Mifos

Mifos

Developer(s)	Grameen Foundation
Initial release	October 2006 (2006-10)
Stable release	2.1.3 / May 31, 2011; 5 months ago (2011-05-31)
Written in	Java
Operating system	Cross-platform
Size	75.5 MB
Available in	English, translated into Spanish, French, Portuguese, Chinese Hungarian,
Type	Micro Finance
License	Apache License v2.0
Website	Mifos

Mifos is an initiative of the Grameen Foundation ^[1] and the financial software that it produces for the microfinance industry. The software provides key functionality for microfinance institutions: client management, portfolio management, loan repayment tracking, fee and savings transactions, and reporting ^[2]. (The name "Mifos" originally came from an acronym "Micro Finance Open Source", but is now used as the name, rather than an acronym.) The product is supporting more than 850,000 microfinance clients across 28 microfinance institutions as of June 2011 and continues to grow its presence across the globe. To further enhance the reach of the product, Grameen Foundation launched Mifos Cloud in July 2010. On June 1, 2011, Grameen Foundation announced that it would be ending its direct involvement with the Mifos Initiative and transitioning it to a completely community-led project. Transition to the community is underway; as part of this transition its Mifos Cloud service was discontinued.

Qualifications and prizes

• Mifos earns high ratings on CGAP Software Listings ^[3]

• Mifos won a Duke's Choice Award in 2009 for "Java Technology for the Open Source Community" ^[4]

• Mifos participated in the Google Summer Of Code 2009^[5] and 2010 ^[6]

Partnerships

• IBM Partners With Grameen Foundation to Expand Its Open Source Microfinance Banking Platform and Help Eradicate Poverty^[7]

• Grameen Foundation and ThoughtWorks Partner to Extend Microfinance Technology Platform to Global Communities^[8]

• Grameen Microfinance Open Source - Corporate Citizenship Report 2007 says Cisco will help make Mifos software easier to deploy and scale it to serve more institutions and clients^[9]

• Grameen Foundation and SunGard Join Forces to Support Technology Advancement in Microfinance^[10]

MFIs Using Mifos

See Who's Using Mifos on mifos.org for a list of organizations using Mifos worldwide.

• Grameen Koota
• Adhikar
• Nirantara FinAccess

Mifos in News

• Mifos -open source software for microfinance in new avatar

External links

• Mifos website
• Mifos at Ohloh
• Mifos at SourceForge.net (hosts software downloads and mailing lists)
• Mifos User Manual

References

1. ^ "Launch of Mifos Initiative". http://www.grameenfoundation.org/content/enewsletter200611.html#mifos. 
2. ^ "Mifos Profile on CGAP Software Listings". http://collab2.cgap.org/gm/folder-1.11.107107. 
3. ^ "Press Release on CGAP listing Mifos". http://www.grameenfoundation.org/press-releases/grameen-foundation%E2%80%99s-mifos%C2%AE-earns-high-ratings-cgap-review-software-microfinance-inst. 
4. ^ "Java Duke's Choice Award 2009". http://www.java.com/en/dukeschoice/09winners.jsp. 
5. ^ "Open Source at Google, Blog entry about Mifos". http://google-opensource.blogspot.com/2009/09/endless-summer-of-code-google-style.html. 
6. ^ "Mifos news about GSoC 2010 participants". http://news.mifos.org/mifos-gsoc-2010/. 
7. ^ "IBM Press Release on Mifos". http://www-03.ibm.com/press/us/en/pressrelease/22444.wss. 
8. ^ "ThoughtWorks and Mifos". http://www.prnewswire.com/news-releases/grameen-foundation-and-thoughtworks-partner-to-extend-microfinance-technology-platform-to-global-communities-99309139.html. 
9. ^ "Cisco Foundation on Mifos". http://www.cisco.com/web/about/ac227/ac333/cisco-and-society/bolstering-human-services/grameen-microfinance.html. 
10. ^ "SunGard and MIFOS". http://www.grameenfoundation.org/press-releases/grameen-foundation-and-sungard-join-forces-support-technology-advancement-microfinanc.