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Three Countries. Three Conferences. One Common Theme.

Now that the team has safely returned from travel to our three events – our presence at each one has confirmed that our next generation Mifos architecture is the right solution that is needed to guide the world towards Financial Inclusion 2.0. Each stakeholder is ready for this new era – partners building solutions, financial service providers needing greater efficiency to reach their clients, regulators seeking stability and control, and investors seeking transparency and impact.

At TechDays in Amsterdam, the need for the 3rd Generation of Mifos was confirmed by partners new and old. The growth of our partners like Musoni Services and Conflux Technologies showed that they’re reaching a critical point of scale where a new lightweight, cloud-native, and highly scalable architecture is needed. The direct presence of brand new partners confirmed that we are the innovation that powers innovators and that each day new partners are coming our way to build apps that are mobile-first and cloud-enabled.

At the 18th Microcredit Summit in Abu Dhabi, we confirmed the opportunity to set a standard for innovation and be the driving force behind Financial Inclusion 2.0.  The entire industry as a whole is aligning for this to be a reality – financial inclusion providers are ready to go digital and recognize its benefits, national regulators are fostering and advancing an enabling ecosystem, and the technology has evolved with unparalleled computing power available at low cost.

At the Global Microfinance Forum in Berlin, the focus was on investors but they all echoed the pain we’re addressing: costs are too high, access is too hard, innovation is too slow and change is needed. When they gave case studies on examples of successful innovation, they highlighted Musoni Services, one of our gold platform partners that is powered by Mifos X. Meeting these investors and apex organizations was great validation that we are the innovation that powers the innovators.

Craig and Markus will be providing more detailed recaps of our TechDays and the Global Microfinance Forum so I’ll give a more detailed recap on the Microcredit Summit in Abu Dhabi. Read more

Mifos at the Microcredit Summit for the First Time

Mifos Initiative is honored to be a part of the 18th Microcredit Summit in Abu Dhabi. With its theme of Frontier Innovations for Financial Inclusion, it was the perfect time for us to attend and tell the world our story and journey of transformation since we emerged from the Grameen Foundation. We have been a technology pioneer for microfinance, then financial inclusion, and how will the lead way for Financial Inclusion 2.0.

This is personally my first time at a Microcredit Summit event and of course the venue, the Etihad Towers at Jumeirah is impressive but the buzz and energy of 1000 delegates from 60 different countries is indescribable. Read more

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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