Mifos X

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Mifos X
MIfosX unofficial logo.png
Mifosx client profile.jpg
Open Source Technology for Accelerating Microfinance
Developer(s) Community for Open Source Microfinance / Keith Woodlock , John Woodlock
Initial release January 2012 (2012-01)
Stable release 1.22.0 / May 1, 2014; 4 months ago (2014-05-01)
Written in Java
Operating system Cross-platform
Size 75.5 MB
Available in English, translated into Spanish, French, Portuguese, Chinese Hungarian, Georgian
Type Micro Finance
License Mozilla Public License, v. 2.0
Website MifosX

Mifos X represents the next generation of Mifos [1] - it is a free and open source [2] technology platform for financial inclusion of the poor.

History[edit]

Development of the software began as an initiative of the Grameen Foundation in 2004. 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James Dailey and Tapan Parikh realized that the software being used by most microfinance institutions (MFIs) was outdated, expensive or otherwise fell short.[3] James and Tapan brainstormed something new: an open-source software that launched as Mifos in 2006. The name "Mifos" originally came from an acronym "MIcro Finance Open Source", but is now used as the brand, rather than an acronym. Mifos existed within Grameen Foundation until 2011, when it was decided that Mifos would split off to be an independent, open-source entity.

As part of its stewardship, Mifos Initiative has developed a completely new architecture for the Mifos platform, entitled Mifos X. According to release notes for the Mifos system published on April 30, 2013, Mifos Initiative is focusing its development efforts on the new platform, and that they would not release any further official versions of the suite beyond 2.6.x.[4]

Features[edit]

  1. Supported methodologies
    1. Individual lending
    2. Village Banking
    3. Group lending
      1. Joint liability groups
      2. Self-help group
    4. Communal banks
  2. Loan Products
  3. Saving Products
  4. Accounting
  5. Reporting
  6. Social performance module

Releases[edit]

Version Code name Release date Supported until
1.22 NA 2014-05-01 Old version, no longer supported: 2014-06-18
1.23 NA 2014-06-17 Old version, no longer supported: 2014-07-01
1.23.1 NA 2014-06-18 Older version, yet still supported: 2014-07-01
1.24.0 NA 2014-07-10 Current stable version: 2014-08-01
Legend:
Old version
Older version, still supported
Latest version
Latest preview version
Future release

Amazon EC2 AMI Locator[edit]

Zone Name version Arch Instance Type Release AMI-ID AKI-ID
ap-southeast-1 Mifos Platform 1.24.0 1.24.0 x86_64 ebs 2014-07-11 ami-a6035af4 aki-503e7402
ap-southeast-1 Mifos Platform 1.23.1 1.23.1 x86_64 ebs 2014-06-18 ami-8ace91d8 aki-503e7402
ap-southeast-1 Mifos Platform 1.22.0 1.22 x86_64 ebs 2014-05-01 ami-50693b02 aki-71665e05

Development[edit]

System requirements[edit]

Machines

  • 1TB RAID 5 SATA disk storage
  • 4GB RAM
  • 2x dual-proc, dual-core 3.5 GHz CPUs (Xeon/Core 2 Duo/whatever kind of 32-bit Intel chip is cheapest)
  • redundant chassis power supplies
  • wake-on-LAN

Infrastructure

  • 4 megabits/sec upstream and downstream bandwidth
  • uninterrupted power supply
  • separate boxes for MySQL and web container servers
  • replicated MySQL instances
  • Dual Ethernet cards
  • remote management console (so you can remotely power cycle the box and maybe get a serial console)

See also[edit]

References[edit]

External links[edit]