Global Mifos Summit

CodersTrust provides microfinance for underprivileged talents to upgrade their coding skills, so they can earn more money on freelance portals. It is an initiative backed by the development fund Danida, or Danish International Development Agency, to provide microfinance for students in emerging nations who want to upgrade their programming skills. The hope of founder, Copenhagen-born entrepreneur Ferdinand Kjærulff, is that these students are empowered to sell their work internationally via freelance portals such as Odesk, Elance and Freelancer. The team is currently operating in Dhaka, Bangladesh, where it collaborates with Grameen Bank, which is renowned for its part in revolutionising the microfinance industry.

Recognizing tha SACCOs are an important vehicle for financial inclusion, Ensibuuko has developed a customized core-banking solution and making it affordable to enhance their efficiency to serve the rural poor in Uganda. Their solution is enriched with mobile tools that enable SACCOs to employ a cost-effective means to provide desired financial services to their clients. In 2015, Ensibuuko aims to benefit over 20,000 rural farmers in Northern Uganda alone. Their solution, MOBIS (Mobile Banking and Information System) provides and robust information system and will allow farmers to deposit and receive loans through their phones, drastically reducing the time taken to reach the SACCOs, sms alerts for each transaction and key financial literacy messages to reinforce knowledge on financial services.

The Mifos X Android Client is our smartphone-based mobile field operations app which puts financial inclusion directly at your fingertips directly in the field. This app gives financial institutions the full power of the Mifos platform wherever they are by allowing field-based staff to manage conduct their daily operations including viewing and editing client details and adding new transactions in the field. It enables field officer to be more efficient, transparent and deliver a higher level of service to their clients.

Built on top of the Mifos Web Hooks and using the Sinitra framework, Terence Monteiro of San Jose Solutions has built and open-sourced an SMS sending application for the Indian SMS gateways to notify group members about financial transactions like loan repayments, and deposits and withdrawals to savings accounts.

The Musoni System helps MFIs to leverage the latest technologies sweeping across Africa, but at a fraction of the cost associated with traditional banking systems. The system is cloud-based, removing hosting costs while maintaining the high security and flexibility required in microfinance software. We have a flexible pricing structure, based upon the size of the MFI, enabling MFIs to use the platform regardless of their size.

SARAL is led by AT Grassroots and provides a mobile-based data collection tool to track the social and financial indicators of Self Help Group members to report back on the impact of each woman borrower.