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Mentoring
support to MFI – providing professional
inputs from time to time to further the micro finance
operations.
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Monitoring
of accounts and finance – Monitoring
of accounts and finance is a single most important
thing for the success of micro finance. TMN provides
monthly feedback on the accounting and finance operations
of the Partner.
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Internal
audit functions – Internal audit is
an essential condition for healthy growth of micro
finance operations. Internal audit is carried out
by TMN once a quarter. The Internal Audit report is
provided to the Partner Management and Board. The
report provides suggestions for bettering the operations
and areas of improvement.
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Software
support – TMN source/develop software
for use by the Partners for micro finance operations.
The software provided is a twin pack of accounts and
MIS. The software along with its upgrades and customizations
is provided to the Partners during the period of agreement.
The Partners are required to send their MF data periodically,
at least once a week, in the software format, so that
it is available with TMN in time for analysis and
feedback.
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Human
resource development – Getting the
human resources and upgrading them continuously according
to the changes in the sector is a problem. TMN in
consultation with the Partners has developed a human
resource development programme and support the partner
in developing in-house initiatives or provide it externally.
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Support
in raising resources – Micro finance
requires continuous resources for growth. This is
a constant task for the MFI leader. However, since
most are located in remote areas it is not always
very easy to negotiate and get the resources in time.
TMN networks with resource providers and help the
partners in raising resources and during negotiations.
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Support
during credit rating – External credit
rating is a must for providing comfort to agency that
may lend. This is a rigorous exercise. TMN provides
support during any such rating exercise, if required.
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Reporting
to donors and funders – if required
TMN provides support in reporting to donors and funders.
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Product
development – New product development
should be a constant endeavor of the MFI to cater
to new clients and needs/requirement. This exercise
is undertaken periodically in consultation with the
Partner. Based on the research new products are designed.
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Introduce
best practices –Efforts are made by
TMN to introduce best practices though environment
scanning and innovation.
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Introduce
new technologies – It is expected that
the micro finance would be led by technology in future.
Efforts are made by TMN to introduce appropriate technology
for the partner.
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Website development and hosting for
partners in Diamond and Platinum category.
