Accion Assesses Musoni App

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Powered by Mifos, Musoni Receives High Praise

Musoni Systems worked closely with Accion’s Channels and Technology group on a comprehensive impact assessment of the Musoni App.  The app is designed to improve loan officer efficiency by digitalising the client registration, group registration and loan application processes. The app works in online and offline mode, and can also be used to view reports or to carry out PPI surveys. So far the app has been used to register over 40,000 clients and a similar number of loans.

While the app has always received positive feedback from end users, this was the first rigorous study into the impact the app has had on loan officer performance, branch cost savings and improved client experiences. We’re pleased to say that on all three of these, the app has proved itself an unqualified success.

Key findings of the case study were:

  1. Business Case: Digitalising operations resulted in the MFI realising an increase in income of $86,620 in the first year. As a result of this, launching the Musoni App resulted in a postive ROI in under 12 months
  2. Improved efficiency: Using the Musoni App increased the case load per loan officer by 68% while simultaneously reducing turnaround time (TAT) from 72 hours to 6 hours
  3. Cost Savings: The MFI realised cost savings of $27,246 in the first year of launching the app, achieved by promoting data entry staff into other roles and reduced stationary/printing costs
  4. Improved client experiences: Faster loan disbursements, no need to provide photos or ID photocopies and reduced potential for fraud all resulted in overwhelmingly positive feedback from clients
musoni field

Musoni Field Officer Registers Client

The Musoni App is provided as standard to any MFI licensing the Musoni System, alongside the mobile money integration, SMS module and system itself, providing a one-stop shop to any MFI looking to benefit from the latest technology.

“On average, the five main branches recorded a 68 percent increase in loan officer caseload from January 2013 (pre-DFA) to December 2014 (one year after full rollout).”

Please click on this link, or the button below if you’d like to download the full Accion Case Study into the Musoni App. You can also learn more on the Accion CFI blog where they explain some of the benefits they’ve seen in other MFIs using tablets in the field.

To learn more about Musoni – visit their website.  See the impact these innovating people are making with their app built on top of the Mifos X platform.  As of this writing, Musoni serves more than 150,000 clients in 38 Financial Institutions in 9 Countries.  This count grows every day.  Impactful.

Congratulations on a job well done.

Star Contributor of the Month – Ishan Khanna

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Meet Our Star Contributor for March 2015 – Ishan Khanna

Ishan entered The Mifos Community as a Google Summer of Code 2014 participant where he grabbed hold of Android Client and built out the native Android field operations app for Mifos X users. Over the course of last summer, Ishan took the community from no mobile app to full functionality. His work can be seen in the Mifos Android Client User Guide.

IK SummitIshan didn’t stop there. He has been active in the Community ever since – even though he has a full-time job with SeekSherpa. He has contributed major bug fixes and engaged others in the community. During the 2015 Summit, he made contributions to several partners including FINA in Georgia to help get their remote app to full functionality. Tengiz Merabishvili from FINA says, “Ishan helped us a bunch, he is a great developer. He is very energetic and knowledgeable. He is a hard worker and once he sets his mind to do something, he always gets it done. I enjoyed our brief time working together, and learned a lot.”

In Ishan’s own words, “I am an insatiable geek, striving for perfection in software.  I love giving Tech Talks and motivating people about FOSS Development.” He has two and one-half years Android Platform experience. He has a gained good grip on Java, Android SDK, Git, Gradle and other related technologies in this period.

Q.  On what projects are you currently working?

A.  I’m working on an app that will allow travellers to connect with locals and change the way travellers see a city these days. TL;DR – Disrupting the Conventional Travel Experience.

 Q.   What is most rewarding about working with the Mifos Community?

A.  The opportunity to meet, work with and learn from people in Global Mifos Summit, having experience in the industry more than my total living age. And to represent Mifos Initiative at Google Summer of Code Reunion in San Jose, California in October, 2014.

 Q.  How do you play when you aren’t working?

India Love in DubaiA.  When I am not working I am usually digging into new frameworks, languages and tech blogs. Find food across the world through YouTube. Or watching “The Big Bang Theory”.

Perhaps painting his face in support of India while in Dubai slipped his mind. . .

Thanks Ishan for your contributions and your joyful spirit!

Dayna Harp Joins The Mifos Initiative

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I am honored and excited to join the Mifos team as the Director of Strategic Initiatives. The primary charge of this position is to assist the Mifos Community to deliver on its mission to speed the elimination of poverty by coordinating a global community that uses Mifos X to deliver responsible financial services to the world’s 2.5 billion poor and unbanked. To help achieve this mission, I will reach out to the global financial co-operatives for support, will coordinate the efforts of end user documentation and will coordinate the volunteer efforts of non-technical volunteers.

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ThoughtWorks HSP team gives Mifos X community a solid footing to grow from

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I’d like to give a big thank you to the ThoughtWorks HSP team. Their team has only been a part of our community a few weeks but it seems like they’ve been with us for years. They’ve helped us at a critical time in the launch of Mifos X to our developer community. They’re putting the infrastructure in place to guide a smooth transition to our community-driven development model on top of the Mifos X platform.  

Here’s a guest post from Gurpreet on what’s been keeping them busy so far.

Recently, folks from ThoughtWorks started contributing to Mifos X as part of their Humanitarian Software Program (HSP). HSP is a ThoughtWorks initiative to help Humanitarian Open Source projects by channelizing beach and volunteer time of ThoughtWorkers. Gurpreet & Deepali from the HSP team at ThoughtWorks work full-time in connecting ThoughtWorkers to Open Source projects adopted under the HSP Program.

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ThoughtWorks HSP team gives Mifos X community a solid footing to grow from

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I’d like to give a big thank you to the ThoughtWorks HSP team. Their team has only been a part of our community a few weeks but it seems like they’ve been with us for years. They’ve helped us at a critical time in the launch of Mifos X to our developer community. They’re putting the infrastructure in place to guide a smooth transition to our community-driven development model on top of the Mifos X platform.  

Here’s a guest post from Gurpreet on what’s been keeping them busy so far.

Recently, folks from ThoughtWorks started contributing to Mifos X as part of their Humanitarian Software Program (HSP). HSP is a ThoughtWorks initiative to help Humanitarian Open Source projects by channelizing beach and volunteer time of ThoughtWorkers. Gurpreet & Deepali from the HSP team at ThoughtWorks work full-time in connecting ThoughtWorkers to Open Source projects adopted under the HSP Program.

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First Mifos X Customers Going Live! – Taking Elevate Africa to New Heights

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2013 will be the year we transition the community over to the new Mifos X platform. We chose to start simple with individual lending support as the scope of our first application built top of the platform. Already this individual lending app is being used by several MFIs in production. Over the coming weeks we’re going to highlight some of our first beta-testers who have been using Mifos X. In this post, we’ll take a look at Elevate Africa, led by Henrik Esbensen – empowering entrepreneurs of West Africa through an in-depth individual lending model. Henrik ran into some challenges in using the current versions of Mifos so he was eager to be a pilot Mifos X user to take advantage of the flexibility it would enable.

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Our Development Philosophy

John and Keith Woodlock have followed a requirements-driven development philosophy as they’ve built out the core for Mifos X. They along with several Specialists in the community including Conflux Technologies, Hugo Technologies, and SolDevelo have been working closely with select MFIs to build out applications that will support the various methodologies of bringing financial services to the poor. All development has been based directly on user requirements that we have been rapidly testing and iterating on with these pilot users. We are now rolling out functionalities to fully support group lending methodologies with a target of having Mifos X reach feature parity with Mifos 2.6 by mid-2013.

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Specialist Spotlight – SolDevelo

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We like to focus in on our Specialists every once a while, recognizing their contributions and providing a more personal glimpse into their organization and team. This time around we’re taking a closer look at SolDevelo. SolDevelo has been playing a crucial role as the technical stewards of the Mifos 2.0 codebase. Head over to the COSM blog to read about each member of the team and what their plans are for Mifos in 2013 including continued expansion of their hosted service, MifCloud.

Specialist Spotlight – Sol Develo

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This regular blog series will shine the light on some of our top Specialists. Not only do we want to recognize them for their accomplishments, we want others to learn from the approach they’ve taken to promote and implement Mifos.

Mifos Specialists are one of the most crucial links in our community – they are the driving force that is promoting and supporting Mifos worldwide.  Aside from championing our product and bringing the Mifos technology to new markets, they act as the fundamental bridge feeding in MFI requirements to be developed by the community. Specialists don’t stop there as many are also developing and localizing the product to fit their local market.  For all these reasons, COSM is focusing it energy on making these Specialists successful – they are the primary channel to market, the eyes and ears on the ground, and the entrepreneurial force that will help us sustainably scale.

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Announcing the Esha K Release

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Development is underway on the final major functional release on the Mifos 2.0 codebase. Since this will be the last feature development before before we transition development over to Mifos X, we wanted this to be a big release that closes many existing gaps. This is definitely the case as we’re tackling a number of areas across the product.

Esha – Our Inspirational Marie

This last major release is code-named Esha K in recognition of Esha Omar Athman, a borrower  at Fursa Leo in Mombasa, Kenya.  Esha has been a client at Fursa Leo since July 26, 2011.  In that time, she has taken out 3 business loans and has significantly expanded her business enabling her to uplift the living standards of her family through a new home, better meal, and sending her son to school.

Esha came to Fursa Leo, eight months pregnant seeking start-up capital for her failing ice cube business while her husband struggled to help them pay their bill and provide for their family.  Through Fursa Leo’s mandatory financial literacy program and graduation through three larger loan cycles, Esha has brought her humble ice cube business from failure to prosperity.

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FINA and MFC launch Mifos in Laos

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fina_mfcAnother one of the markets where Mifos has gone untouched is Laos.  FINA in coordination with the Microfinance Center of Laos is setting out to change that.  As of the Mifos 2.3 release, the software has been fully translated into Lao by FinA and MFC. Localizing Mifos into Lao is only one of the barriers that must be overcome. Kakhaber and his team are working to address the gaps to support the various forms of microfinance practiced by the MFIs, village banks, projects, and associations throughout Lao.  FINA is strongly committed to providing this region access to open source software and open access to financing resources for the poor.

To promote Mifos and help MFIs learn about the services available to them, the Mifos Lao language website has been launched at http://lao.mifos.biz. The website was designed by FINA and translated into Lao by MFC. Please visit the Mifos Lao portal for a tailored experience to learn about how FINA can support your Mifos needs in Laos.