What are major regional differences, and their impact on MIS system requirements?
Regional differences arise from regulatory requirements, local customs, banking protocols, security situations, and MFI philosophies and organizational heritage. In South Asia, many programs focus on rural women in densely populated rural areas, just starting income-earning opportunities. In Latin America and East Africa, the focus of traditional microfinance is primarily on urban or near-urban entrepreneurs, mostly traders. In Latin America, with the longest tradition of commercially viable microfinance, many clients obtain services from regulated financial institutions. They, therefore, have more access to a broader range of services, including savings. Microfinance in Africa is more under-developed and faces higher operating costs than in other regions. Many organizations are financial cooperatives. At the product level, there are differences in interest rate calculation methodology, repayment schedules, delinquency flexibility, and types and calculation of fees. Differences also ar
Related Questions
- The MIS department is concerned about the impact of having a document management system installed. Are these concerns valid?
- Please give some examples of various MFI operating differences to better understand the scope of the system requirements?
- Did the American system offer good solution to regional differences?
