User training – Getting started with Mifos X

Wednesday, March 11 • 14:30 - 16:00

AGENDA

Overview of Mifos X

Configuring an Organization

Branches / Officers Staff Dropdown values Data tables Global Configurations Roles and Permissions

Client management

Capturing additional information Documents for KYC

Mifos X Overview

Mifos X is the next generation of Mifos, which is lead by Mifos Initative. Redesigned and built around an API-centric, cloud-based software architecture, the Mifos X Platform is a modern, solving the challenges of core banking systems that are too expensive, too complicated or that have no local support.

Mifos X can be deployed in any environment: cloud or on-premise, on or offline, mobile or PC; it’s extensible enough to support any organizational type or delivery channel, and flexible enough to support any product, service, or methodology. For any organization, big or small, it will provide client data management, loan and savings portfolio management, integrated real time accounting and social and financial reporting needed to bring digital financial services in a modern connected world.  The platform is completely open via the Mozilla Public License 2.0.

Mifos X overview

Mifos X overview cont..

Client Management • Unlimited Individual

Patrons (Members)• Unlimited Group

Patrons• Patron Approval

Process• Patron Closure &

Blacklists• Branch Management• Center Management• Duplicate Patron

Verification• New Patron Approval

Process• Document

Attachement (photos, applications. ID)

• Multi Language• Multi Currency

Financial Services Product Management• Savings (share)

Accounts• Current

(checking/share draft) Accounts

• Term Deposit Accounts• Collateral Loans• Savings Secured

Loans• Agriculture Loans• Open End/Top Up/Line

of Credit Loans• Incremental

Disbursement Loans• Village/Group Lending• Solidarity Group

Lending• Loan Approval Process

Mobile Delivery and Transaction Management• Mobile Field

Operations Via Tablet or Smartphone

• Transaction Network Interface

• Store and Forward Capability

• Email Support• Bulk Loan Assignment• Bulk Collections

Assignment• Open API For Easy

Customization

Business Management• Chart of Accounts

Management• Accrual Accounting• Statement Generation• Cash Management• Social Performance

Tracking• Customizable User

Permissions• Customizable Fields• Detailed Audit Trail• Profit & Loss

Statement• Trial Balance• Book Closures

Currency configuration Mifos X supports multiple currencies which can be applied to various products.Admin>>Organisation>>Currency Configuration>>Add “Currency name”>>Submit

Offices By default Head office (Edited) will be the Top Office (Parent) under which other offices (Sub offices) can be defined, depending upon the organisation structure.Admin>>Organisation>> Manage Offices >>Create New Office & select parent office>>Submit

Role Input the Role name, with the description. User>>Add Role>> Input Role name >> Input Description >> save.

PermissionOnce the Role is created, click on the edit button in permission page and grant the permissions.User>> View Role (on created) >> Permissions – Check the desired Check boxes to grant the permissions >> save.

Mifos Usage - Configuring an Organization

UserA User is to authorize the person with respect to the assigned Roles & granting with those specified permissions to carry out the Mifos X activities. Auto Generates password and sends automatically to the provided email or Password can be entered manually. User>>Add User>>Input User Name >> Input First name >> Input Last name >> Input Email ID >> Check the check box if to Auto Generate Password to provided Email ID otherwise to manually create password >> Select the Office >> Select Role from “Add available roles” >>Save.

Employees Employee are the staffs of the organisation, which can be added by selecting their associated office & entering the employee details. If the provided Employee is Loan officer then should check the check box. If the Loan officer is under Head Office then he can be associated to sub offices as well. Admin>>Organization>>Manage Employees>>Create Employee>>Submit

Global Configuration Enabling & Disabling can be done for maker checker, amazon s3, Holiday repayment.Admin>>System>>Configuration

Mifos Usage - Configuring an Organization

Funds Funds are the source of Money, which can be utilized while applying to the Products. Meaning suppose if there are various funds available in the organisation and these funds should be utilized for a particular product. For example, Fund A should be used for loan products and Fund B should be utilized for savings products. Admin>>Organisation>> Manage Funds>> Add New Fund

Holidays This will provide how to manage and deal with repayments that fall on Holidays. These repayments can be rescheduled to the desired date. If the Holidays is applied to the parent office, it will be automatically applicable to the sub office as well or If only office is selected for the holiday it will be applicable to that particular holiday. Admin>>Organisation>>Manage Holidays>> Create Holiday>> Submits

Mifos Usage - Configuring an Organization

Codes Codes is used to define the drop down fields and it's dropdown values. Admin>>System>>Manage CodesSystem defined: By selecting available codes and Adding code valuesEx 1: Payment Type >> Name: Cash, Position: 1; Name: Cheque, Position: 2; Ex 2: Loan Collateral >> Name: Gold, Position: 1; Name: Property, Position: 2 Ex 3: Gender >> Name: Male, Position: 1; Name: Female, Position: 2 Manually defined : By Adding Code & then Adding Code valuesEx 4: Dependence detail>> Name: Spouse, Position: 1; Name: Parents, Position: 2; Name: Children, Position: 3;

Data table Data tables enables to capture the additional details of clients/ Group/ Center/ Loan/ Office/ Savings account.Admin>>System>>Manage DatatablesCreating the data table Ex: Name: Client Gender, Select Application table name: Client Field 1 >> Gender; Type – dropdown, (If the Type is dropdown has to select the code)Selecting Code, from code Ex 3: Name: Gender

Mifos Usage - Configuring an Organization

Creating ClientClient can be created by activating or submitting for approval. Clients>>Clients>>Create Client

A client can be created by capturing the basic information through the provided fields. It also has features like :- Capturing Signature, Photo, KYC documents, Additional information through data tables.,etc

GroupGroups can be created by selecting available clients to be a member of the group or it can be created without any members. Created groups can be able to Associate members with existing clients and it can be able to add clients also. Supports Group Loan, Group Savings, JLG Loan. Clients>>Groups>>Create Groups

CentersCenters can be created by selecting Groups, and to which this Center belongs to.Clients>>Centers>>Create Centers

Mifos Usage – Client Management

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