Good Brothers’ and Musoni System Impact
The Good Brothers’ Microfinance (GBS MFI) operations team has had more time to focus on field operations and less time on data reporting since onboarding onto the Musoni System. The loan officers can now easily analyze the loan performances in real time. In addition, the data, and reports from the Musoni System dashboard have helped GBS to make factual, informed, and real time business decisions. The management team can monitor the company’s performance and portfolio reports by region and branches unlike in the past.
In addition, Musoni’s customisable forms and features allow GBS MFI to swiftly integrate the crops and inputs information into the client’s loan database and make the collection monitoring process extremely efficient. The Musoni Core Banking System has made it possible to upload data and soft copy documents into the system which has tremendously helped reduce filing workload and document printing costs while the Musoni Open APIs have been crucial in bulk data entry and migration.
Case Study
U Tun Tun Oo, 43 year old, who farms paddy in Kyaunggon Region, Ayeyarwady first partnered with GBS MFI in 2016 for 5 acres of land. “Contract Farming Service is an extremely important service for farmers. This is because farmers do not need to invest in any farm inputs, they only need to farm according to the contract farming guidelines. I have received a lot more benefits from GBS than I have received previously, and therefore I share this information with other farmers. In my village alone, 30 farmers who own 200 acres and above have come on board on the Contract Farming Program from GBS” he said.
GBS Operations in the COVID-19 Period
GBS MFI’s clients in the agriculture sector have remained resilient despite the economic impacts of the COVID-19 outbreaks and maintained steady transactions while keeping up with their loan repayment schedules. The economic challenges, country lockdown and changing client needs drove GBS MFI to think beyond their traditional collections model and explore safer and more efficient digital systems that would create a win-win scenario for both GBS MFI and their clients.