A Covid-19 Proof Digital Loan Origination Solution
- MoneyPhone
- Jun 15, 2020
- 1 min read
#Microfinance Institutions are suffering from Covid-19 related lock-downs. Over 60% of MFIs are not able to meet with their customers. This has significantly impacted their businesses. MFIs experienced: • Up to 70% reduction in business volume • Few or no disbursements • Limited or no client interaction • Group meetings being discouraged • Loan officers working from home and relying on their cell phones (WhatsApp)
Are you an MFI facing similar challenges and looking for ways to continue to run your organization? Do you want to mitigate virus-related risks in the future? Do you want to continue to originate loans and make an impact?
If so, we would like to introduce you to MoneyPhone, your solution for Covid-19
Proof Digital Loan Origination.
MoneyPhone’s Loan Application Platform enables you to offer self-service loan applications directly on your website. The Loan Management Portal allows your Loan Officers and Staff to process loans remotely with minimal travel required. MoneyPhone also offers automated loan disbursements and repayments; connecting your payment
system with your customer’s mobile wallets.
Mitigate your virus-related business risk, learn more about MoneyPhone and email us for more information at info@money-phone.com.
This article highlights the importance of digital loan solutions in today's world. With the growing demand for online installment loans, borrowers now have access to quick and convenient funding with flexible repayment terms. These loans provide a reliable way to manage unexpected expenses without financial strain. If you're looking for the best deals, Best Rate Check helps you compare top lenders and secure the most competitive rates.
Digital loan origination is transforming how people access emergency funds, making borrowing more seamless and efficient. Services like cash advance loans benefit greatly from this innovation, as they rely on fast approvals and instant funding. With a smoother online process, borrowers can avoid lengthy paperwork and get the financial help they need without hassle. It’s interesting to see how technology is shaping the lending industry for the better!