Vuma Microfinance Management System

vuma Microfinance Management System

VUMA MICROFINANCE SOFTWARE FEATURES

Vuma Microfinance Management System was designed to work in small single branch microfinance institutions. Typically, customers will have to buy shares to become members of the society. These members will then hold both a savings and a loans account with the financial institution.

Intuitive & User-Friendly:

Most functions can be done in one or two clicks. The system has a simple and clear user interface, with best-practice workflows taking you through all core processes, and relevant data always at your fingertips.

Customer management:

The system enables the capture of personal information, unique identifiers, next of kin details, business information and much more. You can upload scanned photos or documents to a client’s account. You can also add your own custom fields.

Share account management:

Savings account management

Loan management:

This system has flexible loan and savings module which you can adjust or customize to suit your microfinance needs. Manageable fields include loan term, interest rate, repayment schedule, interest calculation method, charges and many other options. Loan approval process follows best microfinance standards

Reports:

View and export high quality reports. Reports include borrower numbers, loan portfolio, arrears reports, savings reports, expected vs actual payments, collection sheets, provisioning and many more

Accounting:

You can configure your chart of accounts with GL codes and link them to loan or savings products and many other applicable areas. Some journal entries are automatic like loan disbursements while some can be added manually. You can find various accounting reports like trial balance, balance sheet and profit and loss accounts.

Employee management:

Manage users with ease. Set permissions for each staff role and control what pages they can see. You can also set payroll for your staff. See audit trail to check what your staff has been doing.