Kevin Gibbs, a senior software engineer and manager at US-based technology firm Google, has developed an open source application called “Simple MFI” that allows microfinance loan officers to view and enter client data on mobile phones [1]. The application has been designed to run on an Ideos phone, which costs under USD 100, but can run on any phone running Android, a mobile phone operating system designed by Google. Client information can be accessed off-line and data are synchronized automatically with the head office database via the internet. Any microfinance institution can use Simple MFI free of cost.
By Ashim Kar, Research Associate
Sources and Additional Resources:
[1] “Simple MFI”, https://github.com/kevgibbs/simple-mfi/wiki
The application can be downloaded from, https://market.android.com/details?id=org.simplemfi.app
MicroCapital.org story, March 8, 2011, “MICROCAPITAL BRIEF: Mobile Technology as an Alternative Channel for Foreign Aid Delivery May Increase Access to Finance”, https://www.microcapital.org/microcapital-brief-mobile-technology-as-an-alternative-channel-for-foreign-aid-delivery-may-increase-access-to-finance/
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/tiki-index.php
Similar Posts:
- MICROCAPITAL BRIEF: Ualá App Offers Saving Account Paying 9% Interest in Mexico
- MICROCAPITAL BRIEF: Abler Nordic Sells Equity Stake in Satin Creditcare, Provider of Microfinance to Low-income Women in India
- MICROCAPITAL BRIEF: Fintech Kacha Gets Regulator Approval to Roll Out Mobile Money App in Ethiopia
- MICROCAPITAL BRIEF: Moniepoint Microfinance Bank Launches Mobile Banking App, Debit Card in Nigeria
- MICROCAPITAL BRIEF: IDB Lab Accepting Applications from Entrepreneurs in Latin America, Caribbean for WeXchange Women STEMpreneurs Competition, Partner of Google for Startups, Through March 31