Tuesday, September 15, 2009

Mifos

What is the Mifos Initiative?
Mifos is an industry-wide initiative to address the microfinance industry's information management challenge. Using the open source paradigm, we are creating a new service model that will increase access to technology for all microfinance institutions, ultimately enabling them to extend their reach to the world’s poor.

At the center of the initiative is the Mifos product, a freely available world-class management information system (MIS) that provides the core functionality required by microfinance institutions. The flexibility and scalability of the product means that we'll be able to simultaneously standardize common processes, accommodate regional variations, and scale for new innovations in the future.

We invite you to join with other microfinance institutions (MFIs), IT professionals, software developers, and industry leaders worldwide and become part of the Mifos community. Only with the participation and collaboration of all of us can Mifos have the truly revolutionary impact for which it has the potential.

With Mifos, the microfinance industry as a whole not only benefits from the technology, it contributes to it, improves it, and owns it.

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