{"id":2810,"date":"2018-06-28T08:03:36","date_gmt":"2018-06-28T08:03:36","guid":{"rendered":"https:\/\/www.jisort.com\/?p=2810"},"modified":"2018-06-28T08:03:36","modified_gmt":"2018-06-28T08:03:36","slug":"microfinance-software","status":"publish","type":"post","link":"https:\/\/jisort.com\/blog\/microfinance-software\/","title":{"rendered":"Microfinance software"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-2811 aligncenter\" src=\"https:\/\/www.jisort.com\/wp-content\/uploads\/2018\/06\/startmobilelending-1-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" title=\"\"><\/p>\n<p>Jisort Microfinance Software has been recognized as one of the most innovative Microfinance Software globally here is why.<\/p>\n<p>Hundreds of Microfinance Institutions can attest to\u00a0that, this is their experience<\/p>\n<p><u>Features<\/u><\/p>\n<p><strong>Rich KYC Module<\/strong><\/p>\n<p>Jisort KYC allow capturing of all bio data, social data, economic data and other relevant data pertaining your customers<\/p>\n<ul>\n<li>Names<\/li>\n<li>Date of birth<\/li>\n<li>National ID\/Passport Number<\/li>\n<li>Next of Kin Details<\/li>\n<li>Residential Address<\/li>\n<li>Work Address<\/li>\n<li>Google Map Location<\/li>\n<li>Bank Details<\/li>\n<li>Income Levels<\/li>\n<li>Education levels<\/li>\n<li>Family Size<\/li>\n<li>Attachment of passport photos, scanned documents<\/li>\n<\/ul>\n<p>What makes Jisort KYC special?<\/p>\n<p>Upload Validation, Jisort AI checks and validates authenticity of uploaded documents.<\/p>\n<p>Personal data verification \u2013 Jisort AI verify personal data submitted including names as per government records.<\/p>\n<p>CRM integration \u2013 Jisort CRM allow easy onboarding of registered clients to existing products through conversion tools like email campaign, SMS campaigns among others<\/p>\n<p>Agency Model \u2013 Jisort supports agents and commissions system \u2013 this allow Microfinances to effectively engage agents for recruitment and onboarding services.<\/p>\n<p><strong>Comprehensive Loan Module<\/strong><\/p>\n<p>Jisort loan management system support dynamic loans. Main Loan type based on interest calculation model supported include:<\/p>\n<ul>\n<li>Reducing Balance<\/li>\n<li>Straight Line<\/li>\n<\/ul>\n<p>There are multiple variation of the two loan types.<\/p>\n<p>Jisort loan management system allow several loan amortization model including:<\/p>\n<ul>\n<li>Equal principle Amortization<\/li>\n<\/ul>\n<p>This is also called the declining installment amortizations<\/p>\n<ul>\n<li>Equal Installment Amortization<\/li>\n<\/ul>\n<p>This is also called increasing principle installment<\/p>\n<p>Jisort loan management allow several types of loan charges including:<\/p>\n<ul>\n<li>Loan Disbursement Charges \u2013 charged during loan disbursement<\/li>\n<li>Installment Charges \u2013 charged during loan installment payment<\/li>\n<\/ul>\n<p>Charges can be inform of<\/p>\n<ul>\n<li>Fixed amounts<\/li>\n<li>Percentage of amounts<\/li>\n<li>Variable amount based on range<\/li>\n<li>Combination of these options<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Effective Payments Module<\/strong><\/p>\n<p>Jisort allow receipt of payments from clients to their accounts through the Client Personal Account.<\/p>\n<p>Allow receipt of microfinance incomes<\/p>\n<p>Allow capture of microfinance expenses<\/p>\n<p>Payment module is integrated with mobile money and other payment gateway such as Mpesa, Airtel Money, Woza<\/p>\n<p><strong>Rich Reports and Analytics<\/strong><\/p>\n<p>Jisort has more than 200 comprehensive reports that are useful for Jisort users. Some of popular reports include:<\/p>\n<ul>\n<li>Loan Portfolio Report<\/li>\n<li>Portfolio at Risk<\/li>\n<li>Active loans<\/li>\n<li>Completed loans<\/li>\n<li>Reversed loans<\/li>\n<li>Defaulted Loans<\/li>\n<li>Savings Report<\/li>\n<li>Shares reports<\/li>\n<li>Asset register<\/li>\n<li>Dormant Members<\/li>\n<li>Trial Balance<\/li>\n<li>Cash flow statement<\/li>\n<li>Income statement \/ Profit and Loss Statement<\/li>\n<li>Balance sheet<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Dynamic Dashboard<\/strong><\/p>\n<p>Jisort has an interactive dashboard with personalized user experience.<\/p>\n<p>Every user on Jisort access Jisort that is relevant to their role. Loan officers get charts on Loans and Portfolio at Risk<\/p>\n<p>KYC officer dashboard is populated with charts on customer KYC data.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Alternative Banking Channels Supported<\/strong><\/p>\n<p>Jisort supports multiple alternative banking channels \u2013 ABC including:<\/p>\n<ul>\n<li>ATM<\/li>\n<li>POS<\/li>\n<li>Mobile App<\/li>\n<li>USSD<\/li>\n<\/ul>\n<p><strong>Microfinance customer\u2019s experience<\/strong><\/p>\n<p>Jisort provides one of the best customer experience for microfinance customers.<\/p>\n<p>Customers have the following channel to access their account on<\/p>\n<p>Web portal \/ Internet banking \u2013 customers are able to login to their account from the browser<\/p>\n<p>Mobile Banking \u2013 Customers can conveniently access their account from their smartphone app<\/p>\n<p>USSD \u2013 customers are able to access their account by dialing USSD code \u2013 thus convenience over any kind of phone.<\/p>\n<p>Short code \u2013 Short code on Jisort allow automatic but dynamic responses from system after sending shortcode to the system.<\/p>\n<p>Serves basic functionalities such<\/p>\n<ul>\n<li>Saving and Shares Account balance Inquiry<\/li>\n<li>Mini statement<\/li>\n<li>Loan Balances inquiry<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Add-on Module<\/strong><\/p>\n<p>There multiple add-on modules on Jisort. Some of the most popular add-on module include:<\/p>\n<p>HR\/Payroll \u2013 process salary and HR matter of your employees<\/p>\n<p>CRM \u2013 run successful SMS and Email campaign to your leads<\/p>\n<p>Asset Register \u2013 An important module that registers assets and keep track of depreciation among other service related costs.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Jisort Microfinance Software has been recognized as one of the most innovative Microfinance Software globally here is why. Hundreds of Microfinance Institutions can attest to\u00a0that, this is their experience Features Rich KYC Module Jisort KYC allow capturing of all bio data, social data, economic data and other relevant data pertaining your customers Names Date [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[57],"tags":[136,51,49,98,137,59,65],"class_list":["post-2810","post","type-post","status-publish","format-standard","hentry","category-general","tag-loan-management-system","tag-loan-software","tag-loan-system","tag-microfinance-erp","tag-microfinance-information-system","tag-microfinance-software","tag-microfinance-system"],"blocksy_meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/posts\/2810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/comments?post=2810"}],"version-history":[{"count":0,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/posts\/2810\/revisions"}],"wp:attachment":[{"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/media?parent=2810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/categories?post=2810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/tags?post=2810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}