Notice: Use of undefined constant _LOCATION_AREA - assumed '_LOCATION_AREA' in /home/wfsolutions/public_html/mainfile.php on line 27

Strict Standards: Resource ID#13 used as offset, casting to integer (13) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#13 used as offset, casting to integer (13) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Use of undefined constant _CAPTCHA_VALIDATION_TEXT - assumed '_CAPTCHA_VALIDATION_TEXT' in /home/wfsolutions/public_html/kernel/classes/class.format.php on line 55

Notice: Use of undefined constant _CAPTCHA_RELOAD_CONFIRM_CODE - assumed '_CAPTCHA_RELOAD_CONFIRM_CODE' in /home/wfsolutions/public_html/kernel/classes/class.format.php on line 64

Notice: Undefined variable: prefix in /home/wfsolutions/public_html/kernel/automator.php on line 29

Notice: Use of undefined constant END_TRANSACTION - assumed 'END_TRANSACTION' in /home/wfsolutions/public_html/db/mysql.php on line 96

Notice: Undefined variable: prefix in /home/wfsolutions/public_html/kernel/automator.php on line 36

Notice: Use of undefined constant END_TRANSACTION - assumed 'END_TRANSACTION' in /home/wfsolutions/public_html/db/mysql.php on line 96

Notice: Undefined variable: prefix in /home/wfsolutions/public_html/kernel/automator.php on line 47

Notice: Use of undefined constant END_TRANSACTION - assumed 'END_TRANSACTION' in /home/wfsolutions/public_html/db/mysql.php on line 96

Notice: Undefined variable: prefix in /home/wfsolutions/public_html/kernel/automator.php on line 55

Notice: Use of undefined constant END_TRANSACTION - assumed 'END_TRANSACTION' in /home/wfsolutions/public_html/db/mysql.php on line 96

Notice: Undefined variable: prefix in /home/wfsolutions/public_html/kernel/automator.php on line 61

Notice: Use of undefined constant END_TRANSACTION - assumed 'END_TRANSACTION' in /home/wfsolutions/public_html/db/mysql.php on line 96

Notice: Undefined variable: prefix in /home/wfsolutions/public_html/kernel/automator.php on line 67

Notice: Use of undefined constant END_TRANSACTION - assumed 'END_TRANSACTION' in /home/wfsolutions/public_html/db/mysql.php on line 96

Strict Standards: Resource ID#18 used as offset, casting to integer (18) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#18 used as offset, casting to integer (18) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined variable: admin_aid in /home/wfsolutions/public_html/kernel/classes/class.admin.php on line 28

Strict Standards: Resource ID#28 used as offset, casting to integer (28) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#28 used as offset, casting to integer (28) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Constant already defined in /home/wfsolutions/public_html/plugins/News/language/lang-english.php on line 23

Notice: Constant already defined in /home/wfsolutions/public_html/plugins/News/language/lang-english.php on line 24

Notice: Constant already defined in /home/wfsolutions/public_html/plugins/News/language/lang-english.php on line 25

Strict Standards: Resource ID#33 used as offset, casting to integer (33) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#33 used as offset, casting to integer (33) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined variable: op in /home/wfsolutions/public_html/plugins/News/index.php on line 263

Notice: Undefined variable: op in /home/wfsolutions/public_html/plugins/News/index.php on line 267

Notice: Undefined variable: op in /home/wfsolutions/public_html/plugins/News/index.php on line 271

Notice: Undefined variable: op in /home/wfsolutions/public_html/plugins/News/index.php on line 275

Warning: session_start(): Cannot send session cookie - headers already sent by (output started at /home/wfsolutions/public_html/db/mysql.php:215) in /home/wfsolutions/public_html/plugins/News/index.php on line 104

Warning: session_start(): Cannot send session cache limiter - headers already sent (output started at /home/wfsolutions/public_html/db/mysql.php:215) in /home/wfsolutions/public_html/plugins/News/index.php on line 104

Strict Standards: Resource ID#38 used as offset, casting to integer (38) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#38 used as offset, casting to integer (38) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#39 used as offset, casting to integer (39) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#39 used as offset, casting to integer (39) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined variable: return in /home/wfsolutions/public_html/plugins/News/classes/class.news.php on line 185

Strict Standards: Resource ID#40 used as offset, casting to integer (40) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#40 used as offset, casting to integer (40) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined variable: return in /home/wfsolutions/public_html/plugins/News/classes/class.news.php on line 393

Strict Standards: Resource ID#41 used as offset, casting to integer (41) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#41 used as offset, casting to integer (41) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined variable: return in /home/wfsolutions/public_html/plugins/News/classes/class.news.php on line 393

Warning: Illegal string offset 'relatedQty' in /home/wfsolutions/public_html/plugins/News/index.php on line 115

Notice: Uninitialized string offset: 0 in /home/wfsolutions/public_html/plugins/News/index.php on line 115

Strict Standards: Resource ID#42 used as offset, casting to integer (42) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#42 used as offset, casting to integer (42) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#43 used as offset, casting to integer (43) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#43 used as offset, casting to integer (43) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#44 used as offset, casting to integer (44) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#44 used as offset, casting to integer (44) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined variable: return in /home/wfsolutions/public_html/plugins/News/classes/class.news.php on line 185

Strict Standards: Resource ID#45 used as offset, casting to integer (45) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#45 used as offset, casting to integer (45) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#45 used as offset, casting to integer (45) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#45 used as offset, casting to integer (45) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#42 used as offset, casting to integer (42) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#42 used as offset, casting to integer (42) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#46 used as offset, casting to integer (46) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#46 used as offset, casting to integer (46) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#47 used as offset, casting to integer (47) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#47 used as offset, casting to integer (47) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined variable: return in /home/wfsolutions/public_html/plugins/News/classes/class.news.php on line 185

Strict Standards: Resource ID#48 used as offset, casting to integer (48) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#48 used as offset, casting to integer (48) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#48 used as offset, casting to integer (48) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#48 used as offset, casting to integer (48) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#42 used as offset, casting to integer (42) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#42 used as offset, casting to integer (42) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#49 used as offset, casting to integer (49) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#49 used as offset, casting to integer (49) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#50 used as offset, casting to integer (50) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#50 used as offset, casting to integer (50) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined variable: return in /home/wfsolutions/public_html/plugins/News/classes/class.news.php on line 185

Strict Standards: Resource ID#51 used as offset, casting to integer (51) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#51 used as offset, casting to integer (51) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#51 used as offset, casting to integer (51) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#51 used as offset, casting to integer (51) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#42 used as offset, casting to integer (42) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#42 used as offset, casting to integer (42) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#52 used as offset, casting to integer (52) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#52 used as offset, casting to integer (52) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#53 used as offset, casting to integer (53) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#53 used as offset, casting to integer (53) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined variable: return in /home/wfsolutions/public_html/plugins/News/classes/class.news.php on line 185

Strict Standards: Resource ID#54 used as offset, casting to integer (54) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#54 used as offset, casting to integer (54) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined variable: return in /home/wfsolutions/public_html/plugins/News/classes/class.news.php on line 393

Strict Standards: Resource ID#42 used as offset, casting to integer (42) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#42 used as offset, casting to integer (42) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#55 used as offset, casting to integer (55) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#55 used as offset, casting to integer (55) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined variable: return in /home/wfsolutions/public_html/plugins/News/classes/class.news.php on line 185

Notice: Undefined index: comments in /home/wfsolutions/public_html/plugins/News/index.php on line 163

Notice: Undefined index: comments in /home/wfsolutions/public_html/plugins/News/index.php on line 164

Notice: Undefined index: comments in /home/wfsolutions/public_html/plugins/News/index.php on line 165

Notice: Undefined index: comments in /home/wfsolutions/public_html/plugins/News/index.php on line 166

Strict Standards: Resource ID#59 used as offset, casting to integer (59) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#59 used as offset, casting to integer (59) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined index: id in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 194

Strict Standards: Resource ID#64 used as offset, casting to integer (64) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#64 used as offset, casting to integer (64) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#65 used as offset, casting to integer (65) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#65 used as offset, casting to integer (65) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#64 used as offset, casting to integer (64) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#64 used as offset, casting to integer (64) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined index: id in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 194

Strict Standards: Resource ID#66 used as offset, casting to integer (66) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#66 used as offset, casting to integer (66) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#67 used as offset, casting to integer (67) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#67 used as offset, casting to integer (67) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#66 used as offset, casting to integer (66) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#66 used as offset, casting to integer (66) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined index: id in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 194

Strict Standards: Resource ID#68 used as offset, casting to integer (68) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#68 used as offset, casting to integer (68) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#69 used as offset, casting to integer (69) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#69 used as offset, casting to integer (69) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#68 used as offset, casting to integer (68) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#68 used as offset, casting to integer (68) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined index: id in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 194

Strict Standards: Resource ID#70 used as offset, casting to integer (70) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#70 used as offset, casting to integer (70) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#71 used as offset, casting to integer (71) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#71 used as offset, casting to integer (71) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#70 used as offset, casting to integer (70) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#70 used as offset, casting to integer (70) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined index: id in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 194

Strict Standards: Resource ID#72 used as offset, casting to integer (72) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#72 used as offset, casting to integer (72) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#73 used as offset, casting to integer (73) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#73 used as offset, casting to integer (73) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#72 used as offset, casting to integer (72) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#72 used as offset, casting to integer (72) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined index: id in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 194

Strict Standards: Resource ID#74 used as offset, casting to integer (74) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#74 used as offset, casting to integer (74) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#75 used as offset, casting to integer (75) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#75 used as offset, casting to integer (75) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#74 used as offset, casting to integer (74) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#74 used as offset, casting to integer (74) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined index: id in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 194

Strict Standards: Resource ID#76 used as offset, casting to integer (76) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#76 used as offset, casting to integer (76) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#77 used as offset, casting to integer (77) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#77 used as offset, casting to integer (77) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#76 used as offset, casting to integer (76) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#76 used as offset, casting to integer (76) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#63 used as offset, casting to integer (63) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Only variables should be passed by reference in /home/wfsolutions/public_html/layout.php on line 43

Strict Standards: Resource ID#78 used as offset, casting to integer (78) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#78 used as offset, casting to integer (78) in /home/wfsolutions/public_html/db/mysql.php on line 216

Strict Standards: Resource ID#79 used as offset, casting to integer (79) in /home/wfsolutions/public_html/db/mysql.php on line 215

Strict Standards: Resource ID#79 used as offset, casting to integer (79) in /home/wfsolutions/public_html/db/mysql.php on line 216

Notice: Undefined index: id in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 114

Notice: Undefined index: pageType in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 115

Notice: Undefined index: name in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 116

Notice: Undefined index: category in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 117

Notice: Undefined index: title in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 118

Notice: Undefined index: title in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 119

Notice: Undefined index: metaKeys in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 121

Notice: Undefined index: metaDesc in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 122

Notice: Undefined index: url in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 123

Notice: Undefined index: topImage in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 124

Notice: Undefined index: date in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 126

Notice: Undefined index: visits in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 127

Notice: Undefined index: inMenu in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 128

Notice: Undefined index: only_members in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 129

Notice: Undefined index: lang in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 130

Notice: Undefined index: ordering in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 131

Notice: Undefined index: url in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 132

Notice: Undefined index: url in /home/wfsolutions/public_html/plugins/Pages/classes/class.pages.php on line 132
Microfinance : Fundamental Problems , Solutions and who Benefits

News

Microfinance : Fundamental Problems , Solutions and who Benefits

Software Solutions for Microfinance Processing


     In a conversation with OpenCards CEO, Marcela Garcia, we addressed the issue of how to help small businesses achieve financial inclusion in the credit system. A computer systems engineer by trade, Garcia explains the two main problems that affect the growth of microfinance, solutions to those problems and the benefits of implementing the same software used for administering consumer credit (credit cards) in the microfinance market so to maximize efficiencies and sustainability.
      Problems
 1) Once the loan disbursement is made, the money may be used to cover personal expenses, rather than intended business use.
 2) Current systems for administering credit payments are designed for monthly or biweekly payments. Most microfinance payment schedules are devised for weekly payments and, in some cases, even daily. The typical banking software is not designed for volume processing, a must in microfinancing. 
      Solutions
1) In the software for administering credit cards, one can specify and limit the locations that accept the loan card to be given to borrowers. One can create multiple levels of parameterization to the point that one can limit purchasing to a specified in-store department. For example, this card can only be used to purchase at hardware stores A, B or C, and then only in their respective paint departments. 
 2) Consumer credit system or credit card administration systems are ready to perform a high volume of transactions for both ends, when payments are made and when purchases are made as well. 
      Advantages By giving a loan card to the microcredit user, a quota would be allocated to solve three typical dilemmas: 
 1) The first, the bank does not allocate the total credit disbursed but partial quantities, or just what the customer needs, thus allowing the bank to increase its credit user base.
 2) Second, if the user does not pay on the due date, the loan card is blocked thereby controlling and minimizing the banks risks. 
 3) A third advantage is that with the Management Information System, social impact statistics are generated for the benefit of loan customers, banks and the microfinance system as a whole, making it more efficient and viable for all parties .

      In the recent Financial Inclusion Forum 2020, held in London last October 28 to October 30, Larry Reed, Director of the Microcredit Summit Campaign, said in his presentation that financial inclusion of microfinance by 2020, would eliminate poverty by 2030. OpenCard joins this cause by offering its software solution. (1) 

     OpenCard develops software for managing credit cards, debit cards and revolving credits. The OpenCard system covers the entire credit life cycle through specialized units which allow high flexibility in the management of multiple parameters, for the development of different products and credit businesses in the financial area of the banking and retail sector.


Content by info@AlphaSMC.com