Warangal-based Dharani introduces PDAs for microfinance transactions

Dharani Mahila Macs has introduced PDAs for its microfinance operations.

By Naagesh Naaraayana

Microfinance Focus, Sept. 8, 2009: Dharani Mahila Macs, a microfinance institution in Andhra Pradesh, has decided to introduce first Personal Digital Assistant (PDA)-based Management Information and Credit Monitoring System with technology back up by Hyderabad-based Elitser IT Solutions.

The PDA, a hand-held device, will help to carry information, make collections and issue receipts instantly to the clients. The collected data is stored and updated to the computer at the headquarters.

Based in Bachannapet, Warangal District, Dharani Mahila Macs has 3 branches and around 7,000 members. Using a tailor-made solution for member-lending methodology, the technology can integrate PDAs, biometric solutions and smart cards for enabling ease in managing field operations typical to microfinance organisations, said a statement. The software solution also supports mobile phone based technologies and is available with multilingual facility.
Equipped with features like automated SMS alerts, e-mails to clients, mail-merge facility for sending letters to clients, facility to track, scan and store documents, the product also features Financial Accounting and Management Information systems to serve any microfinance institution irrespective of its lending model, said the statement, highlighting further that the savings module covers all types of thrift activities pertaining to microfinance.
The software enables financial accounting reports, comparative financial statements, member-related reports, operating reports, management reports, funder reports, field officer-wise reports and other miscellaneous data that is required by all stakeholders in microfinance operations, said the statement.
The inauguration was attended by the Deccan Development NGOs Network consisting of eight institutions of which Dharani Mahila Macs is a member. Raman V. Machiraju, Vice President (Marketing) of the Elitser team, explained the features of the software integration to the participating institutions.

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