Integrating MIS with Microfinance

Some of the challenges faced by Microfinance Institutions (MFIs) in India have revolved around the issues of a lack of trained labor for local level administration, resource mobilization and the cost of services. One way to tackle these problems is through the use of Management Information Systems (MIS) and this is being demonstrated by Equitas, an Indian MFI.

TC-I had previously featured an interview with the founder of Equitas and they were recently featured as a leader in implementing information systems in microfinance, by Greg Chen of CGAP. Some examples of technology being used by Equitas are,

E-Docs. Membership and loan applications are completed manually by branches but are couriered to a central processing center. The documents are then scanned and from there on out, remain paperless. Forms use a series of check boxes which can be read by scanners and coded automatically.  Remaining manual entries (e.g. names) are entered by a dedicated back office processing unit.

Real Time Meeting Monitoring. Within 15 minutes of the end of a group meeting, loan officers send a text message (SMS) by cell phone with three pieces of information: meeting attendance, loan collections, and when the meeting ended.  This information is picked up by Equitas’s system which then compares it with what is expected, and creates a branch-by-branch report.

Equitas also uses SMS to gather real time information on cash management and Optical Readers for back-office operations.  The Equitas model shows the need for MFIs to focus not just on innovation in the lending model, but also on driving efficiency through various stages of the loan process. MIS has played an important role in the growth of traditional financial institutions over the past few decades and there is no reason it should not do the same for MFIs.

The complete article by Greg Chen can be found here.

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[TC-I Call to Action]: MBAs Without Borders opportunity with water purification project

MBAs Without Borders is looking for a Business Development Associate for a 6 month position in Ahmedabad, India.  The project is with the Environmental Planning Group Limited (EPGL).

The Environment Planning Group Limited (EPGL) is a socially minded for-profit company incorporated in Ahmadabad, India. EPGL’s vision is to manufacture, install and operate 3,000 Reverse Osmosis (RO) water purification systems in rural and urban India over the next five years to provide pure, low salt, soft, micro-organism-free, safe drinking water to over five million people at an average consumer price of US $0.004 per liter or US $0.25 per person per month.

The position focuses on financial reporting and analysis.  Applications are due by April 15, 2009, so be sure to review the details here and apply directly from the MBAs Without Borders website.

Sanitation innovator wins Stockholm Water Prize

Sulabh‘s founder, Dr Bindeshwar Pathak, was recently named the 2009 Stockholm Water Prize Laureate.  Sulabh has been working for decades to address sanitation, health, and hygiene in India and other countries.  Through inventive toilet designs, new biogas technologies, and his struggle for human rights, especially for those of the “untouchable” caste, Dr Pathak is recognized worldwide as an innovator and social reformer. A Business Standard article explains further:

The social reformer, who triggered the revolution against ‘sanitation crisis’, has been the main force behind changing social attitudes towards traditional unsanitary latrine practices in slums, rural villages and dense urban districts, and developed cost-effective toilet systems that have improved daily life and health for millions of people.

Dr Pathak will receive the award in Stockholm during World Water Week in August.

[TC-I Call to Action]: Yale Global Social Entrepreneurship Course

[Via Ajaita Shah]: Yale is working to identify social entrepreneurs working in the public, private and NGO sectors in India and invites them to participate in a Fall 2009 program on Global Social Entrepreneurship at Yale.

A core goal of the program is to link teams of Yale students with mission-driven social entrepreneurs in India over a four-month long course designed to bring the students and social entrepreneurs together to develop a business plan which addresses a specific management challenge the social enterprise is facing.  Key attributes for the course commencing in the Fall of 2009 are:

–         Five teams of 4 to 6 students each will be dedicated to working with a different social enterprise on a project vital to its continued organizational development;

–         The selected social entrepreneurs will visit the Yale campus for an intensive week of faculty and student interaction specific to their challenge;

–         Student team members will visit India to get a more practical view of the challenge and to meet with (or present recommendations to) each social enterprise’s management, staff and trustees;

–         A two-day conference will be held in India at which students, faculty, Yale alumni, each social enterprise’s representatives, and invited guests will hear and discuss the plans and explore issues of broader import to social entrepreneurs.

They are actively seeking, and accepting applications from, social enterprises in India interested in collaborating with them in next Fall’s course.  A one-page description of the program and an application form (due no later than April 10, 2009) are here and here.

Article on Atlas Corps and Deadline for Fellows April 1st

Here is an excerpt from a Washington Post article on Scott Beale and the Atlas Corps, an organization we have written on numerous times in the past:

His creation is Atlas Corps, which lures highly-skilled non-profit decision-makers from India and Colombia to the United States for a year, running Sept. 1 to Aug. 30.

He concentrates on India and Colombia because he speaks the languages and because they have highly-developed non-profit sectors. They also have a high opinion of the United States, Beale said.

To join this program, go here before April 1st, which is when the applications are due.

E4SI selects 24 fellows to help change India

Here is an update on a great fellowship founded by one of our colleagues Nitin Rao.

The Engineers for Social Impact (E4SI) Fellowship Selection Committee is delighted to announce that, after receiving and carefully reviewing the close to 500 internship applications it received for its 2009 edition, it has made offers to 24 outstanding candidates for 14 roles at 10 partner social enterprises that focus on development by means of sustainable for-profit entrepreneurship.

You can read further here.

[TC-I Call to Action]: Ennovent looking to fill Investment Manager position

Here is an opportunity for an experienced finance professional.

Job Profile

Title

Investment Manager

Job Objective

To develop and manage the investment portfolio of ennovent in India and Asia

Start Date

As soon as possible

Location

India – frequent travel in India and Asia

Reporting Relationship

Position reports to Managing Director

More information can be found here and general information on Ennovent can be found here.