At present, various Microfinance Institutions agree to the notion that offering of Digital Financial Services is highly convenient, efficient, and the way forward. ‘arttha”s Micro Finance Platform with a multi tenant and modular architecture provides a cost-effective solution for digitizing the microfinance operations as compared to the traditional model for delivering Microfinance Services.
‘arttha’ empowers the MFIs and NBFCs to amplify their product offerings and enhance the clientele base with micro finance products beyond conventional micro loans by providing other financial products like group savings, individual savings etc. via its unified platform. The tried and tested solution, with configurable loan types, loans for groups and individuals, multiple repayment modes, configurable interest and charges, configurable fee, support for moratorium, configurable workflows, collateral management, alerts and notifications etc. The platform offers flexibility and configurability by allowing creation of different models of MFI’s via grouping and categorization of members at different levels viz. Organization, Center, Group etc. to cater to the regional requirements.
‘arttha’ uses the modern practices & technology, which allows a rapid as well as flexible deployment of the business services.