Micro Financer Standard Edition From Elitser IT Solutions India Pvt. Ltd

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]

mailto:[email protected]


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


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


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


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


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.


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.


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.


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


Loan Products

Loan Product Creation Loan Repayment Schedule


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


Savings

Deposits Withdrawals


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


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


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


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


Other FeaturesSecurity – Role & Rights ManagerSecurity – User Manager

Configuration:• GL Configuration

• Parameters Configuration

• Audit Trial Configuration

• User Defined Label Captions


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)


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


Data Porting

For further details [email protected]

Documents

Micro Financer Standard Edition From Elitser IT Solutions India Pvt. Ltd