Latest Version of Microfin Released 3 November 2018!
The latest major version of Microfin, 4.16, was released on 3 November 2018. This version adds support for accrued interest income receivable on the Model Setup sheet. Reconciling formulas were updated throughout the model and the results appear on the Financial Statement sheet. A consistent effort is being made to anchor checkbox, buttons, and dropdown controls as well as improving the input descriptions. A full list of changes are included on the release notes on the Intro sheet.
Microfin is the premier Microfinance planning and budgeting tool. Anyone who has created a MFI's budget quickly realizes microfinance's complexity. Microfin automates all of the complex calculations, taking inputs (assumptions) on future organization growth, current and future loan and savings products, staffing, expenses, fixed assets and funding, and automatically generates future balance sheets, income statements, and cash flow statements for future budgeting, analysis, and comparison with actual results.
As MFIs take budgeting seriously, they can capture market share, reduce interest rates, test the impact of operational decision on the financial statements, and make credible presentations to board members, donors, and investors, many of whom are very familiar with (or may even require) Microfin.
How can I learn Microfin?
1. Attend a regional Business Planning with Microfin course. I plan training courses in Central America, South America, USA, Europe, Africa, and Asia each year. I can also be contracted by country MFI associations, MFI apex networks, or individual organizations for specific courses outside of those that I have planned. The current list of courses is located under the "Training" tab above.
2. Participate in an internet based Microfin course. I plan two internet Microfin courses each year, roughly in June and December. The cost is half of the in person course but lacks the personal interaction with other participants. These internet courses are also listed under the "Training" tab above.
3. Download to your computer for watching later, or click on the the instructional videos produced 11 years ago and watch them directly from this website. These videos, along with the Microfin software, are available under the "Resources" tab above.