Direct Action: Alleviating Poverty- Financial Services for the Poor

THE NATIONLINK NETWORK

"Linking the Nation, Transforming Lives"

The Enabling Technology and Business Platform For The Modern Micro Finance Industry

A number of studies and papers have been conducted and written about the great and enhancing effects of Information and Communications Technology (ICT) and the related improvements in the Business Processes in the Micro Finance Industry. Prominent among these papers are the ones prepared and written by David Craknell on "Electronic banking for the poor- panacea, potentials and pitfalls" as well as several insights given by Ms. Janine Firpo such as her paper on "Banking the Unbanked: Technology’s Role in Delivering Accessible Financial Services for the Poor"

While a good number of pilot projects and implementations have been conducted the last few years, most of these past and present projects are focused on addressing just one or two or a few aspects of the problems or objectives. So far there is no end-to-end nor an all-encompassing solution that is available that can easily and cost-effectively be customized and/or configured to any environment or country. Nor has there been any recorded attempt to develop such an enormous system. So the search for that "Holy Grail" or "panacea" for the quantum improvement in the efficiency, reach, and cost effectiveness of micro finance goes on. 

The NATIONLINK NETWORK aims to address these requirements by providing an "Enabling Technology and Business Platform" of delivering and servicing the various financial/banking needs of the poor.

NATIONLINK's proponents early on recognized the need of delivering that crucial honest-to-goodness system- "A system of formal financial services" to the world's poor wherever they may be. By "formal financial services" we mean just that- not a handicapped mobile phone service for balance inquiry and fund transfer. The proponents of NATIONLINK believe that the poor deserves no less than the same modern banking and financial services that we take for granted in the urban areas. Lastly, the proponents of NATIONLINK believe that the availability of a cost-effective National Payment System supported by modern micro finance that can be accessed by the poor in the remote areas will spur economic development that can have life transforming effect.

To achieve this objective requires vast resources but what has been proven in NATIONLINK is when several sectors, such as Rural/Thrift Banks, Credit Cooperatives (Credit Unions), MFI's NGOs, other non-bank financial institutions, and local enterprises or merchants, work and link their resources together, miraculous things happen. The NATIONLINK NETWORK provides these like-minded service oriented institutions the means to be able to work together in a common network that enable their offices or branches to serve as "point-of-presence" or "points-of-delivery" of these vital financial services to the poor especially in the remote areas of any country. 

The NATIONLINK Platform host the necessary applications that makes up an honest-to-goodness bank: Deposit, Micro Finance Loans, Accounting and Reconciliation, ATM and ATM equivalent Driving and Switching, EFT/Money Remittance, Customer Information, and MIS. Complementing these banking applications is a robust multi-channel electronic delivery system. The NATIONLINK services are delivered through an electronic wire or wireless network to applicable devices (Self-service or manned "human ATMs" kiosk) that may be powered from various sources. National networks or regional networks can be created with the platform that can also easily interconnect with one another or with other standard-based payment/ATM networks

Put simply, the NATIONLINK NETWORK Platform enables the micro finance institution's officer, professional, or volunteer to concentrate on what he/she does best wherever he may be and not be worried or hindered by the supporting back-office system and front-office infrastructure.  On the other hand, senior management, donors or fund providers, regulatory bodies, and other stakeholders will have a powerful platform to effect transparency and good governance through timely, accurate, and properly structured or consolidated operational and financial information delivered to them anytime wherever they may be.

For the last 25 years the people or proponents of NATIONLINK have made it their passionate and relentless mission to bring modern sophisticated “big-bank” systems and facilities to small and mid-sized banks and financial institutions. Today, that undying commitment and passion is bringing to the poor, especially those on remote areas, that same world-class banking and financial services.

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