Micro Finance

Nova Terra Technologies enables Micro Finance Institutions (MFIs) to handle all organizational and functional needs by streamlining their Micro Finance processes across the organization. A Micro Finance Solution (MFS) is a robust & scalable platform that assists to automate all core business processes on a strong technology backbone which enables institutes to:

• Achieve business growth at lower investments
• Enhance customer reach multi-fold in a secure manner
• Keep track of the profitability, compliance & reporting
• Provide a better customer experience by providing real-time information to customers across geographical regions

The key challenge which the Micro Finance industry involves is its diverse nature. For example, within the field of micro finance there are several different lending processes,
such as:

• Provision of individual lending, village banking, and groups
• Various institutional models such as Self Help Groups (SHGs), Federations etc
• Various methods for disbursement and interest calculation depending on the type of finance/loan products offered

Nova Terra Technologies has learnt from the grassroots in understanding the organizational and the functional needs of MFIs and has absorbed all the experiences in the creation of the ‘best fit' solution to the needs of MFIs across the world.

Based on specific needs of the organization's employees and its management, Nova Terra provides the guidance, expertise and customization required to meet the business objectives. Our MFS includes a variety of Micro Finance modules ranging from:

• Financial Accounting
• Member Information
• Product Configuration
• Savings Tracking
• Loans Tracking
• Reports
• Security
• Application Management
• Help