MLM System in Co-op. Credit Society in India.
What is MLM
MLM means "Multi-Level Marketing". in Credit society it means open new account by chain of agents with level wise commission.
How MLM works in credit Society
Generally in Credit Society take deposit from public in the form of
opening new account in Recurring Deposit, Daily Deposit, & Fix
Deposit A/c. Some society do it Directly, some appoint agent for opening new accounts. and Some Use chain of agent to open new account in short time. in this system one agent can appoint agents under him, then
that agent will open new agent under him and that will open new agent
under him this way a big chain is created and each agent how open a
account get commission and agent how is above that agent that all agent
will get commission level wise as decided by society. this way a big
structure of agents and account are created which is difficult to manage
manually and so a best software is required for manage this whole
process.
Software Require For MLM in Credit Co-op. Society
Every credit society how wise to develop fast business with MLM should select best software for credit society with MLM system Vayak.net Software is best Indian software for credit society used by more then 1300 Society for there financial and management task. It also contain MLM modual. where you can calculate Agent Collection Commission as well as MLM Commission very easily. for more detail visit to