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Bankmill Microfinance

Bankmill Microfinance Solution Microfinance is fast emerging as a powerful instrument for poverty alleviation in growing economies. The major challenge for microfinance institutions is to contain costs as customers and entropy increases, get consolidated reports to make decisions regarding which region to grow further, how much to grow and whom to give loans to. One way to solve this is through the selection of the right microfinance technology that is scalable, reliable and affordable, and at the same time, allows MFIs to focus on their core business areas. Managing information flows is of critical importance to sustain and grow Microfinance institutions. BankMill - MicroFinance is able to manage such minute customer records and portfolios, and also helps MFIs manage their profits and analyze the risk factors. Our MFI suite has provision for alternate channels such as POS, mobile banking etc. that allow the businesses to provide online, real time and secure services to customers even in remote areas using the branchless banking concept. Coded to offer functionality, power and flexibility of growing organization, BankMill - MicroFinance enables an organization to achieve high productivity, more efficient customer service and greater profitability. Functionality BankMill – MicroFinance solution has following features to support agents:

• Agent Setup
• Agent Customer Account Setup
• Agent Commission Setup
• Door to Door and Sub Branch Support
• Single Person Account Holding and Group Lending Support
• Upload Account Data to Central Database
• Download Account Data from Central Database

Some of this functionality is given below:

• Customer Masters (CRM support)
• Account Masters
• All Products Support (CASA/Deposits (FDs and RDs)/Loans)
• Multi-currency Support
• More than 100 standard reports
• Regulatory bank reporting
• Credit scoring module
• Configurable Product Security
• Group Security
• Project Loan Approval Workflow
• Detailed loan management (from application to write off / pay off)
• Loan repayment performance highlights
• Insurance details tracking (For Agent and Mortgaged Assets)
• Rescheduling / restructuring loans
• Refinancing loans / top-ups
• Batch disbursements / rescheduling / pay offs
• Loan history tracking
• NPA Processing

Bankmill Microfinance solution can support alternate channels such as:

• Internet Banking
• SMS Banking
• Short Code Service Support
• Kiosk Based Banking
• IVR Based Banking
• Call Center Based Banking
• ATM and Cash Dispensing Machines Interface

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