Microfinance
In line with the UNITED NATIONS "Millennium Project" and Government of India's vision of promoting growth and development in the rural areas, the Banks/MFIs/NGOs attend the needs of the likert inferior society. Currently 50-80 million people across the world have access to the benefits of microfinance programs. The World Bank estimates that the number could reach more than 500 million people, if the microfinance industry can overcome barriers to growth, especially poor infrastructure, limited access to funding and operational inefficiencies. With the quantum of growth opporuntities promoted, it is expected to make a impact on the Indian Economic scene and C2IL plunges itself in providing apt technology solution for an effective MIS.
Information Technology has played a key role in enabling and supporting banking sector's business initiatives and service delivery and brought about a sea-change in its approach and attitude to challenges. The vast yet unbanked masses of the country spell the increased need for a cost effective and practical Information Technology solution that can support the Banks/MFIs/NGOs for their current business operations in the areas of Financial Inclusion and Microfinance and also to position them for future growth and expansion.
Coromandel Infotech, as a System Integrator, shall provide an end-to-end 'turnkey' solution to the Banks/MFIs/NGOs aiming to service the under-privileged and banking the unbanked. The scope for service from C2IL shall include architecting, designing, supply, delivery, implementation, testing and commissioning of IT hardware, software and services.
SInformation technology can be a strategic tool for implementing the Microfinance and Door-step Banking concepts. It can:
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Using the State of Art technology and our expertise in Banking and Microfinance Domains, our SMART CONNECT solution is a one-stop solution designed to address the issues of efficiency, scalability and other concerns faced by the banks and MFIs working towards the goal of sustainable development in rural areas, livelihood creation and an overall inclusiveness.
Our Solution, Smart Connect, offers a perfect IT solution for door-step banking initiated through the process of Financial Inclusion. Smart Connect accelerates the efficiency of the Financial Institutions in catering to the un-banked sector by providing a mobile and secure solution. Read more
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