Micro Credit Software

Micro credit, we can call this microloan as well – the idea is simple enough: By giving a very small loan to someone living in a poor country, you could help them expand a small business, which would lift their family out of poverty. When they pay back the loan, the money can be cycled to more borrowers, getting more families out of poverty. Organizations offering microcredit to poor borrowers — many living on $2 or less per day — took off in those decades. Investors and donors poured money into micro credit, hundreds of organizations offered loans, and the number of borrowers worldwide skyrocketed to 211 million by 2013. We should see it as a way to expand options for poor people by offering more reliable financial services. Extremely poor people need these services just like everyone else, and the availability of capital to deal with irregular and at times unpredictable incomes is a huge help to them. This benefit, along with its impressive growth around the world, arguably makes micro credit a success.

Economist Muhammad Yunus as well as Dr Fazle Hasan Abed has played a big role in shaping the new perspective. Female empowerment also became integral to the story. Many micro credit institutions made it a priority to lend to groups of women (about 80 percent of microcredit borrowers are now women).

To date, many microcredit organizations are operating their services and calculating manually, topmost they are using Microsoft Word for documentation and Excel for simple calculation. It’s a matter of regret that in this advancing world such brilliant and humanitarian, and most of all such financial, institutions are left behind of the ICT’s growth and advancement.

Yes, there are “some to many” software regarding microcredit on the market at present, in Bangladesh, in India as well as in some other countries. Though South Asia is the core place of the microfinance system in the world, there are too many microcredit organizations out of league here due to some obstructions on the path of advancement to ICT here.

1.Microcredit institutions are facing difficulties in grasping automated software systems mainly due to financial aspects. The institutions run on borrowing very small amounts to people and recycling that, so most of the time they cannot afford such advanced system at a high price. 

2.The next problem they face is the difficulty of operation. They might not be so well educated in the IT sector to operate any complex software or even software in English.

3.Such institutions find it problematic in terms of portability of the system as well as probable data loss.

4.Sometimes the software is not a full-fledged system rather they are charged differently for microfinance as well as office operations and others.

5.There are more unheard-of obstacles and most of all, microcredit institutions are not well aware of possibilities that exist for them in the ICT world for automated advancement.

Semicolon Microcredit Solutions

Semicolon IT Solutions, a software company located at Sheikh Hasina Software Technology Park, Jashore, Bangladesh offers various automated software solutions to fields like microcredit, school management, office ERP, govt. case management, govt. seeds management and the evergreen stock/inventory and POS systems. They also provide website and e-commerce development services, graphic design and digital marketing supports. Not to mention, we provide basic to advanced training in ICT to young generation.

What To Look For

To optimize microcredit operations and in a view to promoting them to the advanced IT world, we have thought of a wonderful idea. We have developed the Semicolon Microcredit Solution to diminish the obstacles mentioned above and facilitate these organizations in an automated mode.

1.Usually, microcredit software takes a lot of time and labor to prepare a full solution package, so the price is high. However, Semicolon IT Solutions has prepared this within a couple of months and with very limited labor. As a result, we can provide this solution very fast and of course at a price lower than the others.

2.Ours is a full-fledged solution that includes a complete microcredit system with proper accounting and banking modules along with a full-fledged office management system that includes employee management, payroll, etc. as well as proper accounting and report generation modules. So, to speak, Semicolon Microcredit Solution is a complete automated solution to any microcredit institution, small to large the scaling does not matter. In spite of such provision, our time taken for production is low and our cost of production is under our client’s grasp.

3.Our software is a modular one. We can set up this for multiple branches of the same institution and provide maintenance and control from a super admin dashboard.

4.Semicolon Microcredit Solution offers this automated solution online with the security of data. As being online and web-based, clients can access this from anywhere and anytime and with the help of any device that is connected to the internet.

5.Ours is a fast software that works without lag (internet connection speed is not our part). This can be run offline as well if the client desires. Semicolon Microcredit Solution is developed with modern technologies such as React JS for frontend, Node JS for backend as well as MongoDB for the database. Microcredit software developed with such modern technologies is a rare gem at this time.

6.This software is prepared from the scratch making it user-friendly, fully customized to client’s needs and we are very much capable of further customizing this if the necessity arises and customer demands.

Let’s overview the specialties of the Semicolon Microcredit Solution at a glance 

• Low cost
• Less manpower
• Fast delivery
• Ready product
• Fully customizable
• Modern Technology
• Fast operation
• Modular model

A full solution including microfinance system, office management, account, and report in one platform

• Can serve unlimited branch with a single super dashboard
• Device friendly; cross-platform performance
• Portability
• Data security
• User-friendly
• Multiple language support
• Possible to fully integrate client’s native language in total software
• Report generation, export to various formats, printable.

Major Modules

          Microcredit Management:

Customer Registration

Customer List

Pending RequestMicro Accounts:

Account opening request

All transactions

Microcredit accounts

         Deposit:

Generate deposit account

Collection/Withdraw

Profit distribution

Deposit clearing

Deposit statement

         Savings and Loans:

Generate savings account

Saving and loan collections

Withdraw

Loan disbursement

Loan accounts

Account statements

Cheque return

 Office management:

Employee registration

Employee list

Salary increment

Provident fund

Training

Generate pay slip

Pay roll

Assets and welfare fund

         Accounting:

Banking

Deposit and Withdraw

Receivable and payable

Transactions

Income and Expense report

And many more where these came from … We look forward to demonstrate our software in direct contact.

Semicolon IT Solutions

A rising software development company, Semicolon IT Solutions is a one-stop IT solutions company. It has been awarded ISO 9001:2015 certification for proving itself in the fields of IT-enabled services.

Contact us

Tel: +8801741223666

Email: info@semicolonit.com

Service hour

Monday9am - 6pmTuesday9am - 6pmWednesday9am - 6pmThursday9am - 6pmSaturday9am - 6pmSunday9am - 6pm