Since onboarding onto the Musoni System, the GBS MFI operations team has had more time to focus on field operations and less time on data reporting. The Loan officers can now easily analyze the loan performances in real-time. In addition, the data, and reports from the Musoni System dashboard has 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, the Musoni’s customizable forms and features allows 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.
U Tun Tun Oo, 43 years old, 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. Because we, farmers, do not need to invest in any farm inputs, we 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.
Good Brothers Background
Good Brothers’ (GBS) Microfinance (MFI) is a member of GBS Group which is Myanmar’s leading 360-degree integrated agricultural solutions provider. GBS MFI provides microfinance services to the rural communities, particularly in the agriculture sector. They currently operate in 10 branches across 5 different regions. GBS adopted the Musoni System as part of their digitalization journey in July 2021 with a current portfolio of 13K clients and 33K loans.