Tag Archive for: Mifos

Quipu Technology leads first Mifos Deployment in Latin America

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Latin America is home to one of the most vibrant and mature microfinance sectors in the world. Many MFIs could benefit from our technology and we could learn from the many pioneering MFIs throughout the region. Unfortunately because of language barriers in both our documentation and virtual community collaboration, the Mifos presence in Latin America has been limited to date. That is beginning to change as Quipu Technology and other service providers expand throughout the region.

Quipu Technology recently went live with the first Mifos deployment in Latin America at Fundación Inversión y Cooperación.  Under the umbrella of “Qloud Inclusion” concept for an “Integral Vision of Microfinance for Social Inclusion”, Mr. Oswaldo Lechuga, General Manager of Quipu, is looking to expand across Peru and deliver technology and consulting services throughout Latin America – we’ll detail their plans in a future post with more on Quipu Technology. Oswaldo Lechuga and Milagros Mendoza recounted their experiences deploying Mifos at Fundación I y C in the questions below.

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Outreach on the Ground – May 2012

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Head over to the COSM blog for this past month’s Outreach on the Ground blog series. For May, we’re featuring stories exploring the theme of product and service development.  MFIs have a myriad ways towards delivering financial services to the poor.  We’d like to share details on the approaches of various Mifos users:

  • Housing and Water Purifier Loans at Grameen Koota
  • Transitioning to the MwaK program at Nuru
  • A Closer Look at Lumana – Rainmakers interview with Sammie Rayner
  • Missions of Hope International funding entrepreneurship through coffee

Mifos 2.2.2 Ships

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SolDevelo released Mifos 2.2.2 on November 30, 2011. This release contains more than 20 bug fixes, a new German translation, support for adding question groups to the close savings/loan account workflow, and completion of the first set of APIs for Mifos.

SolDevelo’s inclusion of these additional APIs completes the REST API Module for all read/view functionality. This means that you can now build an external client/app/module that calls and reads anything from Mifos (i.e. viewing clients, groups, centers, accounts, repayment schedules).  SolDevelo used these APIs as the foundation for the first version of their Mifos Android Client which is available for download in the Android Market. Conflux Technologies and Udai Gupta are also using these APIs as they proceed on their offline client which is being developed as a Chrome Browser Extension.

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Passing the Torch – Community Ships First Release Post-Transition

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Grameen Foundation is pleased to announce the release of Mifos 2.2.1 which has been fully developed and supported by the SolDevelo team, Udai Gupta, and other members of the community. Major enhancements include the first API module in Mifos, the ability to attach client photos, the flexibility to edit client date of birth and center, a new Telugu translation, and numerous bug fixes. Beyond the new functionality and the API module that’s been launched, what’s most important is this is the first Mifos release that’s been purely supported and developed by the community independent of Grameen Foundation.

We are thrilled by the community support for this release.  This is a significant release functionally and architecturally and marks a major step in the transition of Mifos from Grameen Foundation to the community.

Rather than simply list off features let’s look at what this release means for the community.

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Mifos 2.1.6 Released & SolDevelo to Extend Mifos 2.2

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This past week, we released the latest hotfix, Mifos 2.1.6. This hotfix release includes the following fixes:

  • Stack trace appears is no longer appearing after submitting Question Groups with response which has more than 200 characters
  • Client details page are no longer loading too slowly for some MFIs

Click here to download and view documentation. A full list of the of issues fixed can be found here: http://tinyurl.com/427kfya  and in the release notes: http://tinyurl.com/43sga7p

Please note the upgrade instructions as well when upgrading to this release.

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Profamilia Goes Live with Mifos in Mozambique

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IMG-20110808-00006Great news from Mozambique as we have another Mifos deployment live and another Mifos user to welcome to the community.  Miguel and Natu from Iniciativa Mifos Moçambique just finished implementing Mifos at Profamilia Moçambique.  Miguel is leading efforts to promote and distribute Mifos all throughout Southern Africa – his team has successfully brought the Mifos technology to Associação Progresso in Cabo Delgado, Mozambique and to Kongalend Financial Services in Namibia. Beyond Mozambique, their team is seeking out additional Mifos users to add to the community in Zambia and Cape Verde.

Profamilia Moçambique’s microfinance operations serve the province of Inhambane, benefiting the populations of the districts of Inhambane, Zavala, Inharime, Morrumbene through the provision of more inclusive financial services. They target their solidarity group loans at low income customers, particularly women.

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SunGard Releases Data Migration Toolkit

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The Mifos Data migration toolkit developed by the SunGard Mifos team is now available as a Beta release. The Mifos data migration toolkit can be used to migrate legacy system data into Mifos for MFIs running a Windows environment.

This tool will help Mifos Specialists reduced the time to deploy Mifos. Through the convenient upload of an Excel spreadsheet via the data migration tool, they can more efficiently migrate historical loan and client data.  The tool will map the data according to your general ledger accounts and specified Mifos configuration.  Currently the Data Migration Toolkit has been tested for Mifos version 2.1 and covers the following functions:

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Mifos 2.1.5 Released

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This past week, we released the latest hotfix, Mifos 2.1.5. This hotfix includes the following fixes and enhancements:

  • Changes to mandatory savings amounts are now accurately reflected in the UI and appear correctly in the collection sheet report
  • Issues/withdrawals amount is now displaying correctly in the collection sheet entry pipeline
  • Improvements to Question Group query to improve loading speeds of center, group, and client pages
  • Improvements to the batch job that generates meetings for savings
  • Ensuring that removed fees no longer show on the ‘Review installments’ and ‘Preview Loan account information’ pages
  • Fixed for collection sheet error: “The amount specified for <Loan product> of customer <customer name> is invalid. Please specify valid amount.”

MFIs on the latest codebase should upgrade to this new version. Please view the release notes for a full list of issues fixed. Follow the upgrade instructions for a smooth upgrade.

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Documenting Technology Impact: Mifos ROI Model and Case Studies

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Report examining the technology return on investment (ROI) realized by deploying Mifos® including a hands-on ROI tool and three in-depth case studies documenting technology ROI at four MFIs.

Technology is critical in building strong organizations that can respond nimbly to changes. It is especially important in the microfinance industry, which has grown rapidly over the past decade to serve more than 190 million people globally.  This series, undertaken through a partnership between The MasterCard Foundation and Grameen Foundation, examines the cost benefits realized by deploying Mifos® at four microfinance institutions and is a step in advancing knowledge about deploying a management information system at microfinance institutions using diverse operating models.

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SolDevelo: Nimble Java Ninjas Fighting Poverty from Poland

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soldevelo_1200We want to take the chance to highlight one of the top contributors to our community, SolDevelo, based in Gdynia, Poland. They are a telling example that no matter where you are located in the world, you can play your part towards creating a world of 3 Billion Maries.

Finding talented Java developers is always a challenge, especially given the complex business requirements that Mifos supports. Yet our team is always impressed that whatever project we send to SolDevelo, they quickly and thoroughly deliver a solution of superb quality.  Their nimble team is always up to the challenge, ready and willing to work on new features, fixing bugs, building reports, quality assurance – whatever our users need for a better product. Many thanks to Jakub for writing this post to highlight his team and the work they’ve done on the Mifos project.

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