The usbased grameen foundation, which launched mifos incontinue reading. Mifos x is the next generation of the mifos software. It was initiated by james dailey and tapan parikh, and launched as open source software mifos in 2006. List of free and opensource software packages wikipedia. Manage all your customer loans and repayments in one place. Looking for a flexible and easy to use micro finance loan software then you are the right place now, micro finance software helping you to manage all your client data including loans, grants, investors, donors and much more. This software is available to the community of micro finance institutions. Conservancy and the community for open source microfinance assume leadership of the mifos project. Provide login to partner, staff, credit officer provide login to customers for digital payment free field collection using mobile app.
The free and open source software solution aims to provide a platform for microfinance institutions to manage the wealth. Yet by teaming up with software developers, nonprofits around the globe are creating free, opensource applications to suit their own needs and are releasing them out to the community for anyone to use. With several satisfied customers we continue to offer limitless capabilities. Whether you run a start up microfinance institution or an established microfinance bank, driving down the cost of doing business should be your preference to maximize sustainably. With over 700 software categories, you are sure to find the solution you need. The microbanks that use mifos reportedly serve about 850,000 clients as of june 2011 1. Open source software can help you reduce your operating costs. The community for open source microfinance has has shipped the first major release of mifos following the transition from grameen foundation.
Such collaborations have recently resulted in several notable applications specifically designed for the. Feb 06, 2020 download cobis banking microfinance software for free. If you need business software, capterra is the place for you. Microfinance this is a financial service that involves giving loans to unemployed people, lowincome individuals, and. If you are looking for the best free account management software that goes beyond basic crm, bitrix24 is. At the grameen foundation, james dailey and tapan parikh realized that the software being used by most microfinance institutions mfis was outdated, expensive or otherwise fell short. Micro finance software for on lending to remote borrowers. Citeseerx document details isaac councill, lee giles, pradeep teregowda. Opencbs is an open source loan tracking software for microfinance institutions. Youll be free of peruser charges and we also wont place limitations on your loan types and parameters. Scoring solution, which has been adapted specifically for microfinance institutions in emerging markets practical credit scoring tools. It is open source and users can build and modify it as per their requirements.
Afghanistan and kirgizstan, but to provide a general purpose mis suitable for all microfinance institutions mfi. Ideoholic builds free and open source digital solutions foss for social good and provides affordable software services on the same. The software is also available as a freetouse version, and is available in an open source version too, which creates space for improvement. It is build around a robust core extensible through plugins. It provides mfis the key functionality to better serve the poor. Open source was an obvious mode of distribution from this perspective. Open source microfinance suite is a free software application from the other subcategory, part of the business category. Thus, free software acknowledges and spotlights the users integrity and freedom, or the users moral agency burns, 2011, p. As i am interested in microfinance, this statement, for me, bridges free and open.
Loan performer, microfinance software, sacco software, micro finance software, loan software, loan, for savings and loan tracking by crystal clear software limited. Octopus open source microfinance free download octopus open. Best sacco management software microfinance sacco erp. Credit officer provide login to customers for digital payment free field collection using mobile app. Based on open source and free technologies, we wont charge you license fees for any proprietary technology except for the source code of the platform. Adaptive, open source software for microfinance opencbs is the easiest. The software is open source meaning that it is free of charge and can be edited to meet local needs. Stro has been working for two decades on a broad range of instruments and approaches that can support private or public initiatives to make money work even in conditions of a semipermanent economic depression. The number 1 micro finance software, software for microfinance, software for microcredit. Mifos is a software package used to manage the data of microfinance institutions. Octopus microfinance suite free opensource mis software.
Spend less time doing admin work and more time growing your business. Downloads open source microfinance software opencbs. Mambu revamps its microfinance software free mambu microfinance software for all the little guys finally, all the small mfis, ngos and microfinance dogooders out there can have access to technology to manage their clients and portfolios for free. We develop an open source microfinance software for the use of microfinance. Two open source applications for nonprofits techsoup. See who you know at opencbs, leverage your professional network, and get hired. The name mifos originally came from an acronym micro finance open source, but. Octopus mfs is an integrated suite allowing full management of a micro finance institution.
Conservancy and the community for open source microfinance. Stand out in the market using co b i s microfinance software. Loan performer has been made free of charge for small micro finance organisations. Increasing efficiency and extending benefits to the poor. Such collaborations have recently resulted in several notable applications specifically designed for the nonprofit sector.
Real time collection details free access our automated system from anywhere in the world free zero paperwork, automated accounting, digitalized payment system more than 150 interest calculations to meet your. Our technology is used by all kinds of institutions, from small startups using our free core software to microfinance. This software is available to the community of micro finance. In developing countries around the world, these institutions loan small amounts of money to women who want to start businesses and create a better life for themselves and their. Free and open source accounting software the balance. Free microfinance software mifos management information. This mis software is very versatile and can be customised as per the requirements of the mfi. Loanbook is a simple lending system, a project created and maintained by microfinance, financial and banking systems experts jisort. Mambu has just launched its revamped community edition which gives an organization of up to 1500 clients, access. In this chapter we investigate the potential of open source software to increase the impact of microfinance mf especially for the very poor. Octopus microfinance suite free opensource mis software for mfi. A loan management software lms should be customizable to fit the process of. Simple interest loans, reducing balance loans, straight line loans. The free and open source software solution aims to provide a platform for microfinance institutions to manage the wealth of data that corresponds to the portfolios of a rapidly growing number of.
Apr 04, 2018 download mifos microfinance open source for free. Adaptive, open source software for microfinance opencbs is the easiest financial management solution to install, use and customize. Loandisk online loan management system for microfinance cos. The core includes user and client management, loan schedule generation, loan tracking, repayment management, savings tracking, reporting. This is a list of free and open source software packages, computer software licensed under free software licenses and open source licenses. In order to qualify for the sun startup essentials program, your company must meet the following criteria. A maximum of 150 employees, including any affiliates. The opencbs core banking solution is highly adaptive and open source software. Software for microfinance mfi micro loan management. Newired makes technology and software more accessible, replacing any. The software freedom conservancy and the community for open source microfinance cosm are pleased to announce parallel efforts to assume stewardship of mifos an awardwinning open source. Mostfit see also our offical website is an mis for micro finance institutes mfis it has originally been created by intellecaps technology solutions group which has since 2011 been made into a company of its own called istpl.
The software freedom conservancy and the community for open source microfinance cosm are pleased to announce parallel efforts to assume stewardship of mifos an awardwinning open source and free software platform that accelerates the growth and impact of. Mifos is an free open source software for microfinance institutions developed by grameen foundation in association with several it companies. Loanbook serves people and organizations running simple lending operations. Opencbs is an open source mis for microfinance companies. This is a php based loan management system to help microfinance organisations manage their clients, loans, savings, collections and distributions. What are examples of open source software that are not free software.
Tina gasperson a nobel peace prizewinning organization has sparked the creation of an open source project to help build technology infrastructures for nonprofit microfinance institutions. Octopus is the leading open source management information system mis for microfinance institutions mfi. Opencbs is a fork of the last open source version of. The microfinance php loan management system open source. Octopus micro finance suite omfs is an open source lgpl micro finance it software. The cyclos project cyclos open source software is created by the social trade organizations stro. May 17, 2006 this video describes a bit about the grameen foundation and their efforts to create an open source software solution to facilitate the use of microfinance to alleviate worlds poverty. Scoring solution, which has been adapted specifically for microfinance institutions in emerging markets. Jainam software microfinance, nbfc, credit coop society.
Over the past three years, sungard has collaborated with the mifos team in developing countries as sungard has built test environments, procedures and quality assurance to assess mifos scalability as a. A critical point that burns 2011 makes in his discussion of software, information access, and social justice is the following. What are some good opensource microfinance management software. Octopus microfinance suite free download windows version. 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 worlds 2 billion poor and unbanked. As the industrys only open platform for financial inclusion, we provide. Its free, has constant updates and is continually improved by millions of users around the world. Founded in october 2011, the organization encompasses a community of financial service providers, technology specialists, financial services experts and open source developers working together to grow the mifos x open source platform for financial services. Redesigned to be a true, fully functional platform for financial inclusion, it builds off the experiences of our legacy codebase, mifos 2. In this paper we investigate the potential of open source software to increase the impact of microfinance mf especially for the very poor and suggest a framework for econometric evaluation of such intervention. Developed with cuttingedge technologies and relying on agile methodology, octopus is used by hundred of microfinance institutions worldwide. The octopus microfinance suite installer is commonly called octopus. The free and open source software solution aims to provide a platform for microfinance institutions to.
Jun 15, 2009 open source software discounted partner hosting free technical advice and training comarketing opportunities. The software freedom conservancy and the community for open source microfinance cosm are pleased to announce parallel efforts to assume stewardship of mifos an awardwinning open source and free software platform that accelerates the growth and impact of microfinance. This is the finasol software, a financial services management system, a robust application for the management and automation of the operations of a. Full featured completely customizable software for microfinanace institutes this is micropyramid opensource initiative for microfinanace management. We argue that especially small and medium organizations play a crucial role, because they are more. Need to be integrated with banks api for access of mf portfolio by partner bank for analysis and further funding.
This is a list of free and opensource software packages, computer software licensed under free software licenses and opensource licenses. Core banking solution is highly adaptive and open source software. Octopus micro finance suite free download and software. Mifos microfinance open source mifos is an mis purposebuilt for the microfinance industry. As reported by microcapital on november 16, 2007, mifos is a free, open source microfinance institution management software package. What are some good open source microfinance management software.
Real time collection details free access our automated system from anywhere in the world free. Our software allows to automate origination, servicing and collection of loans. Browse all business software directories at capterra. Mifos is an opensource, backend operating system built and backed by a community to track the many loans and payments involved in microfinance. Microfinance credit scoring software desktop version. We just realized clients are looking for free or open source sacco management system, sacco management software free download, sacco management system source code, sacco system documentation and we have ensured all clients are catered for when looking for the best sacco management software in nairobi, kenya. This free software was originally created by octopus. Cloud based lending software that is secure and easy to use. Development of the software began as an initiative of the grameen foundation in 2004. Open source software discounted partner hosting free technical advice and training comarketing opportunities. Mifos is a freely available open source mis for microfinance institutions to more efficiently and effectively deliver financial services to the poor. Ideoholic is an official partner of grameen banks microfinance software. Microfinance software, software for microfinance company in india.
What are some good opensource microfinance management. Microfinance software best software for microfinance company. Cyclos is a scalable and reliable banking software solution that comes with a pack of powerful features. Software that fits the free software definition may be more appropriately called free software. Sep 28, 2009 conditions, mifos aims to improve administration for microfinance in kenya.
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