Hello all,
I am writing to let you know that Grameen Foundation USA will be exiting
our activities related to Mifos(r). Over the coming months we will make
a concerted effort to transition the initiative to leaders in the Mifos
community. Though this has been a very difficult business decision, we
are confident that this is the best approach for Mifos to achieve
long-term success.
Grameen Foundation launched the Mifos initiative in 2006 to address a
critical need for a solid technology platform tailored to the needs of
the microfinance community. Our goal has been to provide software that
can promote growth and transparency in microfinance and achieve deep,
lasting impact in the lives of poor people.
Since then, Mifos has become a robust open-source software platform that
is used by microfinance institutions around the world. As open-source
software, Mifos has been supported by a global community of software
developers, translators and users.
However, the challenges of running a global software business within an
NGO from the United States, combined with the expense of maintaining a
substantial software development team, will not enable us to achieve our
goals or to realize the potential of Mifos. Consequently, our leadership
has decided that, over the coming months, Grameen Foundation will
transition out of this business. Our direct involvement in Mifos will
conclude at the end of November 2011.
We will be working with our existing customers and the Mifos community
to enable an effective transition of Mifos to the extent possible, and
will provide details and updates regarding service and support options
at http://www.mifos.org.
We believe in the power of open-source software and the future potential
of Mifos, and look to the global Mifos community to take Mifos forward.
Achieving the full potential of Mifos will require leadership from the
community. For Mifos to continue, one or more community members will
need take on that leadership role (for more on what that would entail,
please contact one of the people listed below). During the transition
period, Grameen Foundation will work to ensure that community members
who step into leadership positions on Mifos have the tools and access
they need to be successful.
With more than 850,000 clients served by the poverty-focused
organizations that use Mifos, we should all take pride in the breadth of
its success to date. Furthermore, Mifos has played a catalytic role by
demonstrating the value of open-source software designed for MFIs. The
current usage and support of Mifos has laid a foundation for the
community to continue developing the software. We look forward to
working with the community to promote deeper engagement in the Mifos
initiative during the months ahead.
If you have any questions about this transition, please contact
[email protected].
Sincerely,
Emily Tucker
Director, Mifos Initiative
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