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 software system 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 microfinance products beyond conventional microloans by providing other financial products like group savings, individual savings etc. via its unified platform. The tried and tested loan management solution, with configurable loan types, loans for groups and individuals, multiple repayment modes, configurable interest and charges, configurable fee, support for a moratorium, configurable workflows, collateral management, alerts, and notifications etc. The platform offers flexibility and configuration by allowing the 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 modern practices & technology, which allows a rapid as well as the flexible deployment of the business services.