Explora microfinance is excellent package which enables any microfinance to achieve all its operation digital, giving you tremendously financial reports with easy.
Explora microfinance can work well on:-
-Microfinance institutions and firm of any size
-vikoba and any group focused performing such roles
in microfinance, explora helps in creating borrowers list, as main core of microfinance, explora enables operator to create loan (loan application) for particular borrower, through approval process selected by client, such loan application will pass to all process before being ready for final process and loan schedule printing.
After loan creation other process will follow, such as loan repayment in loan specified dates.
The system contains fantastic report which will give operator simplicity she/he needs. Microfinance reports includes not limited to:-
– loans repayments expected
– pending loans repayment
– total collection
– active loans summary
– aging reports
– borrower loan summary
– portfolio report
However, microfinance module can be integrated with main explora erp as to obtain other modules such as accounting package, payroll and others. This will give our client access to all financial reports including but not limited to balance sheet, statement of profit or loss, cash flow, trial balance and many more.
FOR SACCOSS AND OTHER OF THE SAME NATURE INSTITUTIONS.
as for all other institutions which work in similar mode as saccoss, explora work the same as for microfinance except for these category there is additional of maintaining of akiba/saving, hisa/shares, amana/deposit and other collection as per client needs.
So as to say, with explora you will be enabled to track all member contributions with easy.
Additionally you will get all members reports, such as total contributions for each member.
However as for all category, explora enables easy tracking, handling and alerting of fines and penalties of any type.