Mifos X: Do More With Technology
Mifos X: Do More With Technology
Objective
Flexibly manage portfolio, efficiently process transactions, and generate
timely and accurate reports
Where we’re from…
Need for keeping books of records
Exercisebooks
Ledger books/receipt books/guarantor register/cash book
Ms Excel spreadsheet
Mifos
Modules
Mifos is a modular system: 1. Self service module
1. Client module
2. Savings module 2. CRM
3. Loan module 3. DMS
4. Accounting module 4. APIs
5. Reporting module 5. System administration
Features
Client Module Savings Module
KYC Deposit
Individual/corporate Withdrawals
Membership cards Account freeze
Sub status Transfer funds
Transfer client Standing instructions
Features
Default management
Loan Module
Application/ Approval/ Disburse Accounting Module
Repayment schedule Chart of accounts
Guarantor management Journal entries
Account statement Accounting period closures
Refinance/ Restructuring
Features
Self Service Module
Mobile app CRM Module
USSD Communication module
Members’ online portal SMS notifications
Field officers Event based sms
Bulk sms
Features
DMS Module APIs
Document management Application Programming
Upload of documents Interface
Clientdocuments Integration to third party service
Loan documents providers
Mpesa
SMS
Extension of Mifos functions
Informative dashboard
Features
System Admin Module
Manage user
Manage offices
Audit trails
Define roles and permissions
Maker/Checker configuration
Define products
Maker Checker Workflow
Principles of authorization in information systems of financial organizations
For a transaction, there must be at least two individuals necessary for its
completion
Based on roles and permissions as per JD