The team behind Mambu, a web-based software application for microfinance institutions (MFIs), has recently announced the release of Mambu v1.9, the latest version of the software service [1]. Mambu’s functionalities, which include portfolio management, client tracking, transaction auditing and reporting, can all be accessed online, reducing the need for MFIs to invest in technological infrastructure. The service can also allow field agents to access information using mobile phones.
The latest version includes new customization options and the addition of the “current account” deposit type, with an optional overdraft facility, allowing MFIs with these products to manage overdraft limits and interest rates.
Mambu offers the service at no charge to MFIs with up to 1,500 clients. A monthly subscription fee based on the number of clients is charged for larger organizations.
By Kristha Abores, Research Associate
About Mambu:
Mambu is a web-based software application for microfinance institutions (MFIs). It provides online functionality such as portfolio management, client tracking, transaction auditing and reporting. As of 2011, Mambu offers the service at no charge to MFIs with up to 1,500 clients. A monthly subscription fee based on the number of clients is charged for larger organizations.
Sources and Additional Resources:
[1] Mambu blog: “Mambu V1.9 Released”, http://blog.mambu.com/?p=347
Mambu website: “Advantages”, http://www.mambu.com/en/cms/7/Advantages
Mambu website: “Pricing”, http://www.mambu.com/en/cms/8/pricing
MicroCapital.org article, September 30, 2011, “MICROCAPITAL BRIEF: Open Source Android Application “Simple MFI” Lets Microfinance Loan Officers Search and Enter Data via Mobile Phones Whether On-line or Off-line”, https://www.microcapital.org/microcapital-brief-open-source-android-appli…
MicroCapital.org article, July 15, 2011, “MICROCAPITAL BRIEF: Swiss Banking Software Provider Temenos Pilots Cloud-Based Platform for Six Mexican Microfinance Institutions (MFIs)”, https://www.microcapital.org/microcapital-brief-swiss-banking-software-pr…
MicroCapital.org article, June 14, 2011, “MICROCAPITAL BRIEF: MicroPlanet Technologies Announces Guatemalan Microfinance Institution (MFI) is First Customer for Hybrid Software-as-a-Service (SaaS) Platform”, https://www.microcapital.org/microcapital-brief-microplanet-technologies-…
MicroCapital Universe Profile: Mambu, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Mambu
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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