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ThitsaWorks Hosts Fintech Workshop for Myanmar

The following is a guest post from May Thu Myint, Communications Officer of ThitsaWorks, Inc. I had the pleasure of attending and speaking at their workshop which was attended by more than 160 individuals and 17 different media outlets!

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On Monday March 13, ThitsaWorks held an event in Yangon titled ‘Fintech for Myanmar’s Financial Sector: How to Grow and Manage Risk in Microfinance by Leveraging Technologies’. Held at the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), the event was well attended and brought together people from the microfinance and banking sector of Myanmar, technology providers and media. The opening remarks were given by Dr. Maung Maung Lay, the vice-President of UMFCCI.

Then Nyi Nyein Aye, the CEO of ThitsaWorks, gave a presentation on ThitsaWorks, as well as the microfinance landscape in Myanmar. According to Nyi, with a high mobile penetration rate and 70% of population living in rural area in Myanmar, digital financial services are key to financial inclusion. The estimates show that the demand for credit is four times that of current supply and there is a huge potential for MFIs to grow.

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Google Summer of Code 2017 – End Poverty. One Line of Code at a Time.

gsoc2016-sun-373x373This summer you’ll have the ability to change lives – three billion of them – one line of code at a time. The Mifos Initiative will be participating in Google Summer of Code for the sixth time. Mifos X is an open source technology platform power by Apache Fineract for enabling financial inclusion to the poor. Google Summer of Code is a global program sponsored by Google that offers students stipends to write code for open source projects.  Students accepted to the program will spend their summers coding from May 30 to August 29th and upon successful evaluation, receive a stipend provided by Google. For full details on GSoC, read the FAQ and browse the program timeline – student applications are open from now through April 03! You can apply from our organization page.

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Mifos Android Client Version 3.0 Now Available on Google Play

Screenshot_20170302-001322We’re happy to announce that our latest version of the Mifos X Android Field Officer App is now available on the Google Play store. This release is a culmination of the efforts of many volunteers and interns over the past year and a half but couldn’t have been possible without the leadership and dedication of Rajan Maurya. He poured his heart into refactoring the codebase and implementing offline functionality during Google Summer of Code and has continued that dedication since then. Through all hours of the night, he’s been continuing to add new features and fix bugs to get this release out to the community.

Work has not stopped as we have a ton of ongoing functionality to add that we’re targeting as a 2017 GSOC Project for Android Field Officer App Version 4.0

Read on for a deep dive on each of the new features but here’s a small snapshot of all the new functionality in Version 3.0:

Technical Enhancements

  • Implementation of Material Design (Thanks to Olya Fomenko!)
  • Refactoring into MVP architecture for improved performance

Functional Enhancements

  • Create center new groups & centers
  • Improved navigation & advanced search
  • Open, approve, and disburse new loan & savings accounts
  • Attach documents to loan & savings accounts.
  • Offline Data Collection & Synchronization
    • Synchronize clients and groups for offline data entry
    • Enter repayments, deposits, and withdrawals while offline
    • Create new clients, loans & savings accounts while offline
  • GIS Features
    • Pinpoint client GPS location
    • Track route of field officer

Thanks to the Contributors

Thank you to all of the following contributors who made this release possible: Rajan Maurya, Ishan Khanna, Olya Fomenko, Mayank Jindal, Tarun Mudgal, Ahmed Fathy, Nelly Kiboi, Illia Andrieiev, Padmal, Vishwajeet Srivastava, Nasim Banu, Chhavi Gupta, İhsan Işık, Vatsal Bajpai, Alex Chege, Justin Du, Prempal Singh, Rowland Oti, Siddhant Kumar Patel, Suhaib Khan, Chashmeet Singh, Ashutosh Dadhich, Aashir Shukla, R Harikrishnan, and Vishwesh Jainkuniya.

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