What FINBIT Offers
The app’s focuses on tracking livelihood and financial aspects of people’s lives, and can be expanded to track other in-depth livelihood aspects such as details on business/agricultural training, inputs, yields, diseases etc., that impact on the livelihood and finances
Tracking how the implementation of a programme is progressing at ‘beneficial or target group’ level, where which numbers are achieved, attendance of courses, how many people are attending group meetings, etc
Tracking how your clients’ lives improve (or not) as the programme gets implemented (ongoing) and beyond implementation (ideally compared to a control group that does not receive the programme but is otherwise comparable)
Product development & testing
In a participatory way, the self-diaries can help you to receive suggestions for new products or services, discuss product design and track how people are using the new products during the test phase
Who We are
Though the FINBIT app was developed earlier, the FINBIT company emerged in 2021 as a spin-off company that is serving its own set of users. The main product of the company, FINBIT, inspired by user feedback, was born in 2018—a technological system crafted to enhance the reporting of financial and livelihood data, alongside other periodically collected indicators, for both individuals and small businesses. Simultaneously, it provides organizations with valuable tools for their monitoring and evaluation efforts, business development services, and member communication. We have recently ventured into developing a loan platform to connect FINBIT users with financial service providers (FSPs). We are committed to expanding the reach and influence of the system across various sectors, reinforcing FINBIT’s value as a multifaceted tool for evidence-based impact.
Components: Reporting on incomes, expenditures, account, loans given, loans taken, assets & employees. Users can see their results in different ‘table and graph’ formats for each of the reported components. They can also apply for a loan based on their financial data & credit scores to different banks, MFIs & financial institutions.
Monitor your earnings from diverse sources while also tracking payment methods, transaction types, & other information
Visual representations of graphs to illustrate your income, expenses, accounts & loans. Comparison & compostion of income, expenses & accounts throughout time.
Take a look at the remaining balance on the loans you currently have, and keep tabs on the loans you've both given and received that have been repaid
Take a close look at your significant personal or business spending, as well as your discretionary expenses.
A marketplace, matching the right loan applications with right loan providers. Users can apply for loans & Indicate loan type preferences
Configure reminders for payments, recurring expenses, and other messages, such as receiving timely notifications for upcoming bills that are due.
Why use FINBIT?
Ever wondered about your financials on the road, at friends house, at work…etc, FINBIT makes it easier to check your data any time & any where as it is available for use both online or offline
State of the Art
FINBIT gives the best of organization & data management with deductions made using visual aids in a simple & user friendly platforms. The app is equipped with rich and interactive experiences making it interesting.
FINBIT’s ensures confidence as data is stored in a secure place & well-protected using latest encryption methods & made accessible to only you or your organization based on your preference.
FINBIT is modular system. The app can be adjusted to fit a specific organziation needs and requirements. There are multiple components available throughout the app and you can have the option of choosing any component you want to use and leave out the ones you don’t need. Even under each component, there are many sub-components that are present which can be modified based on the client’s preference.