KONGALEND MIFOS DEPLOYMENT

Kongalend is a development-centred Namibian microfinance institution, operating according to commercial principles. Kongalend goal is to provide financial inclusion to their clients, achieving this by providing affordable financial services to those with limited or no access to such services.

Kongalend offers a range of collateral-free power loan products to qualifying applicants wishing to acquire a variety of renewable energy technologies, for lighting, pumping water and powering a range of household appliances, including solar water heaters.

Kongalend also extends a range of credit products tailored to provide bridging and capital equipment finance to SMEs engaged in productive and value-added activities.

To that end, Mozambique MIFOS Iniciative will implement a MIFOS that will allow sustainable growth for the Microcredit activities and expansion to several Namibian regions with loan and savings products.

Deployment Overview

The full implementation of MIFOS at Kongalend started on 11th April and will last approximately 53 days.

MIFOS deployment project main phases are:

  • Review and optimization of business processes
  • Report Management and Optimization
  • Data Migration
  • Training
  • Acceptance Tests
  • Go Alive

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