ww.elitser.com Elitser IT Solutions India Pvt. Ltd. Micro Financer Standard Edition From Elitser IT Solutions India Pvt. Ltd . . #301, Aditya Trade Center Ameerpet, Hyderabad – 38. 91-40-23753232, 23751828 Email: [email protected]
Mar 19, 2016
www.elitser.com Elitser IT Solutions India Pvt. Ltd.
Micro Financer Standard Edition
From
Elitser IT Solutions India Pvt. Ltd..
#301, Aditya Trade CenterAmeerpet, Hyderabad – 38.
91-40-23753232, 23751828Email: [email protected]
www.elitser.com Elitser IT Solutions India Pvt. Ltd.
Member Information
Configuration
Loans
Savings
Financial Accounting Reports
MIS Reports
Post Dated Cheques (PDC)
Security
Processes
Financial Budget
Fund Planning
Installation
Search
Help
Consolidation Module
PDA and Other Devices
Loan Processing
Data Porting
Micro Financer Overview
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CLIENT INFORMATION
INVESTIGATIONS LOAN APPRAISAL
LOAN APPROVAL
LOAN DISBURSEMENT
REPAYMENTS
LOAN LEDGERS
LOAN HISTORYREPORTS
FINANCIAL REPORTSOPERATING REPORTS
SUPERVISORY REPORTSMANAGEMENT REPORTS
EXTERNAL REPORTS
Overview of Micro Financer Standard Edition
LOAN CLOSURE
GENERAL RECEIPTS
GENERAL PAYMENTS
GL CONFIGURATION
RODUCTCONFIG.
SECURITY
BUSINESS RULES
RECTIFICATION ENTRIES
INTEREST CALCULATIONS
DEPOSITS
WITHDRAWALS
LEDGERS
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Member Information
Detailed Member information is captured through Member Information screens. Member provides his personal details at the time of registration with NGO. Assets, Investigation details will be obtained and entered by Field Officers during their personal visit to member house when the member applies a loan.
Investigation Details:• Socio Economic Indicators• House Hold Members• Housing Details• Credit History• Savings History• Background Checking• Court Case Details• Identification Details• Employment Details• Proof of Payment
Assets:• Personal Assets• Real Assets• Business Assets• Poultry/Live Stock
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Loan Processing module takes care of capturing details of Cash flow, Credit Scoring of a loan applicant and gives maximum loan amount eligible as an input to the loan recommendation process. The following steps summarizes the Loan Processing Module activity.
Loan Processing:1. Cash Flow2. Credit Scoring3. Loan Recommendation
Loan Processing
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Cash Flow AnalysisCash flow : To assess the borrower’s capacity to repay and determine the loan amount based on the borrower’s Household & Business income/ expenses.
Cash Flow Adjustment Factor(CFAF): Is a percentage over borrower’s net income to arrive at repayment capacity.
Debt Capacity Analysis: Repayment capacity of the borrower as per Daily/Weekly/Monthly cash flow.
Maximum Loan Amount: Borrower’s repayment capacity times No of Installments.
www.elitser.com Elitser IT Solutions India Pvt. Ltd.
Credit ScoringThe Credit-Scoring measures the Maximum Loan Amount and relative risk of each borrower based on Cash Flow Information and various criteria like Borrowers Profile, Business Profile, Assets and Liabilities, Credit History and Savings History
Points: Each profile is allotted some points(User Configurable).
Weightage : Each profile is allotted some Weightage (User Configurable).
Weighted Score: Points X Weightage
Cash Flow Adjustment Factor(CFAF): Is a user configurable percentage based on the total points scored by the borrower.
Maximum Loan Amount: Monthly cash flow from Cash Flow Data x Cash Flow Adjustment Factor(CFAF) and multiplies it by number of installments to arrive at maximum loan amount.
Risk Classification: Risk classification is arrived based on the total points scored and the weighted score.
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Loan Recommendation
Cash Flow Analysis: The Cash Flow Analysis tab information is automatically filled up from the data entered in Cash Flow Analysis.
Appraisal of Collaterals : The information under the ‘Appraisal of Collaterals’ tab shows assets which are flagged as collateral.
Loan Assessment : Data picked up from credit scoring, personal details and old loan accounts history of the borrower.
Loan Approval: Loan Sanction details including the amount and terms of loans and the purpose.
www.elitser.com Elitser IT Solutions India Pvt. Ltd.
Loans module handles total life cycle of Micro Credit activity. Starting from products to the repayments and closure of loans. The following steps summarizes the Loan Module activity.
Micro Credit Activity:1. Loan Products Definition2. Service Charges Definition3. Loan Account Creation4. Loan Disbursement5. Loan Repayment6. Re-Scheduling Loan7. Pre-Closure
Loan Module
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Loan Products
Loan Product Creation Loan Repayment Schedule
www.elitser.com Elitser IT Solutions India Pvt. Ltd.
Savings module handles total life cycle of Savings activity. Starting from products to the deposits and withdrawal of savings. The following steps summarizes the Savings Module activity.
Savings Activity:
• Savings Products Definition• Service Charges Definition• Savings Account Creation• Deposits• Withdrawals• Interest Calculations/Postings• Ledgers
Savings Module
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Savings
Deposits Withdrawals
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FA- Reports
1. Trial Balance 2. Trial Balance T- Format3. Trial Balance Between Dates4. Balance Sheet5. Income & Expenditure6. Day Books7. General Ledger8. Receipts & Payments9. Receipts Scroll10. Payments Scroll11. Voucher Printing
Note: All above reports can be generated As on Date/Between Dates/Comparative
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MIS Reports
1. Member Personal Details 2. Means Test3. Member Cash Flow4. Member Credit Scoring5. Loan Recommendation6. Loan Repayment Schedule7. Loan Ledger8. Savings Ledger9. Demand Note10. Collection Due Report11. Performance Ratio12. Drop Out List13. Product Performance Report
MIS - Operating Reports
1. Summary of Loan Releases
2. Active Clients Served Per Area Coverage
3. Over All MF Program Status Report (PSR)
4. Schedule of Loan portfolio and Accommodations
MIS - Funder Reports
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MIS-Management Reports
1. Listing of Loans
2. Savings Listing
3. Delinquency Report
4. Portfolio At Risk(PAR)
5. PAR by Ageing and Business Activity
6. PAR by Loan Amount and Business Activity
7. Loan Profile by Gender
8. Interest Collected by MF Unit
9. Performance by AO (Field Officer)
10. Demand Statement
11. Ageing by Member
12. Savings Defaulters Statement
13. Schedule of Micro Finance Loans
14. Client Status Report
15. Monthly Report
16. Unit Monthly Summary
17. AO Monthly Summary
18. Daily Collection Sheet
19. Monthly Beginning Balance Savings
& Loans Per Group
20. Monthly Beginning Balance Savings &
Loans Per AO
21. Pass Book
22. Monthly Report on Loans
23. Monthly Report on Savings
24. Loan Disbursement Master roll
25. Loan Application
26. Cash Book Payment Side
27. Cash Book Receipts Side
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This module helps the organization to plan their funds flow based on certain parameters. Fund planning can be planned either Group Wise or Unit Wise.
Fund Planning:1. Projections2. Projections Vs Actuals3. Surplus/Deficit
Fund Planning
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Other FeaturesSecurity – Role & Rights ManagerSecurity – User Manager
Configuration:• GL Configuration
• Parameters Configuration
• Audit Trial Configuration
• User Defined Label Captions
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Integration of Other Devices
DDEEVVIICCEE
IINNTTEERRFFAACCEE
Off Line Mode
Member Details
Loan/Savings Acc Details
Demand Information
MFSEMFSEApplicationApplication
Synchronize with Device
Upload Data to Device
Extract Data from Device
Display Demand Details
Record Collections
Issue of Receipts
Synchronize with Server
Upload Data to Server
Hand HeldHand HeldDevicesDevices
Online Mode
Onl
ine
Mod
e
Off Line Mode
Request Demand Info. From Sever(If Online)
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Export DataConfiguration
Daily Transactions
Periodic Reporting
Export Data to HO Folders
(Bra
nch
Off
ice)
Data Transfer(CD/Floppy/Internet)
Import Data from Branch Folders
Consolidated Reports Generation
Import Data Configuration
(Hea
d O
ffic
e)Repetitive Activity
One Time Activity
Export/Import Overview
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Data Porting
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