MFI Expert helps Hire Purchase Microfinance Institutions to improve the effeciency by effectively tracking collaterals, providing you with in-depth Expossure Analsis on Clients.

Hire Purchase Microfinance Institutions

MFI Expert helps Hire Purchase Microfinance Institutions succeed in their digital transformation, increase outreach and improve portfolio quality. With our solutions MFIs are able to digitize operations and achieve operational efficiency, improve data quality and speed, scale with quick to market solutions, compete through new products and better service and ease transformation to full banking services.

Hire Purchase Microfinance Challenges

Ellaborate Documentation

Hire purchase Microfinance Institutions have ellaborate documentation requirement. For each loan number of legal documents are prepared and that is prone to mistakes

Limited Insight into Expossures

Hire Purchase Microfinance Institutions lend to Individuals and Group of Companies with shared ownership, this increases the risk of Expossure to defaults. Intime discovery of such is crucial

Diverse
Payment models

Hire Purchase Microfinance Institutions offers flexible payment plans, are faced with continous Bounced Cheques and makes monitoring a tedeous task. Can also leads to wrong Estimation of PAR.