Opening Remarks 1
MIFOS X SUMMIT BANGALORE, INDIA OCTOBER 2012
Mifos X Summit
10/27/2012
COSM & Mifos X 2
COSM and Mifos X are a complete redesign of
Grameen Tech Center and Mifos 2
We owe a huge debt of gratitude to Grameen
Foundation
But Mifos 2 became a closed system requiring huge
cost and infrastructure
COSM and Mifos X are designed as an open,
collaborative, agile, low-cost community-based project
Mifos X Summit
10/27/2012
The COSM Community 3
COSM is building a three-part community Each member is essential Critical role of specialists
Software Developers
Customer Specialists
MFI Users
COSM Mifos X Summit
10/27/2012
The Shared Value 4
Poverty impact through successful, growing MFIs
Accelerating MFI growth through affordable, effective, scalable technology
Mifos X Summit
10/27/2012
The Business Goals of Mifos X 5
Successful Mifos X deployments
That means hundreds and then thousands of deployments
Self-sustaining, engaged community
Users, developers, & specialists adding value to each other
Sustainable business model for specialists
That means specialists charge fees, collect revenue, and make a profit so they stay in business
Sustainable business model for COSM
That means COSM collects reasonable fees for cost recovery
Mifos X Summit
10/27/2012
Mifos X is the Future 6
The Mifos X project is the next evolution of the Mifos
platform
Mifos X is cheaper to use, faster to deploy, and easier
to customize so that it is more responsive to the needs of MFI's and specialists
These are not just technical features …they are
business features
Mifos 2 will remain in place
Mifos X Summit
10/27/2012
Value for MFIs and Specialists 7
Take the cost and complexity out of the product Let specialists focus on what is of value to MFIs
Ease of deployment
Low cost of deployment & support
Custom fit for MFI’s business requirements
Spend money on value-add, not software complexity
Result: both MFIs and specialists are successful
Solution works for MFI – on time and on budget
Specialist have a sustainable business model: charge fees, collect revenue, and make a profit so they stay in business
Mifos X Summit
10/27/2012
Value to Community 8
Self-sustaining community User driven requirements Global network of specialists Responsive software development
Mifos X Summit
10/27/2012