CommonCents™ 101
A Micro-Finance & Banking Software

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What's New :                                                                

• CommonCents 101 is now Progress out of Poverty Index (PPI) ready.  
  
  September 2011 - CommonCents 101 MicroFinance Software is now a 4-in-1 software. Aside from its existing three systems (MF Loan Monitoring System, MF Savings Monitoring System and Accounting System plus clients profile) it has now a Social Performance Management System (SPMS).  The new system can be set-up to handle Progress out of Poverty Index (PPI) indicators and/or other social performance tool indicators (ex. PAT, MFI own tool) depending on the MFI's choice. In fact even two (2) social perfomance tools (ex. PPI and PAT) can exist and can be used simultaneously. Since standard reports for social performance management system is not yet so defined in the MicroFinance Industry, we encourage microfinance players to supply us witht the necessary reporting requirements so that we can integrate it the system. Knowing most, if not  all, the reporting requirements of the MFIs helps us also improve the database structures to make it more efficient in the future release. This Commoncents' SPMS is available in the MYSQL version only. The screenshot below shows the sample PPI Indicators of the Philippines. Other countries' PPI indicators can be easily entered and setup. Other social performance tool (ex. PAT) indicators can also be inputted and set-up to meet MFIs' needs depending on the degree or complexity of the tool. We hope to make CommonCents a generic microfinance software so that it can be used by any MFI and any social performance tool the MFI thinks fit for their information and reportorial requirements.     

• CommonCents 101 "MySQL Connected"  MicroFinance software is ready for those who want to upgrade to MySQL Community Server as its database. 
  
  August 2011 - We are happy to announce that  we have tested the CommonCents 101 MySQL version to the latest version of MySQL Community Server ver 5.5.15  and is now ready for release to those who want to upgrade to a new database server (MySQL). CommonCents 101 MySQL version can run in MySQL 5.1.x also but we recommend that MFI will use the latest version of MYSQL Community Server--5.5.15. We have also developed (step by step) procedures on how to export the database from MS Access (Jet) Database into MYSQL database in just few hours (or should i say,  minutes). The main improvement of CommonCents MYSQL version aside from the use of MySQL server as its database is the addition of the fourth system--The Clients' Social Performance Management System (CSPMS) particularly for the Progress out of Poverty Index (PPI). Other Social Performance Tools (ex Poverty Assessment Tool (PAT) ) can also be incorporated in the software.  The new  (CSPMS) system integrates its new inputted data to the already existing data (ex. Clients Profile and Loan Data) of CommonCents 101 MicroFinance Software. Interested MFIs may communicate to us so that we can set-up their requirements and probably incorporate new reports for their immediate information and reportorial needs. 

• "MySQL Connected". That will be the state of CommonCents 101 MicroFinance Software  in the year 2011.

  November 2010 - We are happy to announce that early next year Centech Corp. will  be releasing a version of   CommonCents 101 MicroFinance Software that can use or connect to the most famous open-source database--MySQL. MySQL is being used by big companies like Google, Facebook, Wikipedia, and Youtube for their enterprise software. The fact that well-known companies are using this database is like saying that MySQL performance is good--it is reliable and scalable,  neeedless to mention that there are  other good features in it.  With this CommonCents' development, present and future client-partners (MicroFinance Institutions) of CommoCents need  not worry about the reliability  and dependability of the database to be used (as well as the cost of acquiring it) because they have the choice of using, either propriety database of MicroSoft or an open-source database--MySQL. MFIs can download the MYSQL software--Community Server version (GA) (it is free)-- and install it to their computers. The download site is http://dev.mysql.com/downloads/. MFIs can then purchase  or upgrade to the new CommonCents 101 MicroFinance Software version and use MySQL server as its database. Or should I say connect to the MYSQL server database, with CommonCents-compatible Database created on it. Of course, CENTECH personnel can facilitate the creation of CommonCents database in MySQL server of MFIs. The Beta version of CommonCents  codename "CommonCentsMySQL" is now being tested in CENTECH Corporations' facilities and computers.  It will be further tested in some MFIs' computers  early next year and is scheduled to be released before May 2011.    

• CommonCents 101 MicroFinance Software is now in Fiji Islands

  October 2010 - CommonCents 101 MicroFinance Software is now officially in Fiji Islands. The software is being used by South Pacific Business Development (SPBD) Foundation for their Fiji MicroFinance Operations starting at Suva, Fiji and will be  eventually expanded to neighboring towns in the next few months. Carlo Sicad went to Fiji Island to personally train the Fiji SPBD staff on how to operate the software. Other SPBD staff in the neighboring country also went to Fiji to avail of the training.  SPBD headed by their founding president Greg Casagrande  is a successful MicroFinance Institution (MFI) in the Pacific Islands. It started its operation in Samoa, and then expanded to Tonga last year and now in Fiji Islands. SPBD is using  CommonCents 101 MicroFinance Software in their three-country microfinance operations since 2007. CENTECH Corp. is  proud to be a  partner of SPBD in its vision of helping the people in the Pacific Islands through MicroFinance and other Social Development (SD) programs.

• CommonCents 101 MicroFinance Software in Youtube
  
  July 2009 - CommonCents 101 MicroFinance Software uploaded it first video on Youtube last July 29, 2009.
  
  Email from Youtube
  
  
   

  
  Congratulations, CENTECHCommonCents! With your first video now uploaded, you're ready to go even deeper into the YouTube experience.
  
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  Please click Youtube logo or (CLICK THIS) to view it
  
  Our first YOUTUBE video is just a milestone of our history. This milestone will inspire us to make more CommonCents 101 Software's "HOW TOs" and other informative videos which will be published in Youtube to facilitate technical support to our present and future client-partners--The MicroFinance Institutions (MFIs).

• CommonCents 101 MicroFinance Software  In Tonga
  
  July 2009 - CommonCents 101 MicroFinance Software expands its international reach. It is now in Tonga (Pacific Island) --the 3rd international country outside the Philippines where the software is now operating. The software was installed and being used by South Pacific Business Development (SPBD) since July 2009 as SPBD expands its operations in Tonga. (Website of SPBD)

• CENTECH Corp. acquired new technologies to better support its client-partners
  
  Year 2008 - CENTECH Corp.--the maker of CommonCents 101 MicroFinance Software acquired new IT tools and technologies to improve its services, to better support its client-partners. The new technologies will facilitate development of new software (MicroFinance and others) which will complement the existing CommonCents101 MF software.  CENTECH had acquired the PDSA computer framework from Paul D. Sheriff and Associates (PDSA) in California USA (http://www.pdsa.com/Products/PDSAFramework.aspx) and other new commercial software like Visual Studio.Net 2005 to add to their current tools. These PDSA framework will facilitate development of web-based applications as well as efficient desktop applications using the VB.net framework and new technologies (like ADO.Net, N-tier architecture, etc.)  

• CommonCents 101 MicroFinance Software  In Samoa
  
  Year 2007 - CommonCents 101 MicroFinance Software got its second international client in Apia, Samoa. The software was installed and being used by South Pacific Business Development (SPBD) since July 2007.

• CommonCents 101 MicroFinance Software  For The Year 2006
  
  December 26, 2006 - The year 2006, with God's grace, is a very  blessed year for CommonCents 101 MicroFinance Software and CENTECH Corporation. For this year, we have added five (5) new client-partners in our existing list. They are: Kauswagan Bank, a microfinance-oriented bank of TSKI, operating in Visayas, Philippines; Alay Buhay Community  Development Foundation, an NGO-MFI operating in Luzon, Philippines; Opportunity MicroFinance Bank (OMB), a microfinance-oriented bank, operating in Luzon, Philippines, and soon in other parts of the Philippines;  Katuwang Development Foundation, an NGO-MFI operating In Visayas, Philippines; and CFC Tekton Foundation, an NGO-MFI, operating in Luzon, Philippines.  This makes the total number of CENTECH's client-partners  to eleven (11) MicroFinance Institutions (MFIs) with more than 101 branch-installations nationwide. The composition of the eleven (11) client-partners is; 1 rural bank, 2 microfinance-oriented banks and 8 legitimate NGO-MFIs in the Philippines and in Vanuatu.        
  
  

• CommonCents 101 MicroFinance Software Goes International
  
  December 14, 2005 - CommonCents 101 MicroFinance Software has now an international user in the name of VANWODS MicroFinance, Inc. The contract agreement was officially signed by Mr. Elrico Muñoz, Managing Director of VANWODS and Filomeno Carlo B. Sicad, Founding President and CEO of CENTech Corp. last December 14, 2005. The software will be formally installed in the office of VANWODS this coming January 2006. VANWODS MicroFinance Inc. is located in Port Vila, Vanuatu. Vanuatu, an 80-island archipelago with a total population of 200,000 persons, is located 1,400 miles northeast of Sydney, Australia. See maps below.
                 
  This new development shows that CommonCents 101 MicroFinance Software is now recognized by some International MicroFinance Institutions (MFIs) to be useful in their operations. CENTech Corp., the maker of CommonCents 101 software, is  continuously improving the software so that it can address the information and reportorial requirements of MFIs not only in the Philippines but worldwide.
  
  

• CommonCents 101 MicroFinance Software Web Help  can now be viewed from this site.
  
  December 1, 2005 - CommonCents 101 MicroFinance Software Web Help (Beta Version) is now available for  viewing. To view it, just click http://www.commoncents101.com/help. This is one way of demonstrating to our existing and future client-partners that CENTech Corp. is committed to improving the CommonCents 101 MicroFinance and Banking Software as well as push its technical support in the Internet. These Web Help Files and Online Help File  will be further improved to integrate newly-made features of the software. CommonCents 101 software is continuously enhanced to meet new information and reportorial requirements of MFIs and banks. 
  
  

• CommonCents 101 website  can rank # 1  in Yahoo Search List.
  
  Sept. 26, 2005 - CommonCents 101 website is now searchable in Yahoo search engine. In fact, if you use the keywords "Banking and MicroFinance Software" as your search words, CommonCents 101 website will rank # 1 in the list. This is to show that CommonCents 101 website is considered by Yahoo search engine as one of the informative websites when it comes to MicroFinance and Banking Software. Below is the screenshot of that search result which was done last Sept. 26, 2005. Please note that CommonCents 101 website ranks #1 out of 58,200 possible sites if you use the keywords "Banking and MicroFinance Software".
  
  
  
   

• CommonCents 101 is now included in CGAP Software List.
  
  Sept. 14, 2005 - CommonCents 101 MicroFinance Software was approved by CGAP to be included in their list of 57 Microfinance related software. It was approved by Gabriel Metz (Horus Development Finance) under CGAP Technology Resource Center Project. This is to show that CommonCents 101 is at par with other software worldwide and is recognized by CGAP software evaluators to meet the basic requirements of a good microfinance software. We at CENTech Corp. are determined to continuously enhance it to make it a better software meeting client-partners information and reportorial needs and will always be at par if not better than other new evolving world-class software. To see the listings visit the URL below:
  
  http://www.microfinancegateway.org/resource_centers/technology/iss_software/