Mifos Cloud Computing
Technology is a critical operational component for MFIs, but it’s often viewed as a huge challenge. In fact, 40 percent of respondents to a 2008 CGAP survey said that IT constraints prevented them from achieving their operational goals. Grameen Foundation, the leading technology provider in the microfinance sector, addressed this issue in 2006 by launching Mifos®, an award-winning, open-source management information system. Mifos meets organizations’ needs cost-effectively and enables these organizations to grow by increasing efficiency and effectiveness.