Aspekt, a Macedonia-based information and computer technology company, recently signed a deal to provide their microfinance portfolio management software tool, “Microfinance Software Solution,” to Credit Plus, a Georgia-based microfinance institution (MFI). The terms of the deal have not been disclosed.
Aspekt’s microfinance portfolio management product provides MFIs with features to track: individual and group lending, savings, deposits, social performance metrics, purchases, payments, sales, collections, human resources, payroll and credit scoring.
Credit Plus was founded in 2009 and has eight offices in Georgia through which it offers microfinance loans collateralized by real estate and gold. The company does not report to the US-based nonprofit Microfinance Information Exchange (MIX), and financial data on the firm are not otherwise available. Likewise, financial data for Aspekt are not available.
By A’kos Szebeni, Research Associate
About Credit Plus
Founded in 2009, Credit Plus is a non-deposit taking microfinance institution that is headquartered in the Georgian city of Tbilisi. Credit Plus operates through eight offices in Georgia, offering loans secured by real estate and gold to consumers and small businesses in all regions of the country. The company typically lends from GEL 1,000 (USD 572) to GEL 50,000 (USD 28,600) for loans backed by real estate, and from GEL 100 (USD 57.2) to GEL 30,000 (USD 17,000) for gold-backed loans. Credit Plus does not report to the US-based nonprofit Microfinance Information Exchange (MIX) and financial data on the firm are otherwise unavailable.
About Aspekt
Established in 1992, Aspekt is a Macedonia-based information and communication technology company. It offers four products: Aspekt Microfinance Software Solution, Aspekt Leasing Software Solution, Aspekt Insurance Brokerage Software Solution and Aspekt CRM Software Solution for Insurance Industry. The firm provides services in the areas of: consulting, application development, internet and intranet software development, offshore outsourcing, web and multimedia development, and hardware and system integration. The number of clients using Aspekt software is unavailable.
Sources and Additional Resources:
Information provided to MicroCapital by Aspekt, April 2014
MicroCapital, February 18, 2014, “International Finance Corporation (IFC) Capitalization Fund Loans $65m to Bank of Georgia,” https://www.microcapital.org/microcapital-brief-international-finance-corporation-ifc-capitalization-fund-loans-65m-to-bank-of-georgia/
MicroCapital, September 5, 2013, “Macedonian Aspekt, Bosnian EKI Sign Deal to Implement Microfinance Software,” https://www.microcapital.org/microcapital-brief-macedonian-aspekt-bosnian-eki-sign-deal-to-implement-microfinance-software/
MicroCapital, February 25, 2013, “Aspekt to Provide Microfinance Software to Serbian Microlender MicroFinS-DBS,” https://www.microcapital.org/microcapital-brief-aspekt-to-provide-microfinance-software-to-serbian-microlender-microfins-dbs/
MicroCapital, March 23, 2012, “Mifos Microfinance Software Update, “Margaret H,” adds Lao, Georgian, Mobile Interface, Spreadsheet Capability, Cloud Functionality,” https://www.microcapital.org/microcapital-brief-mifos-microfinance-software-update-margaret-h-adds-lao-georgian-mobile-interface-spreadsheet-capability-cloud-functionality/
MicroCapital Universe Profile: Credit Plus, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Credit+Plus
MicroCapital Universe Profile: Aspekt, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Aspekt
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/
Similar Posts:
- MICROCAPITAL BRIEF: B2B Fintech Clowd9 Chooses Netcetera for Payments Security
- MICROCAPITAL BRIEF: Kwara of Kenya Raises $3m in Equity to Boost Technology for SACCOs, Acquires KUSCCO Software Subsidiary
- MICROCAPITAL BRIEF: Temenos Launches Artificial Intelligence Platform for Mortgage Lenders
- MICROCAPITAL BRIEF: KEPFIC Member Pension Funds Invest $61m in Acorn Holdings, Kenya Mortgage Refinance Company (KMRC) to Boost Affordable Housing
- MICROCAPITAL BRIEF: Credolab, Provenir Seek to Boost Financial Inclusion with Predictive Software
