We’re recognizing Gaurav Saini, from Chandigarh as our Star Contributor for December 2016. Gaurav has been one of our most active and loyal community members since he graduated from GSOC in 2014. He’s championed the evolution and developoment our Web UI since then. He’s a regular on the mailing lists, is often found speaking about Mifos around the world, and never hesitates to help the community when in need. Gaurav has had a busy 2016 – he started out presenting at TechDays in Amsterdam, mentored two projects for Google Summer of Code, helped a fellow partner in the community by doing hybrid mobile app development, continued to extend our Mifos X web app, attended ApacheCon in Seville, attended the GSOC Mentors Summit in Mountain View, served as a mentor for Google Code-In, and is helping to get our web self-service app off the ground.
We’re a little behind on recognizing Star Contributors so we’re going catch up for 2016. For November, we’re honoring Pranjal Goswami from Bangalore, India. Pranjal is one of our most gifted and talented community members and it was only in 2016 that we were finally able to get him directly involved with the community. He mentored two students for Google Summer of Code, lending his expertise and graphic design skills to assist in refactoring and re-skinning our web app and also mentoring Adhyan in building out a notifications framework for the web app. He was also chosen to attend the 2016 Google Summer of Code Mentor Summit along with Gaurav. Pranjal will be busy throughout 2017 but we look forward to making him an active contributor to the Apache Fineract community.
Pranjal Goswami – Bangalore, India
Brief Bio (in the words of Pranjal):
Currently working as Head of Product for tnpsuite.com which we ideated during graduation to streamline the process of campus placement drives in India. The platform helps colleges recognise gaps in placements using the student specific analysis.
When not in front of my laptop coding, I like spending time traveling, reading or playing sitar (an Indian classical music instrument)
Relevant Skills & Experience: Full stack developer for three years. Worked on big scale web applications built on Angular JS.
We’re recognizing Rajan Maurya, recent GSOC graduate, from Delhi as our Star Contributor. Rajan didn’t wait a moment to continue excelling as a contributor even as GSOC concluded. He has continued his development and bug fixing for the Android field officer app and has graciously helped to mentor any new contributor that has come along. He has also taken the initiative to lead the Android Self-Service App by putting in place a strong architecture and guiding fellow volunteers to contribute. It’s been a pleasure to work with Rajan to see how tirelessly he dedicates himself to the Mifos community at all hours of the night. Join us in congratulating Rajan and follow his lead so you too can be recognized as Star Contributor in an upcoming month.
Google Summer of Code has come and gone in a flash…of brilliance that is. It seems like it was only yesterday that we were flooded with applicants for GSOC – now that we’ve concluded, our seven interns did not disappoint in their contributions throughout the summer. This marked our fifth year as a mentoring organization and each year GSOC continues to unite and grow our community in different ways. Once again, we received incredibly valuable contributions to our Mifos X web and mobile clients this summer; most importantly we have cultivated numerous passionate contributors that will be a part of our community long into the future. This year’s program also taught us many valuable lessons of how we can improve our communications and collaboration to realize the full potential of each of our interns.
Before we recap the new features that the community will soon be able to benefit from, a round of thank you’s:
- Thank You to our GSOC Interns – persistence, patience, and passion were all critical factors needed along with your programming skills to help you succeed in navigating the complex FinTech domain. You have used cutting edge technologies to develop valuable innovation to help move millions out of poverty
- Thank You to our Mentors – thanks to Nayan, Ashok, Pranjal, Antony, Ayuk, Ishan and Gaurav – you are the lifeblood of GSOC – your tireless commitment, your wise advice and your visionary insight have helped shape this next generation of open source contributors. We welcomed five new mentors this year including 2 of our former GSOC participants – Ishan and Gaurav.
- Thank You to Google Open Source Programs – thanks to Stephanie, Cat, Joshua, Mary, and the entire team. Year after year, you continue to make the program more effective including the rollout of a brand new program website this year. We appreciate the attention and commitment you give to the hundreds of orgs and thousands of students you impact in so many ways.
Here’s a brief recap on what the interns worked on over the summer followed by a closing interview on their experiences over the summer.
Want to see all of the brand new features and innovation in action? Register and attend our GSOC Demo Day for a showcase of all their work via GoToTraining. GSOC Demo Day is Thursday September 15 at 1400GMT.
As we come to the end of the 2016 Google Summer of Code program, before we give you a wrap-up on all the amazing work they did throughout the summer, let’s take a look back at where they’ve come from by highlighting some of the fun facts and interesting information they shared with us at the start of the program.
This a guest post from Ayuk Etta Akum, the CEO and Founder of Skylabase which is an IT Company in Cameroon, Africa that provides technologies for financial inclusion.
A year ago, I discovered financial inclusion, the movement to end poverty in the world. Then I decided to build my company on this movement. The beauty of financial inclusion is the ability to make a very large change in the world in a very critical sector with the least technology possible. For us to embark on this journey we needed years of experience from experts and key players in this movement and we discovered this in the Mifos Initiative, a key player in the world today for the financial inclusion movement. They opened to us a door of experience to meet people with over 50 years experience in the credit union movement, finance experts, banking experts, and a complete banking engine to start from.
The hard part was for us to be open and join the movement by seriously engaging in the community, and from this came Smartfinance which is a centralized and extendable banking platform for credit unions, microfinance institutions, and banks. Our goal and vision of smartfinance is for it to be the microfinance platform for Cameroon and CEMAC region of Africa and ultimately move across Africa. Our partnership with the Mifos Initiative helped us to come out with a platform that will be the future of finance management in Cameroon and the CEMAC region in Africa. We are integrating into this platform mobile money, money transfer, USSD connectors, all the features to make Smartfinance a full-fledged banking platform while giving back to the Mifos Initiative community. Read more
Hello Mifos Community!
I’m back again with another post about yet another conference.
Over this past weekend, I was blessed with the ability to go to OSCON, an Open Source conference centered on the power that open source technology can have over a variety of industries, countries, and methodologies. From healthcare reform to open source cloud computing, this conference had an amazing variety of industries that were positively impacted by open source technology. To give you a glimpse of our weekend, I would like to both highlight a few of my favorite moments and give some insight into how the Mifos Initiative has both been a beneficiary and contributor to the open source movement.
Unlike most years, this year OSCON was held at the Austin Convention Center in Austin, Texas. Personally, I thought it was very powerful holding the conference in Austin, (a vastly different city than its predecessor Portland) as it shows how open source is now truly a national movement and is being embraced across the country, even in areas that are historically more resistant to change. With the new venue came a host of new organizations and new speakers, all with new views and stories on how open source has helped advance their respective fields in one way or another. Below are a few of our favorites:
Performance Case Study: Capital One’s quick shift from closed source to open source
This session was especially intriguing to me, as a large bank (Capital One) is finally starting to embrace the open source movement that we at the Mifos Initiative have been a part of since 2006. After the first few minutes of the session, it was easy to see the commonalities between the big banks and our open source initiative. One common thread was the idea that banks must be a technology company first. In other words, in order to be a successful organization, the bank had to produce a banking platform that was easily scalable, user-friendly, and customizable to suit client needs. Sound familiar? All of these features are what we at the Mifos Initiative hang our hat on and are what makes the open source movement so powerful. In our age of agility, scalability, and customization, big banks are beginning to realize the power that the smaller open source initiatives, like the Mifos Initiative, are starting to have on a global scale.
This session was more technical than the other sessions I went to but nevertheless fit very well with the third generation of our Mifos platform. For those of you that don’t know, the third generation of our platform encompasses taking our current MifosX platform and converting it to a series of microservices that we will containerize and navigate using a variety of cloud-based apps. So, as you can already tell, this talk directly correlated to the work we are doing in the conversion from our current Mifos X platform to the third generation of our open source platform. While I am currently on the business side of the Mifos Initiative, this talk helped me visualize how our platform will be set up at the developmental level. It was a great way to learn more about the inner workings of our platform and see how and why we are following the popular trend towards microservices and cloud-based apps.
Want students who are ready to contribute? Here’s what they should know.
As a student at the University of Washington, this session also struck very close to home for me. I’m lucky to have gotten the opportunity to intern for a great organization that works in the open source community, but not everyone is as fortunate as I am. For those that do not get exposed to the power of open source technology, how do we, as teachers and industry professionals help mold the future developers of the world? As a Google Summer of Code mentoring organization, the Mifos Initiative deals with this issue quite often. While we hope to get interns that are well equipped to take on any project we give them, we realize that not everyone is set up for success coming out of college. In order to maximize the production of these interns, we realize that we have to utilize the techniques given in the session to make sure all our students are ready to contribute right away so our projects will get done faster and more developers will be getting necessary experience to help them start their open source development careers.
In addition to the new speakers and exhibitor crowd, we were happy to see that a few members from our Mifos community made the trek from Cameroon to learn more about our organization and our industry. Among them was Nyah Check, a good friend of Ayuk the head of Skylabase Solutions, our partner organization in Cameroon working on creating a customized Mobile Wallet/Mobile Money application integration with Mifos. Nyahis currently in the States trying to learn as much as he can about open source technology from the various conferences he’s attended. He hopes to bring this knowledge back to Cameroon so he can build on top of the Mifos banking platform to give needed support to his community back home. He is truly an inspiration to everyone at Mifos and is living proof of just one of the millions of people that we have reached through our open source banking platform.
To wrap up, I would just like to say a quick thank you to our very own director Director of Community Programs, Ed Cable. It was a pleasure running the booth with you and I had a great OSCON experience. I look forward to many more exciting adventures with the Mifos Initiaitive over the summer!
4th Generation Mifos Intern
Google Summer of Code 2016 is officially underway. GSOC is now in its 12th year and we’re proud to be participating in GSOC once again for the third time as the Mifos Initiative and the fifth year overall. This year was our most selective year ever with an acceptance rate of 6.08%. We received 115 proposals and had to choose amongst many exceptional candidates to allocate our seven slots. Selecting our top candidates that balanced with the highest priority needs of our community was a difficult process but we’re delighted to be working with a stellar team of interns from three continents who will be working on mobile apps, our community app, and new modules and integrations.
On the mobile front, Vishwajeet will be building out our first client-facing app – an Android self-service banking app. Rajan will be evolving our Android field operations app to Version 3.0. Our community app won’t be recognizable after this summer with Duplex working on refactoring and re-skinning it, Mohit adding in browser-based offline access and Adhyan adding in actionable notifications and status alerts. On top of the Fineract platform, Daniel will be adding in a module for mobile money integration and Nikhil working on credit bureau integration.
Given we had to be so selective and turn away so many candidates who had impressive applications and meaningful contributions, we’re pushing to run our own Mifos Summer of Code in parallel. We are launching a crowdfunding campaign to raise money to provide stipends to the students we couldn’t choose but have high-priority projects along with seasoned mentors ready to guide them. Stay tuned for more on Mifos Summer of Code.
Our Google Summer of Code students started their first day of coding on Monday so please welcome them and send a word of encouragement to our mailing lists. As we do each year, here’s a brief intro on each of our interns and stay tuned for a follow-up post with some fun facts on each of them.
|Duplex Kamdjou – Cameroon
||Mohit Bajoria – India
||Adhyan Srivastava – India
||Vishwajeet Srivastava – India
|Rajan Maurya – India
||Daniel Carlson – Cameroon
||Nikhil Pawar – USA
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
On April 06, 2015 we shipped our first major release for 2015, Mifos X 15.03. With the release, we’ve adopted the new release numbering framework identified by the year-month of the date of the scheduled release. Mifos X 15.03 contained a great deal of new technical and security enhancements, functional improvements to the loans and accounting module, as well as some improved usability. OAuth 2 Support as well as stricter password configuration policies will provide more robust authentication mechanisms. Bulk Collection Sheet Entry for Individual Loans as well as Mandatory Savings accounts are not supported. The loans module now allows for fixed loan product parameters, configurable working days, multiple options for interest calculation on pre-closure, greater flexibility during the approval and disbursal process for multi-tranche loans, and improved rounding off rules for EMI repayments. For the accounting module, one can now migrate opening balances as well as configure fees to be mapped to liability accounts. Last but not least, Mifos X 15.03 now has a significant amount of context-sensitive help including tooltips and dynamic help menu links. Please view the Mifos X 15.03 release notes for full details.
UPDATE: On May 18, 2015, we shipped the first service pack or hotfix release, Mifos 15.03.1. This released contained new functionality such as a loan products that support a compounding period that is independent from the rest frequency period, improved filtering and searchability on client/groups/center listings, and nearly three dozen bug fixes and UI enhancements. Please view the Mifos X 15.03.1 release notes for full details.
Many thanks go out to all the contributors who made this release possible – especially our core team, partners like Conflux Technologies and Musoni Services, as well as a number of new features that were worked on the high school students who participated in our Google Code-In projects.
WEBINAR: Friday August 9 1400GMT - Digital Transformation: Demo of Payment Hub & API Gateway funded by DIAL - mailchi.mp/mifos/mifos-partner…