The Hindu Business Line : Portfolio tracking of micro-credit borrowers

Hyderabad June 4 More than a million small borrowers, who are approaching micro-finance institutions (MFIs), to get their financial needs will be brought into an electronic portfolio, which makes it easy to keep track of their operations.

Through the implementation of a software solution, it would soon be possible to capture data transactions from the various units of the MFIs, operating in the rural and semi-urban areas, where the small borrowers are. An Electronic Portfolio Tracker will be put in place.

MoU signed

To make this possible, Spandana-Spoorthy Innovative Financial Services, an MFI and Satguru have signed a memorandum of understanding. They will together develop a management information system, to be called Spandana Information Management Systems (SIMS).

The SIMS would facilitate decision-making process, which is relevant to fast growth of the financial services to the rural poor. It will address portfolio tracking of the large number of micro-credit borrowers in which Spandana currently services, according to a press release from the companies.

More Stories on : Credit Market | Software | Rural Development

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