Get introduced with ChiefERP’s specialized product that’s renowned as “Mi-Fi,” a complete solution for MicroFinance Institutions and special funding enterprises.
Mi-Fi is an online loan management system developed for micro finance and lending companies. Manage all client loans and savings in one location. Send SMS to your borrowers. View detailed stats and charts. Download loan statements and reports. Manage expenses and payroll. Cloud based loan software that is secure and easy to use.
Mi-Fi includes all the tools needed to operate and manage your operation. Features include solicitation, loan application processing and approval, pull and save credit bureau, document prep, insurance calculation and tracking, collections and reporting.
Mi-Fi software would go a long way in helping microfinance institutions (MFI’s) in streamlining their service provision and management processes, if implemented. Microfinance institutions serve the purpose of being mini banks, for those who are not able to access the financial services offered by banks. They have smaller scale operations, and their transactions though quite considerable, are much smaller compared to those of commercial banks.