Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

Status
colourGreen
titleComplete
  - completed feature that has already been developed as part of the platform (or a module/service connecting to that platform) and shipped as a public release.

Status
colourYellow
titleIn Development
 - feature that is actively being developed and will be shipped in the next 1-2 release cycles.

Status
titleScheduled in Roadmap
 - feature of high priority that has been scheduled as part of the product roadmap and will be developed.

...

Loan Products

Individual Lending Use Mifos X to create individual loans that can be configured to be either secured on unsecured. A full range of fixed term and installment loans can be defined for individuals including collateral-backed loans, variable installment loans, floating interest rate loans and top-up loans. 

Group Lending - On top of individual loans, Mifos X has been designed to fully support the various group lending methodologies including Grameen-style group loans, joint liability group loans which are all tracked in our loan cycle counter. Group loans are a single loan to an entire group with a common amount while joint liability group loans are individual loans amongst a member of a group with a collective guarantee. Group repayment of common amount is supported.

SME Lending - Lending to small and medium sized enterprises is supported through Mifos X.

Business Loans - The user can create loans that are designed to stimulate and support business growth.

Agricultural Loans - Through Mifos X, agricultural loans can be assigned and even structured around the harvest season.

JLGL (Joint Liability Group Lending) - Joint Liability Group Lending, which is the process of individual loans amongst a member of a group with collective guarantee, is backed by Mifos X.

Incremental Disbursement Loans - These loans are typically used for home construction or a project where certain goals must be met to obtain the next loan amount, and are supported by Mifos X.

Open End Lending - Mifos X offers the ability to approve a client for a particular sum and grant him/her access to the loan for a specific period of time.

Variable Installment Loans - Fully configurable repayment schedule for agricultural loans in which to define installment amounts, period of time between installments.

Custom Loan Program - 

Guarantor Management

...