While a few MFIs are making good use of technology, the majority are facing difficulties in getting the right solution. Reasons for this include:

-Insufficient organizational and human capacity

-Unavailability of suitable MIS applications for microfinance

-Diversity in business processes and frequent changes in procedures

-Risk of failure of the MIS

-Diversity of geography and language

-Unavailability of vendors and their capacity to implement and support IT solutions

-High cost of IT solutions for MFIs

-Lack of commitment of management and key decision-makers within an MFI

-Lack of awareness about the importance of IT

The back-office MIS is the backbone of any Information System solution and yet it has not received much attention. MFIs, whether large or small, need to have a strong back-office MIS before attempting to deploy any advanced front-end applications or delivery channels. These would be worthless without having a strong and flexible back-office MIS in place.

Microfinance

Microfinance


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Microfinance

Microfinance


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Microfinance

Microfinance


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Microfinance

Microfinance


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Microfinance

Microfinance


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Microfinance

Microfinance


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