Updated: 9/30/2006; 9:57:37 PM.

Digital Development
Communications and info tech in developing countries, especially wireless broadband and high-value applications

daily link  Tuesday, September 12, 2006

Mifos: Grameen Foundation USA is sponsoring teh open-source development of an ambitious system for microfinance management.  "Mifos is a universal, flexible and scalable software platform for information management for the global microfinance community. Microfinance Institutions (MFIs) will use Mifos as their base operational software to administer their client accounts and financial portfolio. Loan officers will use it to create loans as well as savings, insurance and other financial services. Mifos will be used to record all transactions. It will manage the user and client database, define the products, and create reports for internal use and outside reporting to regulators, funders and supporters. Finally, it will include surveys to help measure the social impact of the MFI operation."  6:13:57 PM  permalink  

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Copyright 2006 © Ken Novak.
Last update: 9/30/2006; 9:57:37 PM.