What is Microfinance Software?

Microfinance means for providing financial support or financial services to the low income people, small business or small group of micro entrepreneurs, self employed clients and others who look for microfinance in both urban and rural areas of a country. Microfinance helps people not only grow their business efficiently and successfully but also enables them to enjoy a better life style and make them out of poverty through  more employbilitiy and better revenue. Poor and near poor people not having access to local banking due to unavailability of banks in their locality or high service and transaction charges, require microfinance support which serves the low income employees all the necessary supports at minimum cost.

There are many Microfinance companies who require softwares for efficient operations and management of various services keep running. vERP is a reputed and leading software development company which plays a vital role for innovation of new softwares on microfinance with latest technologies available.

vERP offers complete web based easy to use, flexible microfinance software solution which includes the following module.

·          Branch Management,

·          Product Management,

·          PO Management,

·          Fund Management,

·          Member Management,

·          Loan Processing Management,

·          Loan Security Management,

·          Loan & Portfolio Management,

·          Accounting System Management and

·          Reports analysis, etc.

For more detail please wait till next post.