iTrends Software, a Nigerian software company based in Lagos, is accepting applications for free licenses to use its financial management program, iBanker, which will be made available to twelve Nigerian microfinance institutions. These microfinance institutions will not have to pay software license fees but will be responsible for training and implementation costs.
The standard software license fee for iBanker is NGN 2.65 million (USD 16,900). Training and implementation fees cost around NGN 570,000 (USD 3,640).
iTrends CEO Mark Melton, stated that he hopes that “the savings from this free license (will be used to) better service the poor, by offering affordable services such as low interest micro loans.” [1]
All Nigerian microfinance institutions are eligible to apply for this offer and can register their interest at iTrends’ website.
—
About iTrends Software: iTrends Software Limited is a Nigerian software company that provides microfinance banking solutions. Their flagship product, iBanker, was designed in-house to cater to the needs of Nigerian microfinance institutions. They also provide SMS (text messaging) and email notification add-ons for small and medium-scale enterprises. As of November 2011, iTrends operates offices in Lagos and Gombe. Information on iTrends’ customer base is unavailable.
Sources and Additional Resources:
[1] iTrends November 3, 2011. http://www.itrendsoftware.com/free
MicroCapital.org story, November 1, 2011, “MICROCAPITAL BRIEF: Standard Bank: Majority of Africans Lack Access to Microfinance, Other Financial Services,” https://www.microcapital.org/microcapital-brief-standard-bank-majority-of…
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/
Similar Posts:
- MICROCAPITAL BRIEF: Standard Life Organization Borrows $3m from Oikocredit to Invest in MSMEs, Education in Nigeria
- MICROFINANCE EVENT: 8th Annual Symposium of the Nigerian Microfinance Platform; June 20-21, 2023; Lagos, Nigeria
- MICROCAPITAL BRIEF: Bankingly, Woodcore Partner to Help FSPs in Africa to Offer Digital Financial Services
- MICROCAPITAL BRIEF: B2B Fintech Clowd9 Chooses Netcetera for Payments Security
- MICROCAPITAL BRIEF: Visa Everywhere Initiative 2023 Offering $500k for Fintech Innovation
