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 Thrift Solutions

Thrift collection is mostly practiced and associated with the under banked and underserved and it is one major service offered by Micro finance institutions to their customers and this type of service guarantees financial inclusion but there is always the danger of unscrupulous elements entering the market, collecting funds and disappearing from the scene or not accounting for monies collected. Micro finance institutions engaging in thrift collection can now leverage on a secure platform to collect thrift from their customers which assures safety of the funds deposited. The Freedom Network offers a unique platform for the conversion of traditional way of thrift operation to an electronic way of transacting. The solution has been developed to eliminate the risk of cash handling as well as offer full control and monitoring capabilities by the customers who for one reason or the other can not leave their shops/places to save part of their daily income. Our thrift collection solution is POS based and the transaction is via electronic funds transfer on the point of sale terminal. This solution promotes efficiency and accountability of thrift collections at the same time instilling confidence in the minds of customers.


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Thrift Solutions
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