Example: Each MFI operates like a bank, but with a much more hands-on relationship with each client, to facilitate the group formation, training, and peer solidarity that makes microfinance such a powerful tool for empowering the poor. Some of these MFIs are large, serving hundreds of thousands of clients but many are small and are still using spreadsheets or pen and paper to operate. Because of this high transaction volume and high touch relationship, technology is an even more critical enabler for the microfinance sector. For MFIs to scale and have greater impact on the poor, they must be more efficient and have a broader reach.
Think of an MFI as a bank that comes directly to the customer - daily, MFI field staff hop on their motorbikes and bounce along dirt roads bringing financial services directly to the poor.
Benefits of Mobile:
Within the scope of mobile-enabled processes there too is a broad spectrum of usage. A mobile Mifos X application could be either the primary or secondary device the keeps field officers or even an entire branch connected remotely. For most MFIs, this mobile app will be a secondary way to access Mifos allowing loan officers to be better informed and more efficient while serving customers in rural areas. For some in areas of limited or no connectivity at their branch offices, this could be the primary way to access Mifos, with mobile devices serving as thin clients. With Mifos installed in the cloud, they could perform all their day to day operations in offline mode on their mobile and then sync with the cloud when they have connectivity.
UPDATE: Scope is being modified as this is now an ongoing and not a weekend-long project.Items that are out of scope for the current release (RHOK weekend) are marked in RED.
Multi-tiered access: The amount of information available about the end-user would depend on the level of the client using it.
Bulk Entry of Repayment Data
Task lists and Upcoming Meeting Reminders
CASE STUDIES: