Proximity Finance (Proximity), one of the largest MFIs in Myanmar with over 120,000 end customers and a portfolio of over $20 million, has chosen Musoni as its core banking and digitalisation partner. After training and data migration, PF successfully went live in March 2020. They are now looking to continue their digitalisation journey, improving efficiency and offering new channels to their end customers.
Getting started together
Training and implementation was managed with the support of ThitsaWorks, Musoni’s official partner in Myanmar. Within Proximity themselves, a dedicated team was established with representatives from each department. This ensured that the whole organisation was familiar with the expected changes and timing.
In particular, great care was taken to migrate all data from Proximity’s previous system into Musoni, with the goal of supporting long term farmer research. This also ensured that Proximity maintained all of the loan history and credit records on their clients, giving them a platform for future digitalisation projects. In total, the migration included over 220k clients, 600k loans, 150k savings accounts and 500k custom data points.