Microfinance White Paper

This white paper shows how SUN Microsystems innovation can service the microfinance sector by utilizing its network infrastructure, core competence, strong telecommunications knowledge and leveraging Finance On Request (FOR) solutions.

Innovative technology handles distribution issues inexpensively to provide low cost payments for premium collection, claims settling, remittances and lowering costs in general. The SUN FOR solution:

• Allows microfinance to be run inexpensively as another channel of the main distribution;
• Allows microfinance to be implemented as a specific channel if microfinance is a mono line business;
• Handles micro pensions and annuities from the same base as other products such as loans and life insurance;
• Builds workflows that are essential for MFIs to manage their internal distribution network;
• Minimizes field synchronization difficulties by providing real time information on channel performance, peril exposed areas and bad claim hot spots.

SUN is creating cost effective open technologies and innovation for microfinance in terms of an end-to-end solution. Going forward, SUN will use partnerships in the industry to deliver the FOR solution for microfinance, thus providing best practice delivery.