Musoni system Overview

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Information about Musoni system Overview

Published on March 13, 2014

Author: CameronGoldieScot



An overview of the key features and benefits of Musoni's best-practice, cloud based micro finance system.

Musoni System Next Generation Microfinance Next Generation Microfinance Technology

2 Musoni Services licenses its award winning technology to MFIs and SACCOs looking improve the efficiency and reduce the cost of microfinance

3 Background  to  Musoni  Services Sept 2009 Established the first 100% mobile microfinance institution in the world, Musoni Kenya July 2011 Won the award for ‘most innovative use of technology’ at the Global Microfinance Awards Oct 2011 Launch of an SMS module enabling the automatic sending of personalised payment reminders Oct 2012 Launch of the Musoni  App  enabling field based data capture Dec 2012 Over 35,000 loans and $10m disbursed through the Musoni IT Platform since launch Feb 2013 500,000 M-PESA transactions seamlessly processed with 99% automatic allocation May 2013 Relaunch of the Musoni System July 2014 Five Musoni System partners

4 Musoni  Services  Team CEO Cameron Goldie-Scot CFO Andrew Taylor Senior Account Manager Maurice Francke Director Bart van Eyk Developer Andy Dzakpasu CTO Sander van der Heyden Over 40 years banking and microfinance experience Over 25 years East Africa experience Over 15 years IT & Mobile Money experience Experience running the first mobile microfinance projects in the world Developer Raoul Cieyou Developer Emmanuel Nnaa

5 Introduc9on  to  the  Musoni  System Microfinance best practice Client and group management Loan and savings functionality Integrated accounting Integration with M-PESA High quality reports Extensive user customisation

User friendly client and account management Add photos, scanned documents or user notes to clients 6 Client  &  Group  Management Individual and Group client methodologies Workflows built upon microfinance best practices Maker/Checker principles in place

7 Loans  and  Savings User friendly repayment schedules Capture collateral items and loan guarantors Disburse via cash, cheque or M-PESA Additional disbursement channels under development

8 High  Quality  Reports Specific reports designed for all levels of your organisation Detailed PAR Ageing Reports All exportable in multiple formats

9 Integrated  Accoun9ng Cash based (accruals under development) Advanced portfolio accounting Easy setup and management of GLs Create manual journal entries

10 Full  Financial  Reports Core financial reports fully integrated

Musoni enables clients to repay and receive their loans through mobile money

12 Cash  based  microfinance mobile  microfinance Group meetings spent counting cash Shorter group meetings enabling improved loan officer to client ratios Large numbers of data entry staff required to enter repayments Repayments made via mobile money and automatically processed Manual entry of repayments leads to risk of fraud or manual errors Electronic audit trail of all transactions Repayments linked to specific group meeting times Repayments can be made anytime, from anywhere (over 50% transactions made outside banking hours) Long periods between loan application and disbursement Loan typically disbursed on the same day Clients spend time queuing at banks to deposit / receive funds No more queues High branch costs due to banking halls, tellers and cash storage Cash free, low-cost branches

13 Services  and  Support Musoni System Hosted in an ISO27001 certified data centre State of the art hardware firewalls and antivirus software Secure HTTPS connections using SSL certificates Guaranteed uptime of 99.5% Daily backups stored in a separate location Continuous support over email, Skype and phone High quality training Ongoing development including SMS module, PPI, integration with other MNOs and tablet app all coming soon

14 Trac9on Musoni System launched May 2013 5 Musoni System partners 6 MFIs (inc. Musoni Kenya) served by Musoni Services 30,000 end clients served $5m outstanding portfolio managed by Musoni Services

15 Client  Tes9monials “The Musoni System is safer, more accurate and reduces the need for paperwork” Mama Bahati Foundation,Tanzania “You guys are a pleasure to work with. Incredibly responsive, your support is excellent.” Five Talents, East Africa “Musoni dramatically improved the way we track customer profiles and repayments.” Tugende, Uganda “The system is fantastic in terms of real time reporting, user friendliness and security.The people behind the system are a wonderful team.” Neema HEEP, Kenya

16 Advantages  of  the  Musoni  System Cloud  Based Low  cost Award  winning Integra9on  with  mobile  money Microfinance  best  prac9ce Con9nuous  Development All  you  need  to  access  the  system  is  a  reliable   internet  connec9on  and  a  modern  web  browser Our  extensive  experience  of  microfinance   opera9ons  is  fed  into  all  workflows  and  features Winner  of  the  “Most  innova9ve  use  of  technology”  in   the  2011  Global  Microfinance  Achievement  Awards Flexible  and  affordable  pricing  structure  enabling   MFIs  to  benefit  regardless  of  their  size Enabling  clients  to  repay  their  loans  and  deposit   their  savings  over  their  mobile  phones New  features  added  every  two  weeks  in  line  with   client  feedback  and  market  developments

17 Contact  Details   Cameron  Goldie-­‐Scot   Skype:  camzungu

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