Microfinance Collection Repository: Complete Guide

The L&T Financial Services platform is Microfinance Collection Repository (MITL). This platform focuses on loan collection and payment administration for microfinance businesses. An integrated system, may expedite microfinance collections, report production, and payment monitoring. Microfinance organizations may also leverage technology to improve their collection procedures, enhancing accuracy and decreasing human interaction. 

Helps microfinance firms manage loan portfolios by reducing workforce and improving accuracy. It provides analytics and real-time updates to microfinance institutions using L&T Finance’s LTFERP system. This allows these organizations to make better judgments. This program centralizes microfinance firms’ collection management, report creation, and payment monitoring.

What is Portal?

The Microfinance EMI Receipting Console Portal) of merc ltfs lets microfinance institutions produce EMI receipts for their consumers. This user-friendly interface streamlines microfinance institutions’ EMI receipt production to simplify collection management. 

The UI is simple and produces receipts quickly and correctly. A simple interface for quick and accurate receipt creation enhances the intended simplicity. By integrating the Portal, microfinance institutions may expedite loan administration, collection, and receipt creation. This makes the Portal an excellent tool for loan portfolio management.

What are the Services?

Offers microfinance institutions several services, including:

  • Loan portfolio management: A centralized platform that manages loan disbursements, payments, and collections, helps microfinance institutions manage their portfolios. With this platform, microfinance organizations may increase loan portfolio management efficiency.
  • Collection management: Automated payment reminders, reports, and real-time updates simplify loan collection.
  • Access management: Microfinance institutions may use the system’s access management tools to regulate user credentials and data access.
  • Reporting and Analytics: Microfinance businesses may improve loan portfolio, payment, and collection management via reporting and analytics.
  • Real-time updates: Microfinance institutions may interface with L&T Finance’s LTFERP system for real-time updates and analytics.

L&T Microfinance 

L&T Financial Services, a Larsen & Toubro company, developed and managed MIFLOW. The major Indian financial services company targets rural and semi-urban regions. Its core purpose is helping micro and small enterprises expand with money. The firm offers microfinance, home loans, and mutual funds, among other financial services. L&T MicroFinance offers limitless loans from a few thousand to many lakhs of rupees with various repayment choices.

Any person or organization may apply for a loan and utilize the cash for company growth, inventory, or equipment. L&T MicroFinance, a simple and cheap loan alternative, may help micro and small enterprises overcome financial challenges and expand.

The Portal Requires Paperwork for Microloan Applications

Customers must furnish this documentation for microloans:

  1. Consumers must provide a passport, driver’s license, or Aadhaar card to verify their identity.
  2. Customers may prove residency via Aadhaar cards, utility bills, lease agreements, or other formal papers.
  3. Bank statements, wage stubs, and income tax returns are required as evidence of income.
  4. Customers must supply their bank’s name, account number, and IFSC reference number.


The portal allows microfinance institutions to access services. The usability and clarity of the portal’s interface were thoroughly studied throughout development. Microfinance institutions may collect loans, produce reports, and monitor payments using the service. This solution handles everything related to loan portfolios and collections. With its consolidated platform for disbursements, fees, and groups, loan management is simplified. 

Loan collection and analytics improvements are notified in real-time via the user-friendly Portal. The sophisticated user access and permissions functionality lets microfinance institutions utilize it while keeping their data private. Microfinance consumers may benefit from the Portal and MERC Portal working together to expedite EMI receipt. The Portal streamlines loan applications for microfinance organizations.

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