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Join nearly 208 million credit union members in 103 countries who recognize and celebrate the credit union difference by taking a moment to reflect on the financial co-operatives history and to ponder its achievements.
International Credit Union (ICU) Day® has been celebrated on the third Thursday of October since 1948. The day is recognized to honor those who have dedicated their lives to financial inclusion, recognize the hard work of those working in the credit union / SACCO / Co-Operative community and show members appreciation.
This year’s ICU Day will take place on Oct. 16, 2014. Its theme, “Local Service. Global Good,” emphasizes credit unions’ positive impact in their communities and around the world.
Video from Vishwas’ talk on AngularJS at the 2014 OSCON in Portland has now been uploaded. For more on Vishwas’ talk and our booth educating the open source world on technology for financial inclusion, see our OSCON blog post.
|2013 Mifos Summit – Site Visits (Ed Cable)
Mifos Summit 2013 – George Lteif (on Facebook)
|Summit – Sughosh
A quick post to let the community know the summit has begun. We’re only one day in but already we’ve grown incredibly from our inaugural summit in Bangalore last year. Amit has helped us pick an amazing world-class venue that we’ve filled to capacity – the comfort, cuisine, and hospitality are unmatched. We’ve nearly doubled the number of attendees with more than 75 including so many first time attendees and brand new members of the community. We have also more than doubled the amount of content in our agenda – and even stayed on schedule for the most part of Day 1 until the final day’s session ran long.
Two days. Three continents. Twenty volunteers. One mission – 3 Billion Maries.
From the onset, a fundamental part of our product vision for Mifos X has been to be a flexible platform agnostic of any one microfinance methodology. During the Mifos Summit (more takeaways to come in a future post), a key finding that emerged was the centrality of the relationship with the client in both the data model and the platform architecture. Regardless of whatever methodology supported, relationships can be defined between the client and whatever account, entity, or structure you would like.
Gripped by a comment made by Rupal Patel on the importance of client data during our Setting the Mifos X vision, Craig came up with a quick sketch that is a good first pass at our vision for Mifos X. Client Data is at the center and the various flows of money or information that are coming in and out of the platform are clearly visualized.
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.