VisionFund MFI CEVI Implements Kredits In Philippines
CEVI Implements Kredits SQL to Improve Business Processes,
Data Consolidation, and Reporting
PHILIPPINES– October, 2012 - Kredits, LLC and MFI partner CEVI, have successfully completed the implementation of Kredits Microfinance Technology Solutions in CEVI’s 30 branches serving 38,000 clients. Kredits was able to help CEVI re-engineer their business processes and better standardize their products and operations across the seven islands where they operate. This will help to increase efficiencies and internal controls as well as improve information flow between its branches and headquarters. Weak connectivity at the branch level caused Kredits and CEVI to choose a de-centralized configuration, which supports transaction processing from offline branches with regular and rapid consolidation in the head office.
“I was honored to work with the dedicated and mission-based staff at CEVI,” says Don Eggert, CEO and Co-Founder of Kredits, “We were excited to help CEVI, with its broad range of loan, savings and insurance products, successfully migrate all active data from Excel spreadsheets and optimize its operations. This will greatly enhance their ability to manage and make timely, informed decisions.”
"It was indeed a great pleasure working with Kredits. I learned so much from the Kredits implementation team about the computerized processes of microfinance operations and how things could be improved,” says Jonar Dorado, Executive Director of CEVI. “I really salute the Kredits team and was amazed by the excitement and extraordinary commitment they displayed. I am thankful that they understand that we are pursuing this for a higher cause, for the families and communities that we serve."
CEVI is a non-profit microfinance organization located in the Philippines with a social mission is to “serve the economically active poor by providing appropriate and quality microfinance products and services to help their business grow.” Supported by the Area Development Program of VisonFund International, CEVI aims to offer more dynamic and sustainable microfinance products.
About Kredits
Established in 1998, Kredits is a premier technology solution provider to microfinance institutions worldwide. With an outstanding implementation record and a proven ability to support microfinance efforts in multiple regulatory environments, Kredits has been successfully implemented by MFIs in 33 countries across 5 continents. For more information visit Kredits at www.kredits.com.