iNomy has an interesting story on the efforts to create accouting software for MicroFinance. Writes Frederick Noronha:
Micro-finance, one attempt to get the poor to help themselves by collecting small sums of money and loaning it between themselves, is to get a leg-up from IT if Parikh and his team have their way.
Their new software is getting finalized to make it easy for simple villagers to undertake more complex financial transactions. It’s called Hisaab (meaning, ‘accounts’).