SECDEP Gap Analysis
List of gaps between the Mifos system and MFI business requirements. This includes: Proposed changes to process to accommodate gap; Proposed system work arounds; Multiple solutions can be proposed.
Area of Gap / Nature of Gap / Proposed Gap Resolution / Remarks1 / Interest Installment Calculation / Installment calculations for Interest component not tallying with SECDEP calculations, / CUSTOMIZATION This feature needs to be customized. / Aliya to give feedback on this after getting back toSeattle.
2 / If there is holiday in a week the meeting is set on a Friday of the same week because all regular center meeting occur during 4 days of the week, i.e. Mon to Thu. / In case of holiday, the MIFOS configuration allows shifting of date to next working day or next weekly meeting date. Shifting repayment to Friday of same week is not supported / CUSTOMIZATION Configuration must allow a third option for holidays, i.e. shifting repayment schedule to the Friday of the week in which a holiday(s) are defined. / This was not discussed during our meeting. Came up based on subsequent review by SECDEP. Aliya is requested to suggest possible options for this
3 / Unique Promissory Note No. / A Promissory Note accompanies each and every loan. Each PN No. must be unique. Currently MIFOS does not record PN No. and there is no way of verifying uniqueness. / CUSTOMIZATION:This feature may be considered for customization based on SECDEPs review/ comments (see Column I of excel). / This is a very important /useful feature for Philippine MFIs. May be considered for customization
4 / In problematic centers SECDEP accepts partial payment before the loan is rescheduled or restructured / Partial payments are allowed as per MIFOS, but the partial amount is applied in the order of penalty (not applicable for SECDEP), then fees (ie WP, MMF1 and MMF2), interest and then principal. SECDEP however, applies partial payments in the priority of Principal, Interest, Fees / LIVE WITH GAP:Amounts can be suitably entered in the collection sheet depending upon the partial payment amount
5 / Loan Disbursement is a weekly activity and normally done on Thursdays (afternoons) or Fridays. / Although loan disbursement takes place on Thu/Fri, the 1st repayment must fall due on the next weekly meeting day. / This gap resolves itself in ver1.1.
This is a feature that will be available in MIFOS1.1 as per Road Map.
6 / MMF1 / Feature of Changing amounts per loan cycle can not be accommodated in MIFOS. / WORKAROUND:This feature is not a MIFOS feature even in 1.1. SECDEP agreed to workaround a involving defining 5 different MMF1 and manually selecting the relevant one at the time of loan account creation
7 / MMF2 / Differing values for the same Fee type. / WORKAROUND:As originally planned, define two Fee types : MMF2(14) and MMF2(28)
8 / Province/Municipality/ Barangays dropdown / Province/Municipality/ Barangays drop down reqd. for easy and correct selection, as well as accurate report generation / LIVE WITH
During discussions SECDEP agreed toLIVE WITHthis. / However, for making MIFOS user-friendly and attractive for Philippine MFIs, it is recommended that this feature be considered for customization in ver 1.1
9 / Occupation/Loan Purpose Dropdown / There is a standard classification of business (Occupation) and corresponding sub-classifications (loan Purpose). PCFC requires its members to report new loans according to this system of classification/ sub classification. / LIVE WITH
During discussions SECDEP agreed toLIVE WITHthis / However, for making MIFOS user-friendly and attractive for Philippine MFIs, it is recommended that this feature be considered for customization in ver 1.1
10 / Savings Withdrawal Logic / Withdrawal Business logic not a MIFOS feature. Needs to be done offline / OFFLINE:Withdrawal Business logic not a MIFOS feature. Needs to be done offline
11 / Center/Group Formation Criteria / Center/Group Formation Business logic not a MIFOS feature. Needs to be done offline / OFFLINE:Monitor manually, taking help of Checklist
12 / Client Eligibility Criteria / Client Eligibility Business logic not a MIFOS feature. Needs to be done offline / OFFLINE:Monitor manually, taking help of Checklist
13 / Loan Eligibility Criteria / Approval of loans require certain min. attendance rate for the whole center ( see columns 76 and 89 in the 'Definitions' worksheet). / OFFLINE:
Monitor manually, taking help of Checklist
14 / MEMBER IDENTIFICATION Card / This is provided to each newly registered member, duly signed by member, group mates, Center Chief and PO/Branch officials / OFFLINE:
SECDEP Agreed to carry on this activityOFFLINE / This feature may be considered as a report generation activity.
15 / Entry of EXPENSES ( Non loan/savings related) at HO and branch levels / MIFOS does not allow entry of EXPENSES that are not related to loans/savings transactions / OFFLINE
16 / Reports / See Chapter 4for details of Reports