The Open micro System has a simple and clear user interface, with best-practice workflow taking you through all core processes, and relevant data always at your fingertips.
The Open micro System offers full and flexible loan and savings modules. You have the freedom to extensively Open micro products, tweaking features such as the loan term, repayment frequency, interest rate, interest calculation method, grace periods, charges and more. All products are fully integrated with accounting, but you can easily set up specific accounting rules for different products if required. The processes around disbursing loans or activating savings follow best practice microfinance processes, requiring maker- checker principals at all times, while remaining intuitive and easy to use. You can capture collateral items linked to a loan, and add loan guarantors.