CAM - Mobile Enabled SHG Microfinance Management System for enabling decentralized rural financial services

http://geotourism.changemakers.com/en-us/node/9415

Describe what makes your idea unique—different from all others in the field. - The “CAM- Mobile enabled SHG Microfinance Management Information System” is an innovative application for collection of rural SHGs financial information and portrays them on online server to enable anytime and anywhere access. This enables the rural women to utilize the various services like financial services, banking services etc at their doorstep.
The main problem in rural financial services is the non-availability of accurate, timely and needed information for decision making at higher levels. In microfinance sector, due to the lack of information, the SHG members could not ascertain the financial position (profitability) of their group, the documents / reports required for the submission to obtain loans, to portray their strengths as a financial institution.

Since the data is captured using a mobile phone and sent to the online server, the field staff monitoring the SHGs would supply the computer printed reports to the SHG’s thus helping to overcome all the difficulties in terms of reports, book-keeping and portfolio management. It also enables other stakeholders like banks, NGO, SHPI, MFIs to track their loan repayment online for decision support.