Patric,
Looking at the log you provided, I see: 

"Connections could not be acquired from the underlying database!"

Did you follow the installation steps for MySQL described in:
http://www.mifos.org/knowledge/install-guide/main#install-and-configure-
mysql?  Try confirm you can manually connect to mifos MySQL database
using this command at the command line:

$ mysql -D mifos -umifos -pmifos


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