To speed the elimination of poverty by coordinating a global community that builds, supports, and uses Mifos X, a free and open source platform that enables financial service providers to more effectively and efficiently deliver responsible financial services to the world’s 2.5 billion poor and unbanked.
Mifos X is an open source technology platform helping financial institutions deliver services to the world’s 2.5 billion poor & unbanked. It solves the current challenges the poor face of core banking systems that are too expensive, too complex, and/or lack support from local stakeholders and institutions.
The Mifos X project brings together the collective expertise of partners from our global community, each of who provide unique skills to lead this initiative.
Together, these three groups collaborate to build and execute the most effective platform possible in a given community. Our Certified Mifos Partners are typically indigenous businesses working on the ground to provide technology and consulting services for financial inclusion. Serving as the direct connection to the end user, these partners lead the adoption of Mifos X and build new market-driven financial solutions tailored to a community’s individual needs. They perform operational analyses, advise on best business practices and deploy Mifos X within participating financial institutions.
We have made a commitment to implement full social Performance and Project Out of Poverty reporting native to the core Mifos X platform.