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2014 Mifos Annual Report

2014 was a breakthrough year for our community as the Mifos X platform established a foothold around the globe and we proved that a platform-centric and partner-driven approach can achieve tremendous scale and impact. Take a few moments to look back at the major milestones from the past year and all the community members who made these accomplishments possible.

At a glance in 2014

  • 2.6 million clients were reached by 110 financial institutions supported by 40 local tech partners across 33 different countries.
  • 80,000,000 transactions were processed on the platform with more than $791,000,000 in loans being managed.
  • 11,630 downloads of our software from 150 countries

100 Million Project: Our Commitment to Social Performance Management

We’re honored to have been invited to participate in the Microcredit Summit Campaign’s 100 Million Project to end extreme poverty. Our commitment centers around the PPI in both our pledge to have it fully integrated within the platform for both recording and reporting on the scorecards as well as adoption of the PPI through our customer and our partners. We want to take the PPI and Social Performance Management much further than we have before – making it its own module in the platform with not only the ability to capture scorecards but to sample, target, and benchmark that SPM to provide actionable results.
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We also don’t want PPI just to be another feature in the software and part of our commitments is to ensure adoption amongst our community. We stand ready to help at least half a dozen Mifos customers adopt the PPI in 2015 as well as getting three of our partner fully trained to implement the PPI and roll out a social performance management framework.

As part of announcing our commitment for 2015, we’ll be hosting an e-workshop led by the Microcredit Summit Campaign on February 19th at 1600GMT. Our workshop will focus on why the financial inclusion sector needs to embrace open platforms to reach it’s full potential. We’ll speak to the benefits of open technology, open business models and how we are using community-driven development and support to scale financial inclusion. This e-workshop will feature some of our standout community members including Craig Chelius, our Executive Director, volunteer Markus Geiss, and Cameron Goldie-Scot of Musoni Services.

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Mifos OSCON Recap

oscon2014_logoIt’s become an annual tradition for our Mifos team to gather in Portland for a week of reaching out to new contributors and immersing ourselves in the latest in open source technology and communities at OSCON. This year we had a busy week with the Community Leadership Summit, our quarterly Mifos Initiative board meeting, an exhibition booth in the non-profit pavilion and a speaking slot on the Business and Javascript tracks at OSCON.

Once again throughout the hallways and in our conference booth, our initiative was very well-received. In general, the sector is  familiar with microfinance and their curiosity is piqued when they discover our initiative, an open source platform for delivering financial services to the poor. This year I noted a larger presence of financial services people more heavily involved in open source, including regulators, payments providers, and those involved in alternative currencies like Bitcoin. We are interested in bringing to bear their skills in both open source technology and financial services.

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