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Mentors International Selects Mambu’s Cloud Banking Platform for Multi-Country Rollout

July 1, 2014

BERLIN, July 1, 2014 /PRNewswire/ –

Mentors International [http://www.mentorsinternational.org ], a non-profit
organisation that uses microenterprise, mentoring, and business training to alleviate
poverty worldwide, is implementing Mambu [http://www.mambu.com ]‘s cloud banking platform
across its entire network, spanning five countries worldwide.

(Logo:
http://photos.prnewswire.com/prnh/20130924/642408-a )

Currently active in the Philippines, Guatemala, Honduras, El Salvador and Peru,
Mentors International has helped more than 3.3 million individuals escape poverty through
the formation of small businesses with loans funded by Mentors.

Previously Mentors had deployed a database system on a standalone basis in each
country where it operates. An offline system, this made data extraction, aggregation and
reporting a labour-intensive task, that was error-prone and difficult to manage. With its
new cloud-based Mambu implementation, Mentors will be able to easily customise the
solution to support individual country requirements, and will also gain greater visibility
of its entire portfolio, providing both field managers and Mentors HQ with greater
transparency and insight into its operations.

Mentors plans to use Mambu’s open APIs to connect with local payment systems, and will
also deploy Mambu’s recently announced offline mode for Mambu Mobile
[http://www.blog.mambu.com/announcing-offline-support-for-mambu-mobile ], ensuring its
staff can work offline, even if their internet connection fails, as is often the case in
remote areas.

“With access to the internet becoming ever more ubiquitous, Mambu’s cloud-based
platform will improve our operational efficiency, enabling us to more easily demonstrate
our social impact and improve financial transparency for our staff and our donor
community,” Adriano Oliveira, director of international operations at Mentors
International. “Mambu was the obvious choice because it supports our diverse product range
across our operations in multiple geographic locations, and can be rolled out to support
any future countries, with no additional investment required.”

Mentors met with Mambu at the Microcredit Campaign Summit
[http://www.microcreditsummit.org ] in Manila in 2013, and began working with Mambu on a
phased roll out in April 2014. Mentors plans to go live in the Philippines and Guatemala
by end of June 2014, with Honduras, El Salvador and Peru going live in second half of
2011.

Eugene Danilkis, co-founder and chief executive of Mambu said “Multinational
microfinance networks stand to gain a lot by standardizing technology across their
network. A cloud platform gives them real-time transparency into their network from donor
level down to the social impact for every individual client. Mambu enables networks like
Mentors International to bring their services to their clients, innovate on flexible
products and focus on the core mission and impact on the communities.”

About Mentors International

Mentors International (Mentors) is a private, 501(c)(3) non-profit microfinance
organization that helps the impoverished in developing countries achieve self-sufficiency.
We end poverty in developing countries around the world. Mentors has established seven
partner foundations, one in each of the largest cities of the Philippines (Manila, Cebu
and Davao), and one in Guatemala, Peru, El Salvador and Honduras. Each foundation has its
own local board of directors and indigenous staff, but is a legal subsidiary of Mentors
International and is supervised by the U.S. management team. Mentors also provides
start-up support, training, operational funding and loan capital for its partner
foundations. We help the poor help themselves. With Mentors’ guiding principle of “a hand
up, not a handout,” the donor-recipient relationship is transformed. Mentors requires full
repayment of loans, based on individuals’ ability to pay, and provides clients with the
tools of knowledge necessary to become self-sufficient. For more information please visit

http://www.mentorsinternational.org

About Mambu

Mambu enables innovative banking providers to rapidly create, launch and service loan
and deposit products through its agile, flexible and affordable cloud banking platform. An
alternative to legacy core banking software, Mambu accelerates time to market for new
consumer and SME banking products via digital channels, at a fraction of the cost.
Established in 2011, the company works with more than 100 institutions in 30 countries
worldwide, servicing a portfolio of more than a million accounts. Our clients range from
microfinance organizations to financial innovators and digital banking disruptors seeking
to extend banking services to underserved markets around the world. For more information,
please visit http://www.mambu.com or follow us on Twitter @mambu_com
[https://twitter.com/Mambu_com ]


    Photo: 

http://photos.prnewswire.com/prnh/20130924/642408-a

SOURCE Mambu


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