Address of Microlending Software Company

Kolkata, West Bengal, India

Call for Microcredit Software Price

+91 97111 01954

Free Microfinance Software Demo

24/7 online support

Best Microfinance Software

Welcome to the best Microfinance Software Company in India. We develop state-of-the-art business management applications for the banking and finance industry. Get advanced software for Microcredit business management from us. Call 9330160431 for more details.

We are one of the notable software development companies, offering the top online best microfinance software in India at a cost-effective price. Since 2007, we have been being financial software development and distribution. Our Micro Credit software is designed to take care of complete microloan frameworks for any type of Microfinance institutions (MFIs) – small, medium, and big.

Now, managing microloan is too simple with our Microfinance Banking Software. All you need to do is to track, manage and dominate. All the tasks are now automated with this particular application. The lending process is now quick and hassle-free. Clients can repay you by using various kinds of payment gateway and modules.

What is
Microfinance

Microfinance is a type of monetary organization (Banking or non-Banking) that provides financial services and support to poor individuals, small companies, startup businesses, etc. It is also called ‘Microcredit’ or ‘Microloan’ services. This financial organization generally provides finance-related solutions to those who do not have the opportunity to get the same from the predominant financial organizations (Banks).

The Pioneers
of Microcredit System

Two people are regarded as the pioneer of microcredit systems – Muhammad Yunus from Bangladesh and AI Whittaker from the USA. Muhammad Yunus started the Grameen Bank in 1976, Bangladesh. The bank was involved in giving microloans to the poor people in Bangladesh. He was awarded Nobel Prize in 2006 for his contribution to the microfinance concept. AI Whittaker helped to popularize the concept of microfinance in the world.

Microfinance includes the following products:

Micro loans

Micro loans

Micro loans are significant as people don’t need to provide any collateral against loans. The end result of microloans should have be to its recipients outgrow smaller loans as per their requirements.

Micro savings

Micro savings

Micro savings accounts grant businesspersons to operate their savings accounts with no minimum balance. These accounts help users indoctrinate financial regulations and develop an interest for savings.

Micro insurance

Micro insurance is a type of coverage provided to the borrowers of microloans. These insurance plans have lower premiums as compared with the conventional insurance policies.

cloud cloud 2 Announce chart

Get a Microfinance Software Demo for free.
+91 - 9330160431, +91 - 9711101954

about ellipse

Why Use Microfinance Software?

We all know that the modern businesses of today use one or multiple kinds of business software to manage their daily business activities. It is very essential to use the software in the financial business also. You cannot find a single banking or finance-related organization that doesn’t use financial software in its operations.

Keeping a close eye on the business is essential to keep it going. Without a close watch, no business can survive. Microfinance business is complex like banking. There are accounts, deposits, loans, recovery, and clients, employees, management-related processes that need to take care of. Without proper microfinance management software, none can manage all these aspects by themselves.

On the other hand, if you have the best microfinance software, then you can manage all those convoluted forms of your financial business. It does not matter if you are running a small organization or large – an advanced micro-credit software you must consider. With it, you will be able to track and manage your assets, general and business accounting, funds, and data, etc.

The cost of Microfinance Software in India is economical; hence there would be no pressure on your budget. It is a most affordable application for Microlending that is available in India. No other company can offer what we provide to your MFI.

learn more contact us
arrwo_left arrow_right
Branches

Branches

200 +
Employees

Employees

570 +
Customers

Customers

11500 %
Portfolio in Crores

Portfolio in Crores*

500000 +

Some of the Prominent Features of Microfinance Loans

Microfinance loans features 1

The borrowers of Microloans usually come from low income backgrounds.

Microfinance loans features 2

Microfinance loans are generally low amount loans – ₹100,000 to ₹200,000.

Microfinance loans features 3

The tenure of micro-loans generally comes with 12 to 24 months period.

Microfinance loans features 4

You do not need to submit any collateral against Micro Finance loans.

Microfinance loans features 5

These loans are usually recompensed at higher regularity.

Microfinance loans features 6

The aspiration of microfinance loans is to generate income.

GROUP LOAN

Joint Liability Group Loan is the best option as it does not put too much burden for repayment and guide them through their business ambitions. This framework assists you take a loan in an association or group. The lending apparatus grants a group of individuals - known as the solidarity group to provide collateral or loan guarantee through a group repayment pledge. Joint Liability Group Loan is excellent for meeting personal and business commitments in an association so that the liability is branched.

It results in sustainability and betterment of livelihood for everyone in the association. Financials Group Loan is quite simple and all-purpose emergency loan offered to the employees of a company for a period of up to 12-24 months. The group loan offers Rs. 15,000 to Rs. 1, 00,000 amounts range. 15,000 to Rs. 1, 00,000. The stimulus to repay the loan is based on associate’s burden, if one group member is unable to pay, the other group members need to make up the payment amount.

Group loan

Relation between Group Loan Microfinance

Microfinance, whiich is popularly known as micro-credit, is a distinct type of banking service that are provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services. There are two types of Micro Finance loans available – 1. Group Loan and 2. Individual Loan. In microfinance, group loans are aimed at very low-income business persons with the small enterprises, where the group members provide a guarantee for each member of the group.

Group Loan through Microfinance policy has become a very popular practice in numerous developing countries like India, Bangladesh, Thailand and many African nations. Here people don’t need to apply for loan individually. Instead they organize themselves as the self-help group and take the loan. This loan product in Microfinance is meant to provide working capital to micro entrepreneurs with small businesses that are usually unregistered and rely on group guarantor ship as substitute for collateral. All group members are responsible for repayment. Microfinance Group loan is devised for micro-entrepreneurs, labour class, women & farmers who are living in urban and rural areas.

India is able to develop its own form of Microfinance Company in the form of savings and credit groups. These are known as the Self Help Group (SHGs) and they are linked with the banking system. These groups (SGH) are mainly organized and supervised by women. This has become a very popular and well regarded apparatus that has led to women's empowerment and social change.

Our Company offers custom software development for Microfinance Group Loans management. The features of Microfinance Software would allow any MFI to deal with individual and Self-Help group loans. Managing credits were never that easy until we have arrived in this industry.

ADVANTAGE OF MICROFINANCE SOFTWARE

microfinance software advantage 1

Microfinance software is designed to work seamlessly with Micro-Finance Institutions of all sizes to facilitate centralized and efficient delivery of services.

microfinance software advantage 2

Microcredit software covers sustained efficacy in a standalone system including the commencement of loan, underwriting, collection, and reporting.

microfinance software advantage 3

Microfinance Banking software speeds up “Cut-Off Timing” and eliminates insecure manual processes in favor of smooth and automated workflows.

microfinance software advantage 4

Microfinance Loan software introduces a Core Banking System which delivers high performance and top reliability to the financial organization.

microfinance software advantage 5

Microfinance management software reduced cost, being in the cloud means banks do not have to invest heavily in dedicated hardware, software and related manpower. Updating the areas of IT infrastructure has becomes much easier. These things can be done by skilled workers remotely, rather than having to visit each branch in person.

microfinance software advantage 6

Microcredit system software introduces intuitive Graphical User Interface (GUI), guided proceedings, and energetic coverage functionality to optimize the whole workflow process. This is one of the best ways to meet the demanding requirements of a microfinance institution to serve their clients and facilitates the refined loan process.

microfinance software advantage 7

Microfinance loan management software legitimizes the MFIs and NBFCs to strengthen their product offerings and improve the customer base. Microfinance products are beyond conventional small loans. The company may also other financial products like group savings, individual savings, etc. via its effective cooperative platform.

microfinance software advantage 8

Software for Microfinance will make sure that the entire client's detail has been acquired accurately.

microfinance software advantage 9

G. Tech's online Microfinance software price is affordable and comes with a very high level of automation.

microfinance software advantage 10

Our Microcredit management software is designed to cover all the activities that are done at the branch level.

microfinance software advantage 11

With Microfinance software you can track all the loans given and calculate their interest rates easily.

microfinance software advantage 12

Microfinance credit management software Improves efficiency, using a cloud system requires your core banking applications and processes to be standardized. It ensures that the technology and business operations can be much more closely aligned.

microfinance software advantage 13

Cloud banking provides MFIs the capacity to respond quickly to the changing market scenario. They can scale up and scale down technologies according to their requirement. The ability to respond quickly provides a real competitive advantage over the others.

microfinance software advantage 14

Microfinance Loan software is secure and optimized to deliver rich user experience.

microfinance software advantage 15

Microfinance lending software increased reach of operations with lower turnaround time.

microfinance software advantage 16

The price of Microfinance software is inexpensive and it reduces operational costs.

microfinance software advantage 17

This system can meet your business demands in an ever-changing loan market.