Microfinance Solution

PS-Microfinance

ProgressSoft’s Microfinance Solution enables microfinance institutions to fully digitize and automate loan applications, calculations, disbursements and renewals, in addition to offering digital customer onboarding and enhancing decision making, reporting, and customer relationship management.

The solution leads microfinance institutions into a new digital age that scales presence, simplifies processes and reduces turnaround times, enabling them to benefit from complete and flexible client, business and portfolio management.

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PS-Microfinance

Features

End-to-End Solution

PS-Microfinance is an end-to-end solution that covers know your customer, lending, and reporting features. It offers one consolidated platform for microfinance institutions to manage and control operations, processes and portfolios.

End-to-End Solution
Loan Processing and Management

Loan Processing and Management

PS-Microfinance completely digitizes loan applications and processes including renewal, disbursement, calculations, and product configuration and customization. It also keeps track of client activity, client details and loan performance for full visibility and control.

Customer Onboarding

PS-Microfinance complies with any country’s Know Your Customer (KYC) regulations, rules and requirements. It enables the storage of customer signatures, images and identity documents, and seamlessly integrates with eKYC solutions to eliminate the manual processes and paperwork of microfinance institutions.

Customer Onboarding

More features

Adaptable and Customizable

PS-Microfinance offers value-added functionalities for deploying a financially inclusive and customizable solution that can be configured to comply with local and international regulations, as well as customized for any combination of financial services, organization type, market, demographic and any institution-specific needs.

Seamless Integrations

PS-Microfinance is based on a modern Application Programming Interface (API) architecture that enables microfinance institutions to seamlessly integrate with other payment platforms, mobile devices and emerging technologies.

Business Management and Reporting

PS-Microfinance offers comprehensive standard reports, in-depth audit trails, and automated portfolio accounting that meet and exceed the expectations of investors, regulators and all stakeholders.

Saving Products

PS-Microfinance offers the creation of saving accounts for groups or clients based on saving product predefinitions within the solution. The saving accounts abide by the rules of the saving product they are created from, and in some cases may be mandatory by microfinance institutions.

Benefits