IThis type of society are mostly developed in Urban areas. In this anybody who is
staying in the permissible area of society can become member of society. They collect
deposit from the members and give Loan to the needy member. The purpose to develop
the society are different in the different societies. Many Societies are developed
on the .
Financiers & Shrofs
Financiers & Shrofs who are giving finance to the public their all accounting system
are there in the software. They can do the entry of the Loan, count interest Flat/Reducing
as per their requirement. They can start any no. of Recurring , Draw & deposit schemes.
They can get recovery lists also.
Housing Credit Co-op. society
Housing society is a Association of House holders which are having house in that
housing society. It collects Maintenance & Transfer fees from Members and manage
all day to day payments, receipts & rents. this is non-profit organisation of members
Micro Finance Provider
Micro finance is usually understood to entail the provision of financial services
to micro-entrepreneurs and middle or lower middle class peoples, which lack access
to banking and related services due to the high transaction costs associated with
serving these client categories. The two main mechanisms for the delivery of financial
services to such clients are (1) Relationship-based banking for individual entrepreneurs
and small businesses; and (2) Group-based models, where several people come together
to apply for loans and other services as a group.
Nidhi Company / N.B.F.C.
Nidhi Company or N.B.F.C. can also use this software. Because this software is developed
in such a way that all Deposit schemes and Loan schemes can be set in it. You can
develop any no. of Recurring or fix deposit scheme & can set it's policy as per
requirement. The Agent commission will be calculated automatically & will transfer
in accounts or can pay in cash.
Trusts - Working for Member welfare
Many Trust who wants to maintain record of their members, wants to write the account
of the trust can also vayak software.
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