What is the Mifos product?
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Mifos is a management information system (MIS) designed specifically for the microfinance industry. It provides the key functionality required by MFIs, which includes client management, loan and savings portfolio management, loan repayment tracking, fee and savings transactions, and reporting. Mifos was developed to increase the efficiency of MFI operations. The core technology is a user-friendly Web application running on top of a MySQL database. This is an enterprise-level database that can accommodate an MFI processing anywhere between 1,000 – 1 million clients. Most importantly, being Web based, Mifos enables a centralized database so that the head office and regional offices are looking at data in real time. |
Demo reflects v1.0 - soon to be updated |
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Web interface. Mifos employs a Web interface, allowing users to work in a highly-intuitive, easy-to-use interface with which they are already familiar. Search and browse tools make it easy to find client information quickly. Security. Data security, to minimize fraud and error, is a critical component of Mifos. The MySQL database-level security ensures that transactions cannot be hacked or changed inadvertently. Flexibility. Mifos is designed to provide flexibility, scalability, and extensibility. The flexible data model ensures that new functionality can be added without affecting the core functionality. It gives MFIs the capacity to create an unlimited number of highly flexible loan and savings products, to cater to varying service delivery models. Be sure to watch the software demo -- check out the flexibility of the product definition feature, as well as the reporting capabilities and the bulk entry of repayment data. Try out the test server and get some hands-on experience interacting with the product. The functionality of Mifos continues to grow and evolve. Follow the product development and learn more about the technology behind Mifos by visiting the Product Roadmap. |
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