On April 06, 2015 we shipped our first major release for 2015, Mifos X 15.03. With the release, we’ve adopted the new release numbering framework identified by the year-month of the date of the scheduled release. Mifos X 15.03 contained a great deal of new technical and security enhancements, functional improvements to the loans and accounting module, as well as some improved usability. OAuth 2 Support as well as stricter password configuration policies will provide more robust authentication mechanisms. Bulk Collection Sheet Entry for Individual Loans as well as Mandatory Savings accounts are not supported. The loans module now allows for fixed loan product parameters, configurable working days, multiple options for interest calculation on pre-closure, greater flexibility during the approval and disbursal process for multi-tranche loans, and improved rounding off rules for EMI repayments. For the accounting module, one can now migrate opening balances as well as configure fees to be mapped to liability accounts. Last but not least, Mifos X 15.03 now has a significant amount of context-sensitive help including tooltips and dynamic help menu links.  Please view the Mifos X 15.03 release notes for full details.

UPDATE: On May 18, 2015, we shipped the first service pack or hotfix release, Mifos 15.03.1. This released contained new functionality such as a loan products that support a compounding period that is independent from the rest frequency period, improved filtering and searchability on client/groups/center listings, and nearly three dozen bug fixes and UI enhancements. Please view the Mifos X 15.03.1 release notes for full details.

Many thanks go out to all the contributors who made this release possible – especially our core team, partners like Conflux Technologies and Musoni Services, as well as a number of new features that were worked on the high school students who participated in our Google Code-In projects.

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