In the constantly evolving world of financial services digital platforms play an essential part in improving the efficiency of operations and ensuring transparency. One platform that is making huge advances in the microfinance industry is MiFlow which is often referred to as Micro Finance Collection Repository (MERC). Created through L&T Finance, MiFlow is designed to streamline loan collection processes, enhance payment tracking and offer real-time financial information to employees as well as customers.
What is MiFlow?
MiFlow is a web-based app developed in the name of L&T Finance to manage microfinance collections efficiently. It acts as a central repository to track the loan’s payments, disbursements and collections, thus simplifying the entire loan management process. This platform is particularly useful for loan collection agencies as well as microfinance institutions and non-banking financial institutions (NBFCs) and offers options like:
- Manager of Loans: Manage and monitor loans efficiently and pay back repayments.
- Real-Time Tracking of Payments: Keep tabs on EMI payment as well as outstanding payments.
- Automated collection processes Reduce the chance of errors caused by manual processes by automating updates to payments.
- Financial Reporting Create comprehensive financial reports for analyzing the performance of collections.
Through integration with the LTFERP system of L&T Finance, MiFlow ensures that all financial information is current and available, making it easier to make the making of informed decisions.
How to Login to MiFlow
The process of accessing MiFlow’s portal is easy. MiFlow portal is simple. Just follow the steps below to sign into:
1. Visit the Official MiFlow Website: Navigate to https://miflow.ltferp.com/mficollections/.
2. Enter Your Credentials: Type in your username and password provided from L&T Finance.
3. Select the Domain: Select the correct Domain from dropdown menu.
4. Captcha Verification Enter the captcha number shown at the top of your screen.
5. Click’Login’ ‘: Once you have filled with all the details after which click on the Login button to open your dashboard.
Check that you are connected to an internet connection that is stable and that you are using an up-to-date browser to enjoy a smooth experience.
Registration Process
At present, MiFlow does not offer the option of public registration. The platform’s access is restricted to only authorized personnel including L&T Finance employees and affiliated loan collection agents. If you’re qualified and need access you should get in touch with your supervisor or the IT department at L&T Finance to obtain your login credentials.