Quipu Technology leads first Mifos Deployment in Latin America

Latin America is home to one of the most vibrant and mature microfinance sectors in the world. Many MFIs could benefit from our technology and we could learn from the many pioneering MFIs throughout the region. Unfortunately because of language barriers in both our documentation and virtual community collaboration, the Mifos presence in Latin America has been limited to date. That is beginning to change as Quipu Technology and other service providers expand throughout the region.

Quipu Technology recently went live with the first Mifos deployment in Latin America at Fundación Inversión y Cooperación.  Under the umbrella of “Qloud Inclusion” concept for an “Integral Vision of Microfinance for Social Inclusion”, Mr. Oswaldo Lechuga, General Manager of Quipu, is looking to expand across Peru and deliver technology and consulting services throughout Latin America – we’ll detail their plans in a future post with more on Quipu Technology. Oswaldo Lechuga and Milagros Mendoza recounted their experiences deploying Mifos at Fundación I y C in the questions below.

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Mifos 2.4 (Vinolia I) is Live!

Since the community has transitioned in leadership from Grameen Foundation to the Community for Open Source Microfinance, we’ve been pushing full speed ahead on development driven by user feedback. Mifos 2.4 (Vinolia I) directly responds to this feedback, aiming to solve the major pains felt by the community and to take Mifos one step further in ease of use and going hand-in-hand with your business processes.

SolDevelo has been the guiding force behind ongoing development and once again has done a stellar job, shipping another timely release, stewarding community contributions, and developing long-requested new features.  When we’ve asked you what causes the most pain in Mifos – the answer is almost always reporting or accounting integration.  This release addresses those critical gaps by embedding Pentaho reporting directly in Mifos and including an integrated module for simple accounting support. Mifos 2.4 also smoothes out other core functionality through streamlining mobile money integration with KopoKopo, strengthening the loan workflow, increasing efficiency through support for transfers, improve handling of GLIM loans, and better control over historical transactions. Here’s a quick list of the major features with a detailed overview and screenshots of each feature.

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Outreach on the Ground – May 2012

Head over to the COSM blog for this past month’s Outreach on the Ground blog series. For May, we’re featuring stories exploring the theme of product and service development.  MFIs have a myriad ways towards delivering financial services to the poor.  We’d like to share details on the approaches of various Mifos users:

  • Housing and Water Purifier Loans at Grameen Koota
  • Transitioning to the MwaK program at Nuru
  • A Closer Look at Lumana – Rainmakers interview with Sammie Rayner
  • Missions of Hope International funding entrepreneurship through coffee

Specialist Spotlight: Hugo Technologies

This month we want to bring attention to the strong work that Hugo Technologies is doing in the Mifos community. They are supporting Mifos customers and building new functionality not only in India but in multiple continents around the world. This post is part of the regular blog series, Specialist Spotlight, on the COSM blog that will shine the light on some of our top Specialists. Not only do we want to recognize them for their accomplishments, we want others to learn from the approach they’ve taken to promote and implement Mifos. Mifos Specialists are one of the most crucial links in our community – they are the driving force that is promoting and supporting Mifos worldwide.

Head over to the COSM blog to read about Hugo Technologies and their global push.

Star Contributor of the Month – Chetan Bekkinkeri

For the month of March 2012 and in honor of National Volunteer Week, we’re recognizing Chetan Bekkinkeri who has been leading product management and requirements gathering for our community over the past several months. For the past couple years Chetan has been part of the SunGard team contributing to Mifos in various ways; when we asked him to step into the role as product management lead for the community he did so with great energy. Keep contributing so we can shine the spotlight on you!

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Mifos X – The Next Generation

Fresh off the recent Margaret H release, we’ve published the product roadmap for 2012. SolDevelo will be leading the community as it develops new functionality and extends the reporting and accounting capabilities for the upcoming year.  With current development plans squared away, I wanted to share with you what’s in store for the future. Our vision for Mifos is to be the operational platform to deliver financial services to the poor – whatever your methodology, however you reach your clients, we want to be the lightweight technology powering your outreach.

 I sat down with the leads for our community architecture team, Keith and John Woodlock, to discuss with them the Mifos X project, the long-term development initiative that will provide the community a revamped platform for scale and extensibility.

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Announcing the Vinolia I Release and 2012 Product Roadmap

We are pleased to announce the 2012 Product Roadmap including our next major upcoming release of Mifos, Vinolia I.  Vinolia is a member of Lumana Credit in Atorkor, Ghana. With access to credit and entrepreneurial training from their staff, she is increasing her income and improving the lives of her seven children.

Vinolia has been a fish monger her enter life and has been using her loan from Lumana to supplement her income and expand her business to selling spicy porridge.  Unfortunately Vinolia recently lost her entire house including her savings and loan passbook to a fire.  With up to date records in Mifos and utilizing the notes field in her client profile, Lumana was able to craft a flexible approach to disaster relief and repayment for Vinolia.  Lumana’s outreach is focused on rural women in Ghana – they are looking forward to continued enhancements on the way in Mifos improving ability to survey and capture information through mobile devices.

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Aligning Volunteer Passion with User Pain

4549865709_0c58f4c739_bHead on over to the Community for Open Source Microfinance blog for a post on how we’re trying to help channel the passion and talents of our volunteers to solve the needs and pains of our users. We recently published the process for requesting new features and voting on suggestions to make their way into the product roadmap.  The product roadmap is what guides our volunteer contributors and we want it be user-driven so they can provide new features that directly meet your business requirements. Our Community Feature Requests Dashboard captures all feature requests that have come in and provides a visual glimpse of how the product management team prioritizes your feedback.

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Announcing the Margaret H Release

Following the transition of Mifos from the Grameen Foundation, we’re pleased to announce the first major release of Mifos fully supported by community members.  This release will be code-named Margaret H in recognition of Margaret Matinde, one of the many women that Nuru Kenya has been empowering to rise up from extreme poverty.

Margaret Matinde has been a Nuru client for three years. Throughout this time, Nuru gave her the ability to save and the opportunity to take out a loan to start a successful restaurant business. Now instead of struggling to provide for her children, she can send them to school and focus on building their future. For the past year and a half, Nuru has been using Mifos to administer loans and savings accounts to clients like Margaret through their Community Economic Development program.  Rebecca Herrington and her team have been an active and engaged community member throughout the transition.

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Star Contributor of the Month – Lukasz Chudy

For the month of January 2012, we’re showcasing Lukasz Chudy, one of the many Lukasz’ at SolDevelo. Lukasz has stepped up to lead QA in the community during the recent transition of Mifos. You can find Lukasz on JIRA helping to orchestrate many a smooth release and strengthening the quality of Mifos so it MFIs can better serve the poor. 

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