awamo 360

About awamo 360

What is awamo 360? awamo 360 is a software app for microfinance services. It simplifies the awarding and administration of microcredit in the African market, where microloans are one of the most common products found in the financial services sector.

Until now, unregulated credit institutions have granted microloans to borrowers, often without entering the borrower's contract data. In some instances, paper documentation exists, while in others, receipts have just gone missing. Payment defaults thus became a heavy burden. Consequently, the cost of interest increased, thus making microloans more expensive for the borrower. awamo 360 can permanently change this situation by bundling the processing of microfinance services, using a clear, convenient, and cost-saving process. This software can be used as a mobile app and on any PC, which means data can be recorded at any time. And thanks to the cloud-based data service, access is possible from almost any location. awamo 360 is also secured by biometric access control.

Paper documentation is unnecessary with awamo 360 because all data is stored centrally. One knock-on effect of this is the positive impact on the high administrative costs. Data inaccuracies due to outdated software should not create problems, because awamo 360 is regularly supplied with updates. This all reduces administrative costs and the effort and thus should have a positive effect on interest rates from the borrower’s perspective.