Microfinance management solution on Tallymilantallyservices.com/wp-content/uploads/2018/04/mPower... · 2019-06-18 · Comprehensive accounting of Tally.ERP9 ... Cash Flow Statement

Microfinance management solution on Tally.ERP9

© Copyright 2016 – 2018 Milan Tally Services

mPower helps manage

Membership

Micro Loans

Share & Dividend (separate add-on)

Savings (Separate add-on)

Fixed Deposits (separate add-on)

Recurring Deposits (separate add-on)

Pension (separate add-on)

Insurance (separate add-on)

Accounts & Payroll


Benefits of mPower


Quick and comprehensive assessment of borrowers that

reduce risks

enable faster recruitment of members.

Management of member meetings and interactions help improve service delivery.

Automated entries reduce staff time in data entry and also improve accuracy.

Helps faster service delivery, gaining customer loyalty

MIS reports that warn of doubtful debts and defaults that help improve debt collection.

Reduced cycle time for loan recovery, thereby reducing recovery costs.

Ability to sell extended products range and Loan repayments.

mPower Services - Products & Activities


Loan

Insurance

RC

• Monitor and help members make contribution into Recurring deposits, Fixed Deposits to make assets and investment.

• Monitor and encourage members contribute into Share. Dividend is distributed among share-holders

• Monitor and encourage savings by members to help them repay loans.

• Provide loans to members to help them meet business or personal obligations

Loan Savings

Fixed/ Recurring Deposits

Share

Features of mPower


Detailed record of members ranging from financial collaterals to their household data

Record of member meetings and objectives.

Membership goals set-up, recording and monitoring.

Loan disbursement and repayment schedules, as well as loan rescheduling.

Automated EMI calculator to determine interest and instalments

Loan recovery and settlement.

Loan default management

MIS information and reports like Member meetings report, Loan summary, Loan outstanding dues, Loan defaulters as well as performance reports.

Comprehensive accounting of Tally.ERP9

Additional service products like Pensions and Insurance are available as add-ons in the solution.

Microfinance Activities and Products


Membership Management

Main Product

Loans

Other Products (available as add-ons)

Share & Dividend

Savings

Fixed Deposits

Recurring Deposits

Pensions

Insurance

Accounts & Payroll

Membership Management Flow


MFI contacts villagers

Gives prospectus to villagers

On complying with terms of prospectus

Villagers become members of MFI

Information recorded Personal, Nominee /

Guarantor and association level

Regular meetings with members to assess progress of

objectives

How it Works on Tally.ERP9


The diagram below shows the typical setup of mPower and Tally.ERP9 for multi location environment. The system will first be implemented at the HO. In subsequent phases the system will be implemented at the other locations/Branches. The data will be transferred from any location to the HO through means of LAN or Internet as decided and based on the actual system implementation.

Registration Form


Ledger Card





Main Product

Loans

Other Products (available as add-ons)

Share & Dividend

Savings

Fixed Deposits

Recurring Deposits

Pensions

Insurance

Accounts & Payroll

Loan Management Flow


Member

approaches MFI for loan or vice versa

MFI verifies the purpose of loan

MFI computes members household

income and collaterals

If the conditions of loan disbursement are met,

the loan is granted

Training programs are conducted for members

to generate incomes

Loan Management


Loan Disbursements

Loan types:

Vehicle Loan

Educational Loan

Medical Loan

Festival Loan

Marriage Loan

Income Generation

Loan

Funeral Loan

Installment calculation

Interest calculation

Loan Recovery

Receipt of installments

Loan balances due

Loan Preclosure

Skipped Installments

Loan and interest

recalculation

Debt recovery from

Collaterals

Loan Adjustments

Loan Application


Loan Approval


Loan Disbursement


Loan Pre-closure


Arrears Report


Collection Due Report


Guarantors Report


Approval Summary


Disbursement Summary





Main Product

Loans

Other Products (available as add-on)

Share & Dividend

Savings

Fixed Deposits

Recurring Deposits

Accounts & Payroll

Accounts & payroll


Accounts

Balance Sheet

Income & Expenditure Statement

Cash Flow Statement

Group Summaries

Outstandings

Branch Accounting

Statement of Accounts

Payroll

Staff Records

Salary Payment

Statutory Deductions

Pay slips

Next Steps


The above slides would have given you a fair idea of how mPower addresses Borrower/Member management and the lending activities.

Other add-on service products, like Savings Tracker, Fixed Deposits, Recurring Deposits, Pensions and Insurance are available if you need them.

Please contact us for a demo and to discuss your specific needs.

Thank You !


P-222, CIT Road, Scheme – VIM, Kolkata -700054 INDIA Phone: 91-33-4006-9434 Email: [email protected] Web: milantallyservices.com

mPower is part of the Finance Industry Solutions on Tally.ERP from Milan.

Milan’s Tally Team has immense international experience of building and supporting solutions in and around Tally in different industries.

mailto:[email protected]

http://www.milantallyservices.com/

Documents

Microfinance management solution on Tallymilantallyservices.com/wp-content/uploads/2018/04/mPower... · 2019-06-18 · Comprehensive accounting of Tally.ERP9 ... Cash Flow Statement