...A MICROFINANCE MIS A Microfinance MIS By: Kyle Cline University of Phoenix April 5, 2011 John Brooks BIS/209 | | Description of what the software offers. The microfinance software also known as Mifos is a free of charge open source software for Microfinance Institutions this software was created by Grameen Foundation in connection with numerous IT companies. This software is incredibly flexible and can be modified when it comes to the requirements of the Microfinance Institutions. This is an open source and people that use this source can manufacture and adjust it to what they want as a requirement. Identify the components of the Mifos database. The Mifos system makes it so that a company can easily manage what is going on just by a few clicks of your mouse. By clicking on the clients tab you can easily look through clients and access all the data that you may need. You can see the loans each customer has out and when the next payment is due, if they have had any late payments or fees and manage the account completely. You do not have to just view the report from the Mifos system; you can also choose to print the report. You can add and edit information in the system in addition to viewing and printing the data. The Mifos system seems like it would be a great asset for any company and is an easy way...
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...A Microfinance MIS A Microfinance MIS Mifos is a database system that was designed specifically for countries that are developing microfinance institutions. This database system is intended to be use by institutions whose purpose is to “deal with the planning for, development, management, and use of information technology tools to help people perform all tasks related to information processing and management” (Rainer and Turban, 2008, p.24). The different types of analysis include: Business reporting and client management; it can also include the ability of savings and loan portfolio analysis report that can be run on Mifos. Some of the system advantages are easy, effectiveness, positive social and business impacts, growth and scalability. Some of the other important design features are: protection, data integrity, flexibility and quickness. A MySQL database is run under Mifos. (Grameen Foundation, 2008). This is used for the commonly known web applications. This is usually use to store and log user data (i.e. Facebook). Within the database you can find, account authentication, authorization and administration structures built within this database. These utilities are usually assemble as one application component, this makes it user friendly. The rest of the applications are designed for loan officers, branches and loan reviewers. Business logic is supported within the function through the use of tables for this data. This is believed to be the most excellent...
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...A Microfinance MIS - Checkpoint Carri A. Williamson SCI/241 July 2, 2010 Barbara Hecker A web-based MIS, Mifos “Micro Finance Open Source” provides many resources and information to many companies. Mifos has many database components such as supports loan and savings portfolio management, centralized operational reporting, social performance measurement, and can be integrated with other technology solutions. It was launched as a community-driven platform to address the entire industry's need for cost-effective flexible technology that scales and evolves with the rapid growth of microfinance (Mifos, 2009). Mifos has many components to there database. Mifos is considered one centralized platform with a global community and its purpose is to provide support for group meetings, training & attendance, support for group and individual lending & savings, and define multiple rules, interest rates & payment types. Mifos has an unparalleled ease-of-use such as familiar browser-based interface & easy navigation and wider adoption and greater user acceptance. Mifos also has streamlined work processing such as exception-based data entry, consistent workflow, and bulk collection sheet entry, loan creation/approval. Another feature provided is flexible & rapid product execution such as define/configure unlimited loan/savings products in UI and configurable workflow - automatic activity flow. Mifos also has robust security mechanisms & fraud prevention with granular role-based...
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...The Mifos is management information system (MIS) which is accessible as web-based management for microfinance institutions. Effectively, Mifos “Micro Finance Open Source” provides resource for businesses both nationally and internationally. The system is designed for users assuming they are familiarized with the microfinance system, which assists the poverty level society to get loans based on their ability to pay them back not just with collateral. Some of the many features of the Mifos, functions are for users to view fees, funds, checklists, holidays, and offices in a business. Users can also record the reports of their business progress. Meeting reports can be recorded also through the Mifos system. The Mifos system was designed to be cost effective for businesses. The Mifos has been referred to as the central station for a globalized community. Businesses use the Mifos system is to provide support for their large group settings, attendance for their company and for training purposes. In addition, it supports savings and the lending portfolios; it provides rules, interest rates and a payment plan. It is user friendly with an easy navigation for users. Mifos streamlines the process for data entry, a continuous workflow system, collects a bulk of information for creating loans and the approvals. It is a speedy process for defining and configuring loans and savings limitations. Mifos is also designed for robust security mechanisms, preventing fraud including role base permissions...
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...A Microfinance MIS XBIS/219 06/15/2012 Clara Spenny A Microfinance MIS The Business Intelligence and Reporting Tools (BIRT) is an Eclipse-based open source reporting system for web applications, especially those based on Java and Java EE (eclipse.org). The report designer and a runtime component are BIRT two major components. When these two components are combined it will allow the user to create graphically rich reports. BIRT also offers a charting engine that lets you add charts to your own application (eclipse.org). With BIRT software, you can add a rich variety of reports to your application such as charts, crosstabs, lists, compound reports, and letterhead (eclipse.org). BIRT reports consist of four main parts, data, data transforms, business logic and presentation (eclipse.org). The sample database is available in two forms, the Apache Derby database, which is included in the BIRT download and the scripts to load a MySQL database. The schema is for Classic Models, a retailer of scale models of classic cars (eclipse.org). The sample database consists of eight tables. The tables are offices, employees, customers orders, order details, payments, products and product lines (eclipse.org). In conclusion, BIRT is a reporting tools running on the Eclipse and Tomcat combination. The BIRT sample database contains typical business data and provides a simple set of tables and data that form the basis for BIRT sample reports (eclipse.org). BIRT software is used to create...
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...A Microfinance MIS XBIS/219 A Microfinance MIS The Business Intelligence Reporting Tool (BIRT) is a software database program that allows maintenance Management System (MMS) reports to be displayed. BIRT is currently a software project within the Eclipse Foundation. The program was initially developed to allow application developers to effortlessly design and incorporate reports into Java-based applications. The ultimate goal of the software is to gather data from several locations, process the data, and present that information to end users (Eclipse Foundation, 2012). The example schema given is for a company called Classic Models which specializes in scale replicas of classic cars. The maintenance management system is a centralized database that provides information vital to a company. In this example, the database consists of eight tables which include offices, employees, customers, orders, order details, payments, products and product lines. BIRT has two key modules which include a visual report designer which creates reports and a runtime component which allows generated reports to be displayed by end users. In the example schema information is provided about sales offices which include contact information such as phone numbers and address. The employee database contains similar contact information as well as what office the employee currently works in, job title, and current manager. The customer...
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...Axia College Material Appendix B Price Elasticity and Supply & Demand Fill in the matrix below and describe how changes in price or quantity of the goods and services affect either supply or demand and the equilibrium price. Use the graphs from your book and the Tomlinson video tutorials as a tool to help you answer questions about the changes in price and quantity |Event |Market affected by event |Shift in supply, demand, or both. |Change in equilibrium | | | |Explain your answer. | | |Frozen orange crops in California |Orange juice |Supply (left)—Not as many available |Price will increase and quantity will | | | |oranges to offer consumers. |decrease. | |Hurricanes in the Gulf Coast |Oil |Shift in supply- Oil distilleries shut |The Quantity will decrease but the | | | |down. |price will increase. | |Cost of cotton decreases |Clothes |Shift in supply- more cotton available |The price will stay the same until...
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...“Mifos is a web-based management information system (MIS) for microfinance institutions (MFIs). Through its open source technology platform, Mifos streamlines the operations of microfinance institutions, providing real-time information and the capacity to scale. Mifos helps MFIs operate more efficiently and to drive a broader and deeper outreach to the poor. As the core backbone of an MFI’s operations, Mifos provides portfolio and transaction management, on-the-fly financial product creation, in-depth client management, integrated social performance measurement, and a reporting engine to provide financial transparency and business and social insight”. (According to Grameen foundation, 2011) Mifos’s software is mostly offered free to poor third world countries microfinance clients. This soft ware keeps track of client activity, details, and loan performances. The software performs in way of status details, account activity, and account details to manage clients. The software also manages groups in the same manner. The software helps to manage and track all current loans, tells when the next payments are due, give account history. Automatically find and display pending approval of loans, offer bulk approvals. Mifos’s software offers transaction and data management, it can show the user how to operate like an organization, by performing administrative task such as manage role and permission, viewing the system user, data display and rules, manage custom reports, and customize data...
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...own capacities. empowerment of women, also called gender empowerment, has become a significant topic of discussion in regards to development and economics. Entire nations, businesses, communities, and groups can benefit from the implementation of programs and policies that adopt the notion of women empowerment.[1] Empowerment is one of the main procedural concerns when addressing human rights and development Microcredit: Is the extension of very small loans (microloans) to those in poverty designed to spur entrepreneurship. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimal qualifications to gain access to traditional credit. Microcredit is a part of microfinance, which is the...
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...State of Microfinance in Bangladesh Prepared for Institute of Microfinance (InM) As part of the project on State of Microfinance in SAARC Countries By Dewan A. H. Alamgir 2009 Disclaimer Any opinions expressed and policy suggestions proposed in the document are the author’s own and do not necessarily reflect the views of Institute of Microfinance (InM). The report also does not represent the official stand of the Government of the countries studied. 2 | State of Microfinance in Bangladesh List of Acronyms ADB ASA BBS BDT BEES BIDS BKB BMDA BRAC BRDB BSBL CARB CBO CBN CDF CFPR CIDA COSOP CPD DANIDA DFID DOL DOF EC FSP FSS FY GB GDP GOB HCP HIES IBBL IFAD IGA IGVGD InM JC LGED ME MFMSP Asian Development Bank Bangladeshi NGO (formerly Association for Social Advancement) Bangladesh Bureau of Statistics Bangladesh Taka Bangladesh Extension Education Services Bangladesh Institute of Development Studies Bangladesh Krishi Bank Barind Multi-Purpose Development Authority Building Resources Across Communities (Largest NGO) [Formerly Bangladesh Rural Advancement Committee] Bangladesh Rural Development Board Bangladesh Sanchya Bank Limited Center for Agricultural Research-Barind (a Bangladeshi MFI) Community Based Organization Cost-of-basic-needs Credit and Development Forum Challenging the Frontiers of Poverty Reduction Programme Canadian International Development Agency Country Strategic Opportunities Paper (of IFAD) Centre for Policy Dialogue Danish International...
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...Cairo University Faculty of Economics & Political Science Post graduate studies Economic Department Finance for Growth and Role of SMEs An Application to Egyptian Case Prepared by: 1- Amr Hassan Elkady 2- Nashwa Mohamed Hussein Presented to: Prof. Hala El-Saied 2010 In September 2004, the Financial Sector Reform Program was launched and endorsed by the Government of Egypt at the highest political level. The five pillars of the program are reforming the banking sector, restructuring the insurance sector, deepening the capital markets, developing a well functioning mortgage market, and activating other non-bank financial institutions and services. The program aims at improving the soundness of the financial sector and promoting an enabling environment for an efficient, competitive and agile financial system that serves Egypt’s development and growth objectives. The progress and pace of the Egyptian Financial Sector Reform Program have been commended at home and abroad. However, we still have some way to go to fully reform the sector and address its main challenges; one of which is ensuring better access to financial services which is imperative to economic growth and development. Improving access to finance allows businesses, especially small and medium...
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...ICT in Microfinance: A Bangladesh Perspective Md. Badruddozza Mia, Coordinator of Computer in Development Programme, PROSHIKA The movement for harnessing the potential of Information and Communication Technology (ICT) for the development of the poor is gaining momentum around the world. Microfinance has already played a remarkable role in poverty reduction endeavours in the less developed countries. Better financial services for the poor through the appropriate use of ICTs could help the microfinance providers do even better. Bangladesh has a long track record of developing models and implementing microfinance programs. This paper explores the extent that ICT has been used in microfinance programs in Bangladesh. It looks into the use of ICT at the back-office MIS and in front-line transaction management. It describes the problems and challenges that microfinance providers and clients are facing in the present state of ICT use. The paper proposes steps that could help microfinance providers, through ICT innovations, to increase outreach and also become more efficient, transparent, and flexible. Introduction Since the digital technology era began, it has contributed to widening the gap between the rich and poor around the globe. In recent times, however, strong advocacy and innovation has occurred to harness the potential of ICT for the development of the poor [13]. ICT4D activists are working to use ICT as an "enabler" or a "tool" for development. The presumption is that it will...
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...CHAPTER ONE INTRODUCTION 1.1 Background of the Study Many people in developing countries neither have their own bank accounts nor are they able to take out loans, transfer money or insure their families against risks such as illness, accident or death. In most cases, access to these financial services that are so central to sustainable development are either denied or made very difficult. Consequently, people frequently have no choice but to resort to local moneylenders who charge usurious rates of interest or use informal and, therefore, insecure ways of performing transactions such as payments and money transfer. The above is reflected in the quotation by the past Secretary-General of the United Nations: ‘‘The stark reality is that most people in the world still lack access to sustainable financial services, whether it is savings, credit or insurance. The great challenge before us is to address the constraints that exclude people from full participation in the financial sector. Together, we can and must build inclusive financial sectors that help people improve their lives (United Nations, 1997).’’ With almost thirty per cent of the country's population living in poverty, the Government of Ghana clearly faces an enormous challenge to reduce poverty especially in the three northern savannah regions where there is the greatest concentration of poor people. To achieve rapid and sustainable reduction in poverty, it is necessary to have an integrated policy with the various...
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...STRATEGIC PLAN 2009 - 2013 BERENDINA MICROFINANCE INSTITUTE TABLE OF CONTENTS ABBREVIATION: ................................................................................................................................................. 4 1. CURRENT SITUATION ............................................................................................................................... 5 1.1 1.2 1.3 1.4 2. COMPANY INFORMATION ........................................................................................................................... 5 MICROFINANCE METHODOLOGY ADOPTED BY BMI .................................................................................... 6 VISION AND MISSION ................................................................................................................................. 7 PRODUCTS AND SERVICES .......................................................................................................................... 7 STRATEGIC PLANNING METHODOLOGY .............................................................................................. 7 2.1 SWOT A NALYSIS ...................................................................................................................................... 8 3. STRATEGIC GOAL & OBJECTIVES ........................................................................................................ 10 3.1 3.2 STRATEGIC GOAL FOR 2009-2013 .........................................................
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...China Microfinance Industry Assessment Report By He Guangwen, Du Xiaoshan, Bai Chengyu, and Li Zhanwu China Association of Microfinance Feb. 17, 2009 This report has been jointly accomplished by Prof. He Guangwen, Director of Rural Finance and Investment Research Center of China Agricultural University (CAU), Prof. Du Xiaoshan, Deputy Director of Rural Development Institute of China Academy of Social Sciences (CASS) and Chairman of Board of Directors of China Association of Microfinance (CAM), Mr. Bai Chengyu, Director of Division III of China International Centre for Economic and Technical Exchange (CICETE) and Secretary General of CAM with the support of the Network Strengthening Program (NSP) of CAM. Mr. Li Zhanwu, Division Director of Ministry of Human Resource and Social Security, Dr. Li Lili of Henan University of Finance and Economics, Dr. Zhang Zhengping, Associate Professor of Beijing Technology and Business University, Dr. Yang Jing of Beijing Material College, and Li Yaning, Yang Lu and Wang Dan from CAU have also joined the research work. Besides, this report has obtained the guidance and assistance from Ms. Wang Dan, Managing Deputy Secretary General of CAM, and the experts of SEEP. Mrs. Wang Li, President of Social Responsibility Department of Citi China has provided strong administrative and professional support. Hereby, special thanks should be given to the above fellows. For more information, pls contact Prof. He Guangwen at heguangwen@sina.com 1 ...
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