Grameen Foundation’s global network empowers the world’s poorest people, mostly women, to lift themselves out of poverty through microfinance, a proven poverty reducing strategy. Using tiny collateral-free loans (often less than $200) and other financial services, microfinance clients build small enterprises and new futures for their families. Since 1997, the GF network of microfinance institutions (MFIs) has impacted an estimated 16 million lives in 23 countries across Africa, the Americas, Asia, and the Middle East.  For more information on Grameen Foundation, visit www.grameenfoundation.org.

Mifos was launched in 2006 by the Grameen Technology Center, which is dedicated to helping microfinance reach its full potential by driving industry-changing innovations that increase the efficiency of MFI operations, create new microbusiness opportunities for the poor, and provide telecommunications access for the world’s rural poor.

Grameen Foundation is providing the initial leadership and investment for Mifos. However, Grameen Foundation is committed to making Mifos an industry-wide initiative. Only with the participation and collaboration of all the stakeholders in the microfinance community can Mifos fulfill its potential. Ultimately, Mifos will be self-sustaining and managed by those who benefit the most from it. Grameen invites anyone who is interested in playing a guiding role in the development of Mifos to email us at mifos@grameenfoundation.org.