Kredits Completes Upgrade for Increased Control and Performance at CUMO
CUMO upgrades to Kredits SQL and Improves Information Transfer, Accounting and Controls
DEDZA, MALAWI – January 12, 2012 - Kredits, LLC helped MFI partner CUMO successfully upgrade their systems to Kredits SQL. In addition, Kredits developed and implemented customized solutions to support CUMO's innovative services and created an interface to CUMO's field-based Blackberry moblie phones for remote data entry. CUMO has expanded and evolved rapidly in the past several years and this upgrade and customization facilitates timely reporting and decision-making by supporting transaction processing from rural operating centers and enabling CUMO to quickly consolidate data from remote offline branches.
“We originally implemented Kredits at CUMO in 2004,” said Don Eggert, CEO and Co-Founder of Kredits, “and it has been very exciting to be a part of their tremendous growth since that time. This upgrade positions CUMO to meet the challenge of operating in rural environments as they continue to grow and expand their innovative products and services.”
In addition, this upgrade enables CUMO to interface transaction data with their accounting program, providing them with improved internal controls and financial reporting. The upgrade also will allow for more rapid processing speeds and improved data consolidation through incremental data transfers.
“Please accept our sincerest appreciation,” said Ezikiel Phiri, CEO of CUMO, ”for the way you have customized Kredits to suit what we do and how we do it. The staff and I have enjoyed working with you. With what you have done, we are now able look to the future with a lot optimism.”
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.
Kredits Enlists Microfinance Professionals to Lead Expansion of MFI Client Services Teams in Asia and Europe
Industry pioneer enriching local client service and business process engineering capabilities to meet growing demand for its state-of-the-art microfinance technologies in Asia and Eastern Europe.
SALT LAKE CITY, UT – June 2, 2011 -- Kredits, a leading provider of technology solutions for microfinance institutions (“MFIs”), announced today that microfinance industry veterans Vikas Jhunjhunwala and Zoran “Hans” Novakovic will spearhead the expansion of the company’s regional client service and business process engineering teams in Asia and Europe. Committed to complete client satisfaction, Kredits’ regional teams are comprised of industry experts who ensure the successful implementation and on-going performance of every Kredits MFI technology solution.
“Kredits is extremely pleased that Vikas and Hans, two highly-experienced MFI industry professionals, have joined our global team and will be leading Kredits’ client service operations in Asia and Europe,” said Don Eggert, CEO and Co-Founder of Kredits. “These two important regions support a growing community of microfinance institutions dedicated to bringing critical financial services to the poor. The addition of Vikas and Hans further demonstrates our commitment to supporting the needs of our MFI clients in these regions.”
Mr. Jhunjhunwala, previously a senior member of the Unitus team, is a 15 year IT industry veteran with extensive microfinance experience. He has successfully led numerous MFI projects in India, Africa, and Southeast Asia. Mr. Jhunjhunwala will lead Kredits’ client service team in Asia and will be headquartered in India.
Mr. Novakovic has over 10 years of experience in the microfinance industry working with Vision Fund, Microcred Group, and the International Rescue Committee on successful technical consulting and technology related assignments in Europe, Central Asia, Africa, and South East Asia. Mr. Novakovic will lead Kredits’ client service team in Europe and will be headquartered in Serbia.
Kredits is internationally recognized for the outstanding scalability and reliability of its MFI technology and business process engineering solutions, as well as its unique ability to conform to any MFI’s unique set of operating requirements. With the enrichment of its Asian and Eastern European client service teams, Kredits further strengthens the personalized delivery and servicing of its state-of-the-art MFI solutions throughout these regions.
About Kredits Microfinance
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 30 countries across 5 continents. For more information visit Kredits at www.kredits.com.
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Kredits Contacts:
Vikas Jhunjhunwala, Chief Consultant, Asia
Zoran Hans Novakovic, Senior Consultant, Europe
Tel No: + 1 801 252 5282
Media Inquiries:
Tipling Witsman, Marketing Manager
Tel No: + 1 801 252 5282
Kredits Signs a Global Agreement with VisionFund
Kredits Becomes a Technology Solutions Partner for VisionFund MFIs
SALT LAKE CITY - February 2012 -Kredits, LLC and VisionFund International entered into a global agreement to use Kredits as a technology solutions partner. This partnership enables Kredits to be implemented in select VisionFund International Microfinance Institutions throughout the world.
“We are very excited to collaborate with VisionFund.” said Don Eggert, CEO and Co-Founder of Kredits, “We have tremendous respect for their global microfinance work and look forward to combining our expertise in our mutual efforts to expand financial services to the world’s poor.”
VisionFund International, the microfinance partner of World Vision, opens and operates microfinance institutions in impoverished rural communities in 36 countries of the world. Through offering small loans and other financial services to families living in poverty, VisionFund aims to impact the lives of children by creating change among its clients. Training and supporting them in setting up and running their own successful businesses, VisionFund clients work to provide sustainable income and lasting change for their families.
Kredits, LLC is internationally recognized for its scalable and reliable microfinance software solutions, as well as its ability to conform to varying operating and regulatory requirements around the world. This is important for VisionFund because of its global presence. Each of VisionFund’s network MFIs operates in a different lending and regulatory environment.
Kredits sponsors the Annual MCPI Conference in Manila, Philippines
July 28th, 2011
Kredits recently sponsored the Annual MCPI Conference in Manila, Philippines as a platinum sponsor. Kredits participated in the many workshops and discussions, learning about the struggles and achievements of the Philippine MFI market, as well as introducing participants to Kredits and our technology solutions. In addition, Vikas Jhunjhunwala and Zoran Novakovic, of Kredits, gave a presentation detailing our innovative technology solutions as well as the on-going development of exciting, new technologies aimed at bringing greater efficiency, empowerment and extended outreach for microfinance institutions.
Kredits sponsors the MFC 2011 Conference in Prague
May 24th, 2011
Kredits participated at the recent Micro Finance Center's 2011 Annual Conference, held in Prague, as a major sponsor. Kredits presented our innovative technology solutions as well as the on-going development of exciting, new technologies aimed at bringing greater efficiency, empowerment and extended outreach for microfinance institutions. In addition, Don Eggert, CEO of Kredits, presented a detailed insight at the conference into the role that well designed and correctly implemented technology solutions play to proactively identify and manage risks inherent within microfinance business operations.
Vision Fund MFI CEVI Implements Kredits In Philippines
Vision Fund MFI CEVI implements Kredits In Philippines
Data Consolidation, and Reporting
“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.
KREDITS RECEIVES USD $4.5M INVESTMENT TO DEVELOP NEW MICROFINANCE TECHNOLOGIES AND EXPAND GLOBAL PRESENCE
Industry pioneer will accelerate delivery of state-of-the-art microfinance technologies to meet growing demand for affordable and scalable microfinance solutions.
SALT LAKE CITY, UT -- March 15, 2011 -- Kredits, a leading provider of technology solutions for microfinance institutions (“MFIs”), today announced it has received a USD $4.5 million investment from Sophia ApS, a Danish investment vehicle. Kredits will use the investment to accelerate delivery of new technologies and expand its global client services presence.
Since 1998, Kredits has been at the forefront of delivering robust, state-of-the-art, and cost-effective technology solutions for the microfinance industry. Kredits has successfully partnered with MFIs in 30 countries across five continents.
“Our innovative and highly-customizable technology solutions have already helped many of the world’s most successful MFIs build scalable and sustainable microfinance operations. Through close collaboration with our MFI partners, we are proud that every Kredits implementation has been completed on-time and on-budget,” said Don Eggert, CEO and co-founder of Kredits.
“We are excited about our partnership with Shailendra Robin Patel, Founder of Sophia ApS, who helped build Saxo Bank into one of the world’s leading online financial institutions,” Mr. Eggert added. “Robin’s experience in building successful, scalable financial services will strengthen our ability to meet growing demand for business driven solutions. Our commitment is to help MFIs accelerate their outreach in providing financial services to the world’s poor on an affordable basis.”
Kredits is internationally recognized for the outstanding scalability and reliability of its technology solutions, and its ability to conform to any MFI’s unique set of operating requirements. An acknowledged industry leader, Kredits was one of the first solution providers to support the Grameen models and all principal forms of microcredit, savings, insurance and livelihood financing.
Kredits will present its solutions at the Microfinance Centre Annual Conference in Prague on May 18-20, 2011.
About Kredits Microfinance
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 30 countries across 5 continents. For more information visit Kredits at www.kredits.com.