1 mifos introduction february, 2010. 2 core technology centralized access data in real-time ...

1

MIFOS INTRODUCTION

February, 2010

2

Core Technology Centralized

Access data in real-time Web-Based

Access Anywhere AAA Security

Authentication – Who are you? Authorization – What can you do? Auditing – What did you do?

Detailed Roles + Permissions Loan Officer can only see their accounts Users limited to seeing data below their

assigned office

3

Client Accounts Supports centers, groups and individuals Create, edit, approve, decline, close, and

move accounts Track performance

Loan Cycle (Aggregated and per product) Attendance Record Delinquent and Total Loan Portfolio Amount of Last loan… and more

Add notes and surveys, and change meeting schedule

Assign Group and Center Roles Apply and waive client fees (re-occurring,

at account creation or one time)

4

Loan Management Create, edit, approve, decline, disburse,

and close loan accounts Apply fees before disbursement, during

disbursement, during first payment, for every payment or at will during term of the loan. Apply penalties at will.

Apply payments, make adjustments, repay the rest of the loan and forgive interest

Apply Notes Show Performance History (days in

arrears, payment history), running balance, repayment schedule and transaction history

Limit Product Mix

5

Savings Management Create, edit, approve, decline, and

close loan accounts Make deposits, withdrawals, and

adjustments Add Notes Show performance history (total

deposits, total interest, …), view account activity, and transaction history

6

Bulk Collection Sheet Entry Pay by Center

Transactions for group and individual loans Transactions for center, group and individual

savings Repayments Disbursals Deposits Withdrawals Attendance Client Charges Mode of payment Receipt ID and Date

7

Other Bulk Options Bulk Approve loans Create multiple loan accounts –

Limited Detail Select participants Loan Amount Defaults to default term length Purpose of Loan

8

Administration Reverse and Re-do (reschedule) loans Holiday Support Create and manage fees, loan and client

products Manage staff accounts Manage Office hierarchy Create and Manage surveys Manage funders

9

Reporting & Admin Docs Reporting

On-time, in real time Control access at all levels of org Multiple export formats (Excel, Word, PDF, etc)

Admin Docs Attach a report to loans and savings detail

pages, based on status of account Loan – Partial Application, Application Pending

Approval, Application Approved, Active in Good Standing, Loan Fully Paid, Written off Loan, Rescheduled Loan, Active in Bad Standing, Canceled, Customer Account Active, Customer Account Inactive

Savings – Partial Application, Application Pending Approval, Canceled, Active, Closed, Inactive

10

Other Notes Centers are auto-approved Can blacklist clients Search by first name, last name, and

account id Users can change some of their

details Import Transactions