Bulk Collection Sheet Entry
One of the most innovative features of Mifos is the bulk update of collection sheets. Mifos generates a scheduled payment collection sheet for each group meeting. The loan officer need only note the exceptions to the scheduled payments from the group – which are minimal – and then Mifos records all the payments for the entire group in one action.
Mifos users rave about this feature and the significant time saving it generates for loan officers.