Spandana - Spoorthy Innovative Financial Services has signed a memorandum of understanding with Sathguru to collaborate in development of effective Information Management System.

The MOU signed for design, development and implementation of Spandana Information Management Systems (SIMS) is a result of Spandana's endeavour to develop an effective electronic portfolio tracker to facilitate decision making process relevant to its objective, growth, and outreach coupled with Sathguru's experience in providing solutions to Micro Finance Institutions.

The solution will be co-owned by Spandana and Sathguru and will address portfolio tracking of over one million micro credit borrowers to which Spandana currently serves.