Professional Documents
Culture Documents
Overview of MIS Mr. Ramachandran
Overview of MIS Mr. Ramachandran
2008
Microfinance in India through its two major channels SHG Linkage and MFIs served over 33 million Indians, up by 9 million over FY 2006-07 4 out of 5 microfinance clients in India are women. Micro-credit portfolio of India Microfinance was Rs. 22,000 crore 75% are accounted for by SHG Linkage, 20% by large MFIs and 5% by medium and small MFIs SHG Linkage reports over Rs. 3,500 crore savings, only MFI Bank, KBS Bank reports about Rs. 40 crore savings portfolio MFIs operate in 209 out of 331 districts of the country, 28% of the new clients are from Urban areas.
Through all channels, reach is only 30 million 250 million people live below poverty line Rupee One lakh per individual needed for livelihood promotion, hence trillion of Rs needed Penetration of life insurance services in rural India is <10%. Asset, health, weather and other general insurance services are still nascent Micro savings and remittance products have huge potential under BC model
High Volume of Financial Transaction but value wise very low Majority of the financial transactions are off-site in nature Geographic spread of operations and density of customers Lack of infrastructure facilities like power, broadband etc Unsecured lending and no documented financial history is available Combination of above, lead to high operating cost
Private Investors and equity funds are now financing fast growing and nascent MFIs Some state governments are funding SHGprogrammes Govt. of India has appointed NABARD to manage the Microfinance Development & Equity Fund (MFDEF) Microfinance Bill pending in Parliament
WHY MIS?
Good information system aids in better management of resources Analyze target Vs achievements, critical operational parameters Motivate field staff and to create healthy competition, increase the efficiency of Human Resources To strengthen financial performance Plays vital role in strategic decisions, enabling course correction
Right information at right time is key to success
Ability to define loan products Suitable for different model of lending Loan Disbursement and Repayments Portfolio monitoring Write Off & Re-scheduling Social Performance Indicator Tracking Automatic calculation of incentives loan officers
appraised/sanctioned Vs disbursement particulars Day wise collection statements Loans overdue reports Portfolio Performance Reports
Management Reporting
Operating Summaries
Weekly (Inflows & Outflows at branch level) Monthly (Demand, Collection and Balances)
Repayment % Principal At Risk (PAR) Non Performing Assets (NPA) Aging Analysis of Overdue Financial Ratios First Time Overdue (FTOD) Drop out customer reports
Statutory Requirements
RBI (Central Bank) Compliance Reports
Delinquent loan provisioning/Bad debts Writtenoff details Savings/Cash Security Particulars
Stock Statements Any other information that they may ask from time to time..
Portfolio Diversification
Loan Products Loan Activities
Lending Methodologies
Joint Liability Groups Self Help Groups On-lending Direct Lending
Distribution Responsibility Center Concept Portfolio diversification Lending Methodologies Efficient portfolio monitoring Reports FTOD, Drop out customer reports
Benefits of Technology
100% Automation of all Business/ functional areas Integrity between operations modules to Financial accounting High Data security and inter-operable Flexible Loan/Savings/Insurance product definitions and its revisions Automated Loan Documentations Tools for controlling and effective monitoring Various MIS reports for analysis from field level to top Management.
Appointed a IT partner for development support Recruited IT and Domain specialists Conducted detailed system study and followed SDLC process systematically System audit conducted at different levels of development and implementation. Ensured constant year to year operations productivity improvements Revised business strategies are aligned with MIS
BASIXPM
BASIXiStation
BASIXCollect
BC MODEL
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SBI*
The data entered in both the systems will be uploaded to respective remote servers and customer can access all services under one roof
Central server
BASIX IT Architecture
Central Server
Desktop PC or Laptop
Key Learning's
Recruitment of cross domain (IT and Functional) specialists for managing software is always useful Content with having the MIS meet 80-90% of information needs More complex MIS less likely to work Be practical in your thinking An MIS will not meet all the flexibility hoped for Run parallel manual accounting/MIS for the first six months
Our suggestions
Assess your MIS needs Initiate the process Acquire good MIS Adopt IT in your business Make your work simple ..