Introduction
MFI Management Information System named “Microfinance Solution” is fully automated information system for MFI/BC function and users can be onboarded on-line from day one of operations of the organization. MFI MIS application tends to use the work-flow process for storage and retrieval of information and also functions more as an ERP (Enterprise Resource Planning) application for MFI and BC Business , rather than just being an MIS.

1. Center (SHG) Formation
In day-to-day working, Field Officers go in the field and conduct projection meetings. In each projection meeting, they identify clients who are interested in obtaining micro-credit from our organization. These clients are grouped in batches of 8-15 such groups (known as SHGs – Self Help Groups) join together to form a Center. Each user submits a registration form along with relevant KYC (Know Your Customer) documents.

2. CGT/GRT
The software records all scheduled CGT and also requires formation of groups internally test called Group Recognition Test (GRT). Subsequent to passing of GRT, loan applications are received and entered in the software for every client.

3. Bank Approval
The applications are scrutinized and sent to the BC bank for further loan verification and approval, Bank checks all clients' data and sends its confirmation for specific clients with approved loan amount to be disbursed.

4. Loan Disbursement
After Bank's confirmation is uploaded in MIS and branches are able to download disbursement sheet for releasing loan amount to borrowers. The disbursals are recorded in the software at respective points including processing fee/ Insurance fee receipt confirmation.

5. Collection
Software records the center meetings attendances and the break-up of installment with respective date of repayment. All client entries and transactions are recorded on the same day and data are locked after reconciliation and closing of cash book before day-end.

6. Reports
The MIS caters to several statistical as well as analytical reports. Most of these reports can be filtered based on period, loan product, branch, and center and staff member. Reports generated are Consolidated Report, Transaction Ledger, Cash Low Projections, Loan Sanction Register, Loan Disbursement Register, Late Disbursals Report, Loan Purpose Report, Portfolio at Risk Report, etc.

7. Technology Platform
We are using open source technologies (LAMP) for development and hosting of software and data and we are also using Open Source Technologies for deployment of software at the branches. The application software is hosted on a cloud Virtual Server.