In India more than 70 percent people living in rural areas, the concept of rural development assume great significance. The Molakalmuru taluk is one of the most backward taluk in Chitradurga district these areas have been facing so many problems like unemployment, poverty, lack of skills, illiteracy, and basic infrastructure health care common trend here. The present study is focused on the Socio-Economic status of Self-Help Group on rural development, and to study impact of Self-Help Group on rural development in Molakalmuru taluk. The present paper it is based on primary and secondary sources of information. Nagesha B | Ajeya G"Role of Self Help Groups in Rural Development-A Study" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-4 , June 2018, URL: http://www.ijtsrd.com/papers/ijtsrd14329.pdf http://www.ijtsrd.com/economics/development-economics/14329/role-of-self-help-groups-in-rural-development-a-study/nagesha-b
The digital native DNA of NeoBanks epitomizes a paradigm shift in the financial sector, heralding an era of innovation, efficiency, and customer empowerment. With their technological prowess, rigorous security measures, and relentless pursuit of customer-centricity, NeoBanks are poised to revolutionize the banking landscape, paving the way for a future where traditional banking is reimagined and transformed into a seamlessly integrated, digitally-driven ecosystem.
Self Help Group (SHG) Movement in India has been recognized as an effective strategy for mobilization and empowerment of rural people, particularly poor women and other marginalized groups.
BESIDES the cooperatives and other forms of organisations, there is yet another form of enterprise which is organised voluntarily by the members themselves to meet a variety of their needs. The Self-Help Groups [SHGs] are such organisations which are formed, nourished and managed by the members themselves.
The SHGs, people’s voluntary and informal institutions, are organised as viable alternative to achieve the objectives of rural development and to get community participation in rural development programmes. These are similar to traditional group activities in all communities. It is a new form of a movement which aims at reducing the incidence of poverty through the provision of easy credit. In case of self-movement, thrift and credit are the entry points of activity. Micro-finance or provision of financial services to low-income households, have come to be accepted in policy implementation as the most efficacious intervention to alleviate poverty, enhancing agricultural production and developing local leadership.
A Self-Help Group is an informal organisation of not less than 10 and not more than 20 people from the poorer section of the village society, organised, owned, operated and controlled by the members in a democratic manner, based on solidarity, reciprocity, common interest and resource pooling. Self-Help Group is a social design in which people participate by making themselves socially and economically accountable to each other. All SHGs are not necessarily linked to lead/focal bank because they do not need external credit except the support from their sponsoring organisations.
SHGs have been promoted under various programmes and by various development agencies. It has been found that SHGs can serve the needs of the small farmers better than the cooperatives. It is believed that Self-Help Groups are a sub-system of cooperatives.
Presentation includes Introduction to Microfinance Industry, Business Process, Strategies, Key Challenges, Future Outlook and Special Issues like Urban Microfinance & Rating of Microfinance Institutions
Microfinance Forum 2008 (4.Scb MF and Role Of Investors Tokyo1108)Living in Peace
2008年11月28日に世界銀行東京ラーニングセンターで行われたマイクロファイナンス・フォーラムの資料です。
4.Scb MF and Role Of Investors Tokyo1108
スタンダード・チャータードがマイクロファイナンスに見出しているビジネス機会、投資パフォーマンスについて
Prashant Thakker 氏(Standard Chartered銀行 マイクロファイナンス グローバルビジネスヘッド)
※Living in Peace(リビング・イン・ピース)について
本フォーラムの主催団体であるLiving in
Peaceは、経済開発に関心のある金融機関関係者を中心に2008年10月に設立されました。その他にも公務員、国際機関関係者、学生などがメンバーになっており、2009年4月にNPO法人格を取得いたしました。また現在、ミュージックセキュリティーズと提携してマイクロファイナンス・ファンドの組成準備中です。(HP:http://www.living-in-peace.org/
旧Blog;http://d.hatena.ne.jp/microfinance/)
Technology Changing The Face Of MicrofinanceJohn Owens
Technology is now changing the face of microfinance by providing new ways to provide financial services to low income households.
This presentation was given at the InterPacific Bar Association Annual Conference in Manila, Philippines on April 30, 2009.
Hivos, a Dutch development organization, in cooperation with IDRC, Adept Systems and Triodos Facet, is pleased to invite you to a seminar on open source Management Information Systems and ICT trends in Microfinance, on 25th and 26th November 2010 in Tanzania.
Speaker: Michael Wakahe, Director, Shujaa Solutions Ltd
Date: 25th - 26th Nov 2010
Venue: Protea Court Yard Hotel, Dar es Salaam, Tanzania
Indiamicrofinance.com I I4D Magazine I June09 Microfinance IndiaIndia Microfinance
http://www.indiamicrofinance.com/
http://www.i4donline.net/
Special Microfinance Issue brought out by I4d - The first online monthly magazine on Information Communication and Technology
Microfinance Banking and Development of Small Business in Emerging Economy: N...iosrjce
The research study examines the Microfinance Banking and Development of Small Business in
emerging economy: Nigerian Approach. The Microfinance Banks (MFBs) serve as an engine through which
economic industrial development subsists in Nigeria. MFBs have been involved in the promotion, growth and
development of the informal sector and remains heralded strategy for industrial development in emerging
economies including Nigeria. The primary source of data was adopted via questionnaire and oral interview. A
simple regression was used to address the responses of the respondents gathered though the questionnaire in
order to derive logical conclusion for the study. It was however established that MFBs have the capacity to
boost economic development in Nigeria through the support of government agency (CBN) to keep them tracked
and to be focused on the objectives for which they were established. Also, the reviewing and refining of the
National Microfinance development Strategy Policy for MFBs in Nigeria is remarkable and commendable. The
paper further recommends that MFBs’ operations should be continuously be monitored by the regulatory
agency (CBN) in order to adequately address the gap in terms of credit, savings and other financial services
required by the micro entrepreneurs. The latent capacity of the poor for entrepreneurship would be significantly
enhanced through the provision of microfinance services to enable them engage in economic activities and be
more self-reliant, increase employment opportunities, enhanced household income,create wealth etc.
On the 23rd Nov 2015 the British Computer Society (BCS) Enterprise Architecture Specialist Group (which I co-chair) held a practitioners evening.
These are my Slides for the ICT Strategy Session - Setting context and highlighting an approach delivering a ICT strategy rapidly.
UBA is made by brands , made for brands. We introduce our new baseline "Taking brands further" and four new strategic principles: inspire, impact, enable, connect.
Mobile Technology, Teaching &. Learning and ICT StrategyMark S. Steed
A presentation on how Mobile Technologies are transforming Education and how to go about making the strategic decision to provide the network infrastructure to support it. The presentation includes a series of topics for discussion including The use of screen-casting in education, Storage and Backup solutions, Printing Solutions for schools, Mobile devices and Examinations, An introduction to MOOCs and How Heads can use Twitter for CPD. This presentation was given by Mark S Steed, Principal of Berkhamsted School to the Irish Division of HMC on Friday 6th June, 2014
Grameen America presentation outlining progress to date with their first operation in Jackson Heights, Queens, New York and what it take to have Grameen American bring a microcredit replication to your community. It appears the presentation was created mid 2009.
Building the new open linked library: Theory and PracticeTrish Rose-Sandler
What tools and services are necessary to build an open linked library and how can we move existing digital library content into an open linked data model and use those tools to repurpose our own content?
Mifos is an open source information management system (MIS) purpose-built for the microfinance industry to help them more efficiently and effectively deliver financial services to the poor.
This presentation outlines the flexible data export options in Mifos that allow the MFI to import the necessary transactions and general ledger data to successfully integrate Mifos with their accounting system.
This is a class room presentation taught by Prof Chowdari Prasad to MBA (Banking) students on developments of Technology in Indian Banking. It was well received and needs to be updated. Any suggestions are welcome from bankers, students, researchers, etc.
In this ppt u will find information related to operation management in banking and its future scope and Role of Information Technology in Banking and also the Trends in technology in banking.
In order to improve the customer service, book-keeping and MIS reporting, the need for computerization was felt in the Indian banking sector in late 1980s. Reserve Bank of India set up a Committee headed by Dr. C. Rangarajan on computerization in banks in 1988. Conversion of data into a digital format with the adoption of technology is called as digitization. By implementation of digitalization, banks can provide enriched customer services. This provides convenience to customers and helps in saving time. Digitalization decreases human error and thus builds customer reliability. A new wave of technology is revolutionizing the way customers engage with their finances. From social to mobile capabilities, banks have to rethink the way they do business to deliver a better customer experience and remain competitive. The recent introduction of open banking and the Payments Services Directive 2 PSD2 regulation is hastening this transformation by placing power in the hands of customers. Banks must now allow customers to share their financial data, such as spending habits and regular payments, with authorized third-party providers if customers wish to do so. In addition, until the past few years, banks were not visualizing the tremendous shift in consumer behavior that occurred as a result of the millennial generation now become the largest consumers of financial products. With the increasing usage of smart-phones, digitization of banking sector is predictable to catch up the increasing expectations of the world. It indeed reduced human errors and increased convenience. Now, cyber threats are on the rise hence, banks must be very vigilant and should be prepared to handle cyber-attacks. Mrs Jyoti Suraj Harchekar "Digitalization in Banking Sector" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | International Conference on Digital Economy and its Impact on Business and Industry , October 2018, URL: http://www.ijtsrd.com/papers/ijtsrd18681.pdf
http://www.ijtsrd.com/management/marketing-management/18681/digitalization-in-banking-sector/mrs-jyoti-suraj-harchekar
Why does the banking industry need to invest in digital or technology.pdfMaveric Systems
The emergent technologies are ushering in a dramatic rise in the demand for digital financial services. We are seeing many new, more efficient financial solutions, such as online deposits, mobile wallets, electronic bill payments, etc.
Today's customers are fundamentally different from customers of past years as they are harder to acquire, retain, and delight because of the explosion in digital technologies consumers use day to day. New digital experiences are forcing banks to play catch-up and match the innovative and engaging interactions and products — such as mobile payments — that non-banks are offering to those same customers. This IDC research, sponsored by TCS Digital Software & Solutions Group, revealed three key themes for digital transformation in the banking industry.
Farm implement or equipment is an important agi-input sector.Indian farm equipment sector is in its nascent phase and gradually developing.Modernisation and govt subsidy are two major motivators for this growth. Distribution Channel of this sector is not much different than other agri input sectors but there are some unique characteristics.
Product-Mix & Product line analysis of United Phosphorus Ltd..Bidhu Bhushan Binit
Here herbicide product line analysis of UPL has been done to find out the line decisions of the company and accordingly suggestions have been given on line stretching, line filling and line modernization. Since price-list and sales figures are not available, so line pruning decision has not been done.
Indian Fertilizer Industry has been witnessing much changes on part of production technology,feed stock, and regulatory policy. So far this industry has been merely logistics and distribution management and not other functions needed much concern because of regulated price.
Till 2010, NPS III had been in force and had to be lifted according to phase wise deregulation of the sector but since new policy has not been finalised, same has been in continuation.
This presentation includes current scenario of the industry, Porter's analysis and SWOT analysis of IIFCO to understand more the Indian fertilizer industry.
Vegetable Nursery business is running very well in these two states and it is dominant in some particular areas of both states. Farmers who produce vegetables usually have two options – to grow sapling on their own or to buy sapling from professional nursery growers. This research project addresses the particular segment in which farmers go for nursery grown sapling and focuses on different aspects mostly business aspects. One of the most important queries has been –should this vegetable nursery be considered as a new separate segment of vegetable seed market?
India is currently second largest producer of vegetables after china. Gujarat and Maharashtra are the two states which hold top rankings in vegetable production in India. Most of the vegetables are raised as sapling and then replanted in fields. Farmers have choice either to raise sapling on their own or to buy from professional nursery businessmen. Obviously, nursery business becomes linked to vegetable seed market directly which affects the sales of vegetable seeds. Culture of buying sapling from nurserymen is not always there in all areas. Somewhere farmers do on themselves and at other place mostly they buy from nurserymen. Reason varies area by area.
A good quality sapling production is very essential for getting higher yield and quality of produce. Vegetable sapling production is a specialized activity and farmers buy the saplings from these nurseries. Vegetable sapling production system has changed in recent years in the intensive vegetables growing areas. Sapling production has come up as a specialized enterprise in these areas.
So this vegetable nursery business creates specific equations for vegetable seed market in India which has not been much focused earlier. Due to hyper competition in this industry and entry of a number of players in India, understanding nursery business becomes vital. This will help to comprehend and draw the clear picture of different stake holders, prevalent culture and practices of nursery growers which will further give path to understand business aspects and its critical issues.
Every organization wants to be leader in its market. There are lots of MNCs as well as Indian companies, in vegetable seed market. There is existence of joint ventures of MNCs and Indian companies also. The company which understands more the market will enjoy more market share.
Despite being of utmost importance, vegetable nursery business has not been focused by companies so far. There has been a lot of research on vegetable nursery practices which deal on technical aspects of growing saplings but seldom if ever, study on business aspects has been done and therefore this study will handle this issue.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
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Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
1. ICT in Microfinance
Course:MFABP
Indian Institute of Plantation Management, Bangalore
Presented by: Bidhu Bhushan Binit(11PGDM08)
2. Contents
Transformation of Indian financial(banking) sector
Typical Information flow and genesis of Problem
Potential Answer
Technology
-levels of implementation
-facilitating infrastructure
DCCB, Bidar case
Conclusion
3. Transformation through Technology
Technolog
y aided
channels
Convenient service
Service to clients at a fraction of the
costs incurred earlier
More reach
4. Information flow and genesis of problem
Bank
group agent MFI head
office
• Information
storage
• Data
analysis
• Decision
making
• Cash
logistics
Multiple recording & multiple data hand-offs
Information inconsistency
Tough to synchronize information between Decline in quality of
centres,branch and head office customer information
Errors due to multiple data handoffs
5. Potential Answer
Technology can address the fundamental issue
constraining the growth of the microfinance sector,
i.e Customer information systems and management.
6. Levels of implementation
Central System Field level
Main computing Standardized
platform for the multiple information collection
channels Transmission to central
Handling huge amount location
of customer data Eliminating multiple
Simultaneous analysis hand offs
Tracking and monitoring Agent:- as a
of a customer across decentralized branch,
multiple channels able to perform head
office function
7.
8. Back-Office Management Information
System (MIS)
The most fundamental ICT application is back-
office MIS.
Sophisticated MIS is prerequisite for MFIs to
monitor the quality, sustainability, and efficiency
of its loan portfolio, to monitor development
impact, and manage general administrative
tasks.
MFIs also track the non-financial information. So,
they need modified off-the-self software package
for these requirements.
9. Mobile Computing
The back-office MIS helps the MFIs to monitor its
loan portfolio, this functionality is undermined if
the data analysed by the MIS is not up-to-date or
contains errors.
Through mobile computing systems the Loan
officer have a palmtop computer, so that the
financial transaction can be recorded directly into
the MIS.
It has significant implication with respect to data
accuracy and integrity, there by enhancing “client
confidence”.
10. The Branch Office Franchise Model
MFIs have an overwhelming pressure to reduce
transaction costs and increase profit margins.
Through branch office franchise model, the MFI
links with third-party merchants in remote areas.
The rural telecentre networks are particularly
suited to serving as retail outlets for MFIs.
11. Card Service, EFTPOS and ATMs
There are many similarities between consumer
credit cards and microcredit services. Both tries
to reduce high cost associated with small
transaction lending.
Introduction of card-based services require the
roll-out of either EFTPOS functionality with third-
party merchants and/or ATMs.
Card- based microfinance offers even more
opportunities like allowing clients who have
proven creditworthiness over time should given
access to additional products and services.
12. Internet Banking
Gives client real-time information about their
account, and the ability to transfer funds between
accounts.
It is an efficient tool to reduce the work of tellers
and therefore reduce the labor costs.
Rural tele-centre networks can help in
implementing Internet Banking for MFIs.
13. Remittances: Microfinance Outreach to
International Labour Migrants
MFIs through technological innovation, product
design can tap this market by extending outreach to
these migrant workers and their families at home.
For example Sri Lanka’s Hatton National Bank,
whose “HNB Easy Remittance” help Sri Lankan
migrant workers to remit funds directly to HNB
accounts.
14. Facilitating Infrastructure
Unique Identifier
Helps to create a repository of customer information.
Availability of basic demographic data.
Can be used to track customer behavior across multiple
relationship.
Eg.-Smart cards in developed countries
15. Credit information Bureau
Creation of mechanism allowing sharing of
information where documented sources of
information are not available.
To track repayment history for efficient client
screening process.
16. Helping Access capital
Microfinance assets will become transparent.
Information system will help attract private capital
from individuals and venture capitalists.
17. DCCB Bidar Case
District Central Cooperative Bank, Bidar has 171 PACS.
Average accounts a PACS handles is 800-1000. All the
books are maintained by CEO of PACS manually
PACS delivers Kisan Credit Card loan, SHG and BDP
loans. It also provides fertilizers and grocery items like
wheat, sugar and K oil.
All the problems of manually maintained accounts – time
spent in correcting, reports not ready on time etc
18. …DCCB Bidar Case
Balance sheet
P&L
Down load data Trail Balance
When needed Ledger
On dial up line SafalPACS Vouchers
@ DCCB
Branch
All financial transactions
SafalPACS
@ PACS
19. ….DCCB Bidar Case
SafalPACS is a package where there are two sets of
software – one installed on iStation a hand held device
and the second is intalled on a PC located in the Bank
branch of DCCB.
Day to day transactions are entered online on iStation
and monthly balance sheet, P&L, Stock book are printed
in the PACS
For SHG, Digitized Demand information (DIDI) sheet is
printed and updated at PACS level
Depending on transactions, data is transferred on dial up
line to DCCB branch PC.
20. ….DCCB Bidar Case
Advantages of SafalPACS
Affordable solutions for automation at PACS level
Low power and low maintenance requirement and low
bandwidth, Hence one need not wait for long
Advantage of automation – timely reports, elimination of
human error
21. Conclusion
Some says “it can’t be done in microfinance,
electronic banking for poor will not work”.
20 years ago when microfinance was in its
infancy many said “poor can’t repay, the poor will
not repay, the poor can’t save.
22. ….conclusion
Inclusive growth has been marked as a necessary
way of development, not just by India but by UN
also. Microfinance is really giving a helping hand to
poor and unbanked segment. The problem of
information asymmetry facing by microfinance can
be addressed today by using technology.
It has to work. Otherwise will be at a continuing
disadvantage with current economies and
enterprises.
23. Thank You !
References
:microfinance in India(edited by K.G.Kamkar)
:Safal Solutions pvt.ltd
:the case of correspondent banking in Brazil by Diniz,Pozzebon,Jayo,Araujo.
Editor's Notes
EFTPOS : Electronic Fund Transfer at point of Sale