MIFOS COMMUNITY EDITION UNLOCKING THE POTENTIAL OF MICROFINANCE
Why Mifos?o Improve Information M anagement
Who’s Guiding Mifos? o Industry-wide Initiative lead by
Grameen Foundation
What is Mifoso Progress of Initiativeo Product Overview
Driving Impacto M ifos A dvantageso Customer Case S tudies
Take A ction
Presentation Overview
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A web-based management information system (MIS) leveraging a centralized open source
technology platform to provide MFIs real-time information, flexible operations, and the
robust capacity to scale upward and outward.
Improving Information Management
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Opportunity Creation: Growth in client base
Rapid product expansion
Growth in share of client
Deeper insight in operations, clients
Improved social measurement
Cost Containment: Reduced time in loan processing
More efficient client acquisition
Greater control through audit tracking
Seamless information sharing
Immediate impact on operating
efficiencies
Long term impact on scale and
client retention
2008 Grameen Foundation – A ll Rights Reserved 4
Guided by Grameen Foundation» Founded in 1997 to accelerate impact of microfinance» Aided more than 45 million people across 28 countries» Global network of 58 MFI partners
Headquarters: Washington, DCTechnology Center: Seattle, WAAsia Offices: Philippines, Hong Kong, Indonesia
MIFOSMIFOS
» Launched in 2006 at Global Microcredit Summit» Built based on feedback of Partner MFI network» UI designed and tested by experts from Stanford
2008 Grameen Foundation – All Rights Reserved 5
Mifos Progress
Grameen KootaBangalore, India250,000 Clients
JitegemeaNairobi, Kenya5,000 clients
EndaTunis, Tunisia100,000 clients
Mifos Customers
SECDEPiloilo, PH7,000 clients
Mifos HQ
Open Source MIS Initiative launched by Grameen Foundation in Nov 2006
Current Release – Mifos 1.2.2 Lighthouse MFIs serving 350,000+ globally
Mifos On-Demand Regional Focus for 2009 - Philippines
KEEFNairobi, Kenya7,000 clients
Ajase MF BankAbuja, Nigeria6,000 clients
SEM FundSenegal2,000 clients
ASOMIAssam, India30,000 clientsAdhikar
Orissa, India65,000 clients
Grameen Foundation HQ
AAP - Ghana300 clients
In Production In Deployment
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Enterprise MIS
Secure, Web Based Platform
Inte
grat
ion
to A
ccou
ntin
g.
Dev
ices
, Oth
er S
yste
ms
Business Intelligence
Centralized MIS Platform
Client Mgmt
ProductMgmt
PortfolioMgmt
Social Impact
Tracking
Security & Risk Mgmt
Business Reporting
Scalable open technology
Mifos Review (7/08)
+ Very flexible and customizable
+ Open source concept is beneficial to add new functionality and innovation
+ Future of this product looks promising
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Local Ecosystem, Global Community
Open Source Community
Local Support Ecosystem
Mifos Specialists
Networks & Associations
Technology InnovatorsIT Firms
Volunteer Open Source Developers
Support
Innovation
MIFOS MIS Platform
Technical Support Representatives
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Mifos Offerings
Local Mifos specialists, regional experts
Consulting Services Implementation On-site support Data migration Capacity building
Innovation Services Custom development Localization& adaptation Front-end technologies Accounting Integration
A variety of support and services
Consulting Services Implementation Training/workshops Data migration Reporting, data mining Custom development Process optimization IT strategy & planning
9M
8M
7M
6M
5M
4M
3M
2M
1M
Champion ChampionIR Model IR Model
8.6M
7.3M
3.3M
$2.9MGain
$1.3MGain
$4.2MTotal
Professional Services
Specialist Network
$ $ $ $$ $ $ $
MIS platform for on premise
Open Source Community Online resources User support forums Regional knowledge sharing Community innovation Open documentation Reports repository Community-driven roadmap
Mifos Community Edition
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Unparalleled Ease of Use
Familiar Web Interface Powerful Search Performance Dashboard Workflow Management Greater user acceptance
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Strong Operational Management
Streamlined Work Processing
Rapid Product Execution
Rich Client Information
Flexible product definition Configurable workflow & provisioning
Bulk data entry, loan creation and approval Exception-based data entry
User-defined surveys Custom fields for specific data capture
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In Depth Business Insight
Comprehensive Reporting
Social Performance Measurement
Centralized reporting for rapid insight across the organization Create user-defined reports with no code-level modifications
Greater transparency & strategic planning Regulatory compliance with BSP & donors/funders Better operational and product planning
Integrated Progress out of Poverty Index (PPI) Generate reports off data from attached PPI & client surveys
Monitor your clients’ progress out of poverty Tailored services that deliver true social impact Help clients target services that help them rise out of poverty
Visit www.progressoutofpoverty.org to learn more.
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Key Capabilities
Creating Business Value
Benefits
Centralized reporting & analytics
Workflow and bulk entry
Flexible product definition
Social Measurement (PPI)
Highly secure, web-based
Modern, web-based scalable
Access to external services through open community
Better decision making, transparency
Greater operational efficiency
Agile response to market conditions
Accurate tracking of social impact
Higher quality of data
Short and long term cost savings
Less technical burden
Investment scales with your business
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Multiplier on Your Investment
Flexible & Open APIsCo
nfig
urat
ion
Centralized database
Reporting engine
Financial Modules Mifos Core
Regulatory Compliance
Mob
ile In
terf
aces
Data Analytics
Open Mifos Architecture
MFIs
Front-End Technologies Mobile banking Smartcard/POS devices
Systems Integration ERP & Accounting Software HR Systems
Regulatory Compliance Central Banks Credit Bureaus Ratings Agencies/Regulators
Service Innovation ATM/SWIFT Networks Remittances Insurance
Transparency Donors/Funding Sources Social performance measurement
Adapted to your Needs Localization Rapid product configuration
As part of an open source platform, access widespread innovation as it is built by the community:
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Case Study: Grameen Koota
Founded: in 1997 in Bangalore, IndiaLegal Status: (NBFC) Non Banking Financial CorpClients Reached: 250,000+ clientsBranches: 80 branchesPortfolio Size: $27.3 million USDAcknowledgement: Forbes’ top 50 MFIs
“We’re convinced that we would not be able to open branches so quickly and double in size without a centralized solution like Mifos.”
Naganand Kumar, IT Manager
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Proven Deployment Methodology
A dditional S ervices
Customization
Reporting
Integration
IT S trategy
Assessment & Planning
Operational Review, Configuration & Set-up
Reporting User Acceptance Testing, Training
& PilotPilot
Data Migration
Holistic Approach – To guide your deployment and ensure that the Mifos technology aligns with your organization’s business processes and is effectively adopted by staff, follow our comprehensive six stage deployment methodology.
Take Action
Contact .mifos@grameenfoundationorg tolearnmore
DownloadMifoswww.mifos.org/product/download
JointheCommunitywww.mifos.org/community
GetSupportgroups.google.com/group/mifosusers
www.mifos.org/knowledge/support