MFI Intermediaries Model, Peer pressure Model, Small Business, Village Banking

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DIGITALMICROFINANCE
www.websoftex.com
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DIGI MICRO FIN

• Digital technology has the potential to assist
  microfinance institutes become simpler and
  economical.
• In todays digital world, carrying a portable
  computer within the field has become a passé, and
  the in-thing is to hold no matter you wish in
  your mobile.

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DIGI MICRO FIN

• There are mobile apps which will facilitate loan
  officers of those corporations operating within
  the field maintain their knowledge and facilitate
  them operate expeditiously.

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DIGI MICRO FIN

• Microfinance corporations play a large role in
  funding wants of the low-income population, World
  Health Organization do not have access to the
  banking services.

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DIGI MICRO FIN

• By their terribly definition, these corporations
  target the purchasers at the small level.
• This affiliation is not faceless however,
  because it is within the banking sector wherever
  there is typically a pre-decided list of
  documents needed for process any application.

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DIGI MICRO FIN

• You approach the loan officer, submit the
  specified documents associated with your paying
  skills and therefore the loan desires.
• The system feeds your details into a package
  module that decides whether you are a secure
  receiver or not and comes out with a credit score
  to assess the danger concerned in bank extending
  credit to you.

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DIGI MICRO FIN

• The reimbursement of the loan is additionally
  additional or less automatic and each month, a
  hard and fast quantity goes out of your checking
  account towards reimbursement of the loan.

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DIGI MICRO FIN

• In a microfinance establishment, this interaction
  is at a personal level.
• the choice to sanction the loan depends on plenty
  of things that usually not clearly outlined or
  articulated by the pinnacle offices as a result
  of ground realities at the agricultural level
  among the low-income cluster immensely totally
  different from the state of affairs of a typical
  small income receiver from a daily banking
  establishment.

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DIGI MICRO FIN

• The loan officers usually ought to produce AN
  emotional reference to their borrowers before
  loan reaching maturity, as a result of they get
  to grasp concerning borrowers personal life also
  as family and that they conjointly demonstrate
  fondness in several ways that as a region of
  their strategy to come up with pressure or
  facilitate recovery.

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