Microfinance Management Solution On Tally - ERP9 - Mpower

Copyright 2008 2013 Milan Solutions Copyright 2008 2013 Milan Solutions
Microfinance management solution on Tally.ERP9

Copyright 2008 2013 Milan Solutions
mPower helps manage

Memberships
Micro Loans
Savings (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 Service Products & Activities
Monitor and help
members make
contribution into
pension funds.
Monitor and help
members take
insurance policies to
secure assets and life.
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
Pension Insurance
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.

Activate MFI Operations
Gateway of Tally.ERP9
Microfinance Activities and Products
Membership Management
Main Product
Loans
Other Products (available as add-ons)
Savings Tracker
Pension
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
Step - 1
Step - 2
Step - 3
Step - 4
Step - 5
Regular meetings
with members to
assess progress of
objectives
Step - 6
Registration Form
Membership Information
Personal Information :
Member Name
Occupation
Date of Birth
Address
Contact No.
Joining Date
Retirement Date
Income
Type of Business
Insurance Details
Collaterals Security
Family Member Details

Nominee & Guarantor :
Nominee Name
Relation with Member
Guarantor Name
Interest on Loan Taken
Interest on Deposits

Association level:
State
Districts
Taluk
Groups

Member Master Data Capture Main Screen
Member Household Data Capture Sub-Screen
Member Financial (Collaterals) Data Capture & Display Sub-Screen
Meetings management report
Main Product
Loans
Other Products (available as add-ons)
Savings
Pension
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
Step - 1
Step - 2
Step - 3 Step - 4
Step - 5
Back
Loan Management

Loan Disbursements

Loan types:
Educational Loan
Vehicle Loan
Festival Loan
Gold Loan
Marriage Loan
Income Generation
Loan
Funeral Loan
Installment calculation
Interest calculation

Loan Recovery

Receipt of installments
Loan balances due
Installment Reminders
Skipped Installments
Loan and interest
recalculation
Debt recovery from
Collaterals
Loan Adjustments

Loan (Assets) Master Data Capture Screen
Loan Disbursement Form
Loan Repayment Screen
Loan Summary Report
Loan Outstanding Dues Report
Loan Defaults

Main Product
Loans
Other Products (available as add-on)
Savings
Pension
Insurance
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,
Pensions and Insurance are available if you need them.

Please contact us for a demo and to discuss your specific
needs.
Thank You
Copyright 2008 - 2009 Milan Solutions

India

Kolkata:

Milan Solutions India Pvt Limited
P-222 , C I T Road, Scheme 6M
Kolkata 700 054

Tel: +91 (0) 33 4006 9434
Email: tdl@milansolutions.in

www.milansolutions.in
www.milanitservices.com

Ahmedabad:

201, Abhigam, Opp Doctor House
C.G. Road, Ellisbridge
Ahmedabad 380 006

Tel:+91 (0) 79 4005 6567

UK:
Milan Solutions Limited
Dawson House,
131-135, High Street
New Malden, Surrey KT3 4BH

Milan Solutions India Pvt Ltd
mPower is part of the Finance Industry Solutions on Tally.ERP from Milan.
All rights reserved.

Milan is an authorised Tally Integration and Services Partner

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

Microfinance Management Solution On Tally - ERP9 - Mpower

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Copyright 2008 2013 Milan Solutions Copyright 2008 2013 Milan Solutions

Microfinance management solution on Tally.ERP9

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