Moderator Note:
In the past I have restricted postings from MIS service providers. As the following post asks us to enter into a discussion of loan tracking system feature that are needed by practitioners (and quite frankly, due to the lack of much activity here over the past year) I am going to let this posting through and encourage you to consider taking a minute to answer the question raised here publicly (or also privately to Isaac).
I will go first:
Three things that I feel tracking systems should provide are:
1-A transparent interest rate, calculated on the APR standard, taking into account all fees required by the MFI. A separate APR should also be shown, taking into account any required savings prior to disbursement, or as a component of the loan payment.
2-A product by product calculation of the portfolio yield each month. A comparison with the APR by product would also be very helpful.
3-Retention Rate (or client dropout rate) report which shows how many loans are renewed from those which matured each month by loan cycle.
Thanks,
-howard
Hello
We are developers of Loan Performer Software. We are constantly evolving and publishing new versions of LPFsoftware to serve you our customer better. We are currently taking stock of challenges that MFI institutions are facing to help us match solutions to gaps. We have one question. What is the one IT based solution that we could provide you with that will significantly improve your Microfinance Practice either through Loan Performer or as a stand alone solution ? Please send your email to: isaacmalagala@yahoo.com
Posted by: isaacmalagala@yahoo.com
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