Tag Archive for: product

COSM ships Mifos X Platform 1.0

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Mifos X Platform 1.0 is the first official release of the completely re-architected and re-written codebase that the Community for Open Source Microfinance has been working on since the transition of Mifos from the Grameen Foundation. As the next generation of the Mifos software, we are building off of everything we learned as the industry’s first web-based and open source software. We’re pleased to release the first open source platform for technology-enabled financial inclusion.

The Mifos X Platform is at the forefront of COSM’s strategy to scale Mifos through a community-driven development model and a network of local Specialists all contributing to a global cycle of innovation.

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Announcing the Vinolia I Release and 2012 Product Roadmap

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We are pleased to announce the 2012 Product Roadmap including our next major upcoming release of Mifos, Vinolia I.  Vinolia is a member of Lumana Credit in Atorkor, Ghana. With access to credit and entrepreneurial training from their staff, she is increasing her income and improving the lives of her seven children.

Vinolia has been a fish monger her enter life and has been using her loan from Lumana to supplement her income and expand her business to selling spicy porridge.  Unfortunately Vinolia recently lost her entire house including her savings and loan passbook to a fire.  With up to date records in Mifos and utilizing the notes field in her client profile, Lumana was able to craft a flexible approach to disaster relief and repayment for Vinolia.  Lumana’s outreach is focused on rural women in Ghana – they are looking forward to continued enhancements on the way in Mifos improving ability to survey and capture information through mobile devices.

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Announcing the Margaret H Release

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Following the transition of Mifos from the Grameen Foundation, we’re pleased to announce the first major release of Mifos fully supported by community members.  This release will be code-named Margaret H in recognition of Margaret Matinde, one of the many women that Nuru Kenya has been empowering to rise up from extreme poverty.

Margaret Matinde has been a Nuru client for three years. Throughout this time, Nuru gave her the ability to save and the opportunity to take out a loan to start a successful restaurant business. Now instead of struggling to provide for her children, she can send them to school and focus on building their future. For the past year and a half, Nuru has been using Mifos to administer loans and savings accounts to clients like Margaret through their Community Economic Development program.  Rebecca Herrington and her team have been an active and engaged community member throughout the transition.

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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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