Mifos Community Edition

MIFOS COMMUNITY EDITION

UNLOCKING THE POTENTIALOF 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

2

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

3

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


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


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


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


Unparalleled Ease of Use

Familiar Web Interface Powerful Search Performance Dashboard Workflow Management Greater user acceptance


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


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.

http://www.progressoutofpoverty.org/


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


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:


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

15

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

mailto:[email protected]