SETTING UP POOR PEOPLE FOR LIFE 10: PortaCredit
PortaCredit technology serves to:
* Decrease paper use;
* Improve data entry;
* Improve info flows;
* Increase efficiency;
* Improve loan recovery;
* Provide faster service;
* Allow more poor microentrepreneurs access to financial services and increase loan officer caseload productivity.
Since its inception in 1999, PortaCredit has evolved into a highly specialized and functional tool. The synchronization between the PDAs and PCs and the interface between the PCs and the MFI’s central MIS has progressed as improvements have been made to the available technology. PortaCredit can now accommodate multiple loan products and the new platform incorporates various credit scoring tools, further contributing to the MFIs’ efficiency. MFIs implementing the PortaCredit program have reported impressive cost-savings in non-salary operational costs.
If you want your $$$$ to have the maximum & optimum effect on poor people, donations are accepted at www.accion.org/b5media. Donations are tax deductible.
This post is part of the b5media Business Channel Great Blog Off! Find out more about the Blog Off here: http://www.b5media.com/b5media-blogs-for-a-cause.
Great BlogOff logo by Arieanna Schweber, ACCION logo & info from www.accion.org, images from Microsoft Clipart reconstructed by Ren Garcia
