{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2023,9,13]],"date-time":"2023-09-13T20:58:06Z","timestamp":1694638686844},"reference-count":12,"publisher":"IGI Global","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2010,4,1]]},"abstract":"<p>Adoption of Information Technology (IT) in Microfinance Institutions (MFIs) has become one of the key indicators to improve operating efficiency and productivity of staff at all levels of the organization. Though the cost of investment in IT is a matter of concern, it has manifold benefits ranging from productivity improvement to socio economic development of the target clients. This paper focuses on the adoption of Point of Sale (POS) technology in MFIs and its benefits in operation, cost reduction and stakeholder relationship through an evaluation of a small-scale MFI, Come to Save (CTS), operating in Bangladesh. This paper reinforces that timely implementation of technology reduces cost of operation, attains economies of scale and increases outreach through increased staff productivity.<\/p>","DOI":"10.4018\/jeco.2010040105","type":"journal-article","created":{"date-parts":[[2010,4,19]],"date-time":"2010-04-19T23:03:38Z","timestamp":1271718218000},"page":"54-65","source":"Crossref","is-referenced-by-count":7,"title":["Benefits and Limitations of Technology in MFIs"],"prefix":"10.4018","volume":"8","author":[{"given":"Abu Saleh Mohammad","family":"Musa","sequence":"first","affiliation":[{"name":"South Asian Microfinance Network (SAMN), Bangladesh"}]},{"given":"Mostafa Saidur Rahim","family":"Khan","sequence":"additional","affiliation":[{"name":"Stamford University, Bangladesh"}]}],"member":"2432","reference":[{"key":"jeco.2010040105-0","author":"M. E.Hasan","year":"2004","journal-title":"Come To Save (CTS) Cooperatives Limited \u2013 A Vision: A Case Study on Poverty Focused Microfinance Program"},{"key":"jeco.2010040105-1","unstructured":"Hishigsuren, G. (2006). Information and Communication Technology and Microfinance: Options for Mongolia (ADB Institute Discussion Paper No. 42). Tokyo, Japan: Asian Development Bank."},{"key":"jeco.2010040105-2","doi-asserted-by":"crossref","unstructured":"Ivatury, G. (2005). Using Electronic Payments to Build Inclusive Financial Systems. CGAP Technology Center. Retrieved March 17, 2009, from www.cgap.org\/technology.html","DOI":"10.1007\/978-3-540-76641-4_9"},{"key":"jeco.2010040105-3","doi-asserted-by":"crossref","unstructured":"Ivatury, G. (2006). Using Technology to Build Inclusive Financial Systems. Microfinance Gateway Library. Retrieved March 17, 2009, from http:\/\/www.microfinancegateway.org\/p\/site\/m\/library.html","DOI":"10.1007\/978-3-540-76641-4_9"},{"key":"jeco.2010040105-4","unstructured":"Kaufman, R. J., & Kriebel, C. H. (1988). Identifying Business Value Linkages for Information Technology: An Exploratory Application to Treasury Workstations (Tech. Rep. No. IS-88-47). New York, NY: New York University."},{"key":"jeco.2010040105-5","unstructured":"Lui, A., Pertet, R., & White, V. (2006). Technology for the Poor: Challenges and Benefits of PDAs, ATMs and More for Microfinance Institutes. Paper presented at a USAID Learning Conference: Microenterprise Development in a Global World, USAID."},{"key":"jeco.2010040105-6","unstructured":"Majewsky, G., & Usoro, A. (2008). Microfinance Monitoring, Reporting and Group Lending as Challenges for the Data Warehousing Technology. Paper presented at eRA-3 Proceedings: The Contribution of Information Technology to Science, Economy, Society & Education, T. E. I. of Piraeus, Spetses Island, Greece."},{"key":"jeco.2010040105-7","unstructured":"Mathison, S. (2005). Increasing the Outreach and Sustainability of Microfinance through ICT Innovation. Brisbane, Australia: Foundation for Development Cooperation (FDC)."},{"key":"jeco.2010040105-8","author":"S.Mithas","year":"2008","journal-title":"Information Management Capability and Firm Performance: An Empirical Analysis (Tech. Rep. No. RHS 06-071)"},{"key":"jeco.2010040105-9","unstructured":"Setboonsarng, S., & Zhang, J. (2006). Using ICT in Capacity Building for Poverty Reduction in Asia: Lessons Learned from the Microfinance Training of Trainers Course (Tech. Rep. No. 50). Tokyo, Japan: Asian Development Bank."},{"key":"jeco.2010040105-10","author":"S.Silva","year":"2002","journal-title":"Quantum Leap: Microcredit Boosted by Technology"},{"key":"jeco.2010040105-11","unstructured":"Whelan, S. (2003). CGAP IT Innovation Series: Smart Cards. CGAP Technology Center. Retrieved March 15, 2009, from www.cgap.org\/technology.html"}],"container-title":["Journal of Electronic Commerce in Organizations"],"original-title":[],"language":"ng","link":[{"URL":"https:\/\/www.igi-global.com\/viewtitle.aspx?TitleId=42982","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,6,1]],"date-time":"2022-06-01T23:28:51Z","timestamp":1654126131000},"score":1,"resource":{"primary":{"URL":"https:\/\/services.igi-global.com\/resolvedoi\/resolve.aspx?doi=10.4018\/jeco.2010040105"}},"subtitle":["Come to Save (CTS) Experience from Rural Bangladesh"],"short-title":[],"issued":{"date-parts":[[2010,4,1]]},"references-count":12,"journal-issue":{"issue":"2","published-print":{"date-parts":[[2010,4]]}},"URL":"https:\/\/doi.org\/10.4018\/jeco.2010040105","relation":{},"ISSN":["1539-2937","1539-2929"],"issn-type":[{"value":"1539-2937","type":"print"},{"value":"1539-2929","type":"electronic"}],"subject":[],"published":{"date-parts":[[2010,4,1]]}}}