Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does Mifos address the barriers to growth of microfinance?

0
Posted

How does Mifos address the barriers to growth of microfinance?

0

Mifos will be discussed in detail in later parts of this tutorial, but a high level understanding of how it fits into the bigger picture is appropriate here. Mifos addresses the issues of scale and sustainability in several ways: Improved operational efficiency. As an automated management information system, Mifos will lower the cost per transaction and lower the cost of supporting multiple financial products. Reporting from the system will be efficient and consistent, yielding better measurement of operational, financial and social impact performance. This information in turn will be the basis for continued improvement in MFI processes. Higher portfolio quality. Easier and consistent tracking and reporting of clients, transactions, products, etc. will yield a higher quality overall portfolio which in turn allows for a more sustainable operation Increase funding and lower cost of capital. Clean and consistent reporting of results both financial performance and social impact is a key to

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.