Microfinance Credit Scoring Software

What is Microfinance Credit Scoring Software?

In recent years, there have been ongoing discussions about how microfinance lenders can use credit scoring to reduce delinquency losses and loan appraisal expenses. While most experts agree that the introduction of credit scoring will greatly improve the efficiency and therefore reach and profitability of microfinance institutions, there are virtually no specialized microfinance credit scoring solutions available on the market.

Through many years of experience working with small lenders around the world, we at Microfinance Credit Scoring Software have gained a deep understanding of the problems that MFIs in emerging economies currently face (such as limited internet access).

As a result, Microfinance Credit Scoring Software is pleased to introduce a new desktop version of an innovative scoring solution, which has been tailored specifically for microfinance institutions in emerging markets:

Microfinance Credit Scoring Software

Business Benefits for Your Micro Finance Institution:

More customers and decreased losses with bad debts

Fast and accurate credit decisions

Efficient customer management

Efficient debt collection actions

All of your customers are accurately rated (better counting than guessing!)

Best value on the market (fastest ROI!)

Feature Highlights:

Transferable, easy to install and use.

2 End-user workplaces (each workplace is implemented as a stand-alone software application):

Loan Officer at aBranch

Supervisor at a headquarters

4 predefined claim forms for the following credit products:

Trade - a type of individual loan application;

Services - a type of individual loan application;

Manufactures - a type of individual loan application;

Group loan - includes multiple applicants for a loan.

Built-in scorecards (developed by our experts specifically for MFIs) and a scoring engine

Data Consolidation at Branch Headquarters

Instant processing of loan applications

User-friendly and intuitive interface

Basic customization is included in the license fee

Additional customization is available upon request

Microfinance Credit Scoring Software Overview:

A branch may have multiple loan officer workplaces. The credit officer may perform the following tasks:

Create new loan applications or edit existing ones;

Run application scoring, view scoring results and system recommendations regarding the loan application;

Export application details and scoring results to a printable form or send it directly to the printer;

Approve or reject requests;

Submit requests for approval to the Central Office;

Enter payment delinquency information for loans granted;

Export new and updated applications to a single file that can be merged into the central application database in the Central Office.

Microfinance Credit Scoring Software Overview:

The head office supervisor can perform the following tasks:

Manage users - add branches, officers, grant access;

Gather and maintain a centralized database of loan applications, merging applications from all branches;

See details about all apps;

View scoring results and system recommendations in relation to the loan application;

Process requests that require a decision at the head office level (approve loans, reject loans, or submit the request to the Chief Credit Officer for reprocessing);

Print application forms and score results;

View score reports for the entire portfolio or for specific groups (for example, view report only for selected branches, selected time range, or credit product).

View Scorecard Performance Reports

Create and manage built-in blacklists

System Requirements:

CPU: 1.8GHz dual-core processor

RAM: 2 GB

HDD/SSD: 50 GB free space on the main drive

Operating system: Microsoft Windows 8 32-bit, Microsoft Windows 7 32-bit and Microsoft Windows Vista 32-bit

Resolution: 1024×768