Fern Software Provides its Abacus Core Banking System to Ruby Hill Microfinance
SME Finance Forum Member Fern Software, is serving a new client. Abacus core banking system which is provided by Fern, has signed with Ruby Hill Microfinance, a new microfinance entity in Myanmar. Ruby Hill was established earlier this year as a joint venture between Myanmar’s Loi Hein Group and Dragon Capital Group, a Vietnam-based asset manager.
With a focus on SME lenders and development banks, Fern has 300 installations in 30 countries across Africa, Latin America, Asia and Eastern/Central Europe. Other clients include KEP Trust, the largest local MFI in Kosovo; OXUS Group, which operates in Tajikistan, Kyrgyzstan, Afghanistan and the Democratic Republic of Congo (DRC); the Financial Institution for Development Works (IFOD) in DRC; and Buusaa Gonofaa Microfinance in Ethiopia.