Overview

Solution of Micro finances is a SAAS based financial platform specialized in micro-credit evaluation. It is built to help micro and small businesses with improving productivity and reducing risk rates. This solution helps in evaluating loans for micro and small businesses using INDE [1] methodology, which has a proven risk rate of less than 3%.

This solution uses artificial intelligence models to evaluate customers and allow easy integrations with third-party tools and core systems. The solution is highly customizable with scalable modules. This solution contains different modules, each of them is designed to carry out specific functionalities like credit approval, work-flow management, customer pre-evaluation, risk assessment, and reporting.

Features

Dynamic Forms

This module is a kind of form builder based on JSON and is built as the core functionality of the system. The system is designed in a manner that allows creating dynamic forms as per the need of the evolution process. Some of the main features of dynamic forms are:

  • Easy configuration.
  • Apply custom theme.
  • The structure of forms can be changed by admin/system admin with few modifications in JSON.

Evaluation Process

The complete evaluation process is divided into multiple stages, depending upon the groups of users involved in the system. 

  • Initially, the executive starts the evaluation process by creating a client in the system through the mobile application or the web platform. The executive fills a set of forms which are then interviewed automatically and moved to the next stage.
  • The system sends the notification when the evaluation is moved to the next stage.
  • After this, a specific group of users review the evaluation across different stages and take decisions accordingly.

Reports/Chart Module

The system generates several reports throughout the process indicating the credits of clients and this module is developed to represent these reports in the form of different types of graphs and charts. These graphs and charts represent:

  • The percentage of credits for a specific month that pays the credits on or before the deadline.
  • The percentage of credits for a specific month that pays the credits before the deadline.
  • The percentage of credits for a specific month that pays the credits on the deadline.

User Configuration

The system allows admin to add, delete and manage users and define the new roles.
The system allows admin to set the credit.

Technologies