Mifos X represents the next generation of the Mifos platform - it aims to fulfill our long-term vision of a fully extensible platform that can scale through multi-tenancy and rapidly be extended upon through a clean layered architecture and full API.
From July 2011 to September 2011, some ad-hoc work was done around re-implementing aspects of loan portfolio functionality that existed in mifos 2.2. The purpose of this was to see was it possible to develop substantial functionality on a volunteer time-basis.
As a result of this we (Keith Woodlock & John Woodlock) sought funding to take the existing code for the prototype and begin work on laying the foundation for the next evolution of the Mifos platform.
Thus far, individual lending is the first methodology being supported. Test it out on the Mifos X demo server with the user mifos and the password, password. You can also watch the YouTube video below. We are looking for MFIs to work one-on-one with to build out the remaining individual lending capabilities so please get in contact with John and Keith Woodlock if you'd like the platform to be built to support your requirements. We are also readying for contributors who want to build towards additional modules and methodologies - please get in touch.
We want Mifos to be faster, lighter and cheaper to change so that it is more responsive to the needs of MFI’s and Integrators. There are a number of things we can do that individually and when combined together will help us achieve this goal of faster, lighter and cheaper:
We will start by working through the individual lending microfinance model. From there we will incrementally work on and deliver other models (in no order as yet):
Whilst working through each microfinance model, we seek to work in close collaboration with an MFI that practices the given model on the ground so we can understand their needs and pain points and deliver useful software to the MFI.
Some of the product advantages could be:
Some of the technical advantages could be: