Two days. Three continents. Twenty volunteers. One mission – 3 Billion Maries.
From the onset, a fundamental part of our product vision for Mifos X has been to be a flexible platform agnostic of any one microfinance methodology. During the Mifos Summit (more takeaways to come in a future post), a key finding that emerged was the centrality of the relationship with the client in both the data model and the platform architecture. Regardless of whatever methodology supported, relationships can be defined between the client and whatever account, entity, or structure you would like.
Gripped by a comment made by Rupal Patel on the importance of client data during our Setting the Mifos X vision, Craig came up with a quick sketch that is a good first pass at our vision for Mifos X. Client Data is at the center and the various flows of money or information that are coming in and out of the platform are clearly visualized.
Esha – Our Inspirational Marie
This last major release is code-named Esha K in recognition of Esha Omar Athman, a borrower at Fursa Leo in Mombasa, Kenya. Esha has been a client at Fursa Leo since July 26, 2011. In that time, she has taken out 3 business loans and has significantly expanded her business enabling her to uplift the living standards of her family through a new home, better meal, and sending her son to school.
Esha came to Fursa Leo, eight months pregnant seeking start-up capital for her failing ice cube business while her husband struggled to help them pay their bill and provide for their family. Through Fursa Leo’s mandatory financial literacy program and graduation through three larger loan cycles, Esha has brought her humble ice cube business from failure to prosperity.