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	<title>Ramanmachiraju&#039;s Blog</title>
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		<title>MIS solutions for Microfinance Institutions</title>
		<link>http://ramanmachiraju.wordpress.com/2009/06/25/mis-solutions-for-microfinance-institutions/</link>
		<comments>http://ramanmachiraju.wordpress.com/2009/06/25/mis-solutions-for-microfinance-institutions/#comments</comments>
		<pubDate>Thu, 25 Jun 2009 13:47:42 +0000</pubDate>
		<dc:creator>ramanmachiraju</dc:creator>
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		<description><![CDATA[Microfinance Institutions are growing very rapidly in their size and spread in the recent past. The growth is also encouraged by the participation of many Nationalised Banks and Venture capital firms.  This is certainly a welcome sign. But it is surprising to find many MFIs are still dependent on the excel based solutions or locally [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=ramanmachiraju.wordpress.com&amp;blog=8322405&amp;post=3&amp;subd=ramanmachiraju&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Microfinance Institutions are growing very rapidly in their size and spread in the recent past. The growth is also encouraged by the participation of many Nationalised Banks and Venture capital firms.  This is certainly a welcome sign. But it is surprising to find many MFIs are still dependent on the excel based solutions or locally developed solutions. The need to bring out a stabilised and tailor made MIS solutions are very much essential for the growth of MFIs in the world.</p>
<p>CGAP and Microfinancegateway have provided many suggestions as to how they should choose technical solutions for their use but surprisingly MFIs are found  experimenting on the solutions and finally when they fail to produce their MIS reports blame the IT vendors and continue hinder their growth. This is often seen in the market. Today Techology and expertise is readily available  but the committment and seriousness from the MFIs is missing to pay for what they desire. We have fully stabilised solutions with complete options for PDA, Biometric authentications, Mobile technologies or Multilingual solutions. Right choices are available within the reach now&#8230;</p>
<p>Secondly the role of responsible IT Vendors in terms of Providing the right solutions and ensuring complete training and orientation of  the software solutions is also very essential. The need for complete orientation on IT skill development and training for the MFI staff  or  local youth is becoming a crucial issue. MF industry must come forward to take the services offered by vendors who are ready to provide such trainings and also good solutions to appreciate the benefit they can derive when a good software solution is in place.</p>
<p>I appreciate if the  Banks / funding agencies or Venture capital firms could come forward to support this and help in the development of a good solution addressing all the major issues concerning MF requirements.</p>
<p><strong><em> </em></strong></p>
<p><strong><em> </em></strong></p>
<p><strong><em>MICROFINANCER &#8211; A One Stop Solution for MIS &#8211; contact : <a href="mailto:hyderabad@elitser.com">hyderabad@elitser.com</a></em></strong></p>
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		<title>Hello world!</title>
		<link>http://ramanmachiraju.wordpress.com/2009/06/25/hello-world/</link>
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		<pubDate>Thu, 25 Jun 2009 13:14:13 +0000</pubDate>
		<dc:creator>ramanmachiraju</dc:creator>
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			<content:encoded><![CDATA[<p>Welcome to <a href="http://wordpress.com/">WordPress.com</a>. This is your first post. Edit or delete it and start blogging!</p>
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