Grameen Foundation, a US-based nonprofit, recently announced it is partnering with SunGard, a global software and technology company, which will provide a dedicated team of technology and consulting professionals from its Global Services business unit to provide support to Grameen’s Mifos technology team and users. As reported by MicroCapital on November 16, 2007, Mifos is a free, open-source microfinance institution management software package.
Over the past three years, SunGard has collaborated with the Mifos team in developing countries as SunGard has built test environments, procedures and quality assurance to assess Mifos’ scalability as a portfolio management platform.
Launched in 2006, Mifos is a software platform for microfinance institutions that offers an online hosted service and a downloadable open source edition. Mifos is reportedly used by microfinance institutions in the Americas, Asia, Middle East, North Africa, and Sub-Saharan Africa to serve 800,000 clients.
By Jennifer Shevock, Research Associate
About Grameen Foundation:
The Grameen Foundation, a nonprofit based in Washington, D.C., aims to help microfinance institutions throughout the world replicate the microfinance model of the Grameen Bank http://www.grameen-info.org/. It provides financial, technological and managerial support for local organizations and intends to provide new business opportunities and telecommunication services to the rural poor. Though the Grameen Foundation is independent of the Grameen Bank, Muhammad Yunus, the founder of the Grameen Bank, serves on the foundation’s Board of Directors.
About SunGard:
SunGard is a US-based global software and technology services company. SunGard provides software and processing solutions for financial services organizations, higher education and the public sector. SunGard also provides disaster recovery services, managed information technology services, data center services and business continuity management software.
Sources and Additional Resources:
“Grameen Foundation and SunGard Join Forces to Support Technology Advancement in Microfinance”. http://www.grameenfoundation.org/press-releases/grameen-foundation-and-sungard-join-forces-support-technology-advancement-microfinanc
MICROCAPITAL BRIEF: “Grameen Foundation Announces Official Launch of Mifos.com to Promote Microfinance Institution Management Software” August 20, 2010.
https://www.microcapital.org/microcapital-brief-grameen-foundation-announces-official-launch-of-mifos-com-to-promote-microfinance-institution-management-software/
MICROCAPITAL BRIEF: “ThoughtWorks to Provide Software Services in Support of The Grameen Foundation’s Mifos Microfinance Technology Platform” July 29, 2010. https://www.microcapital.org/microcapital-brief-thoughtworks-to-provide-software-services-in-support-of-the-grameen-foundation%E2%80%99s-mifos-microfinance-technology-platform/
MICROCAPITAL BRIEF: “Grameen Foundation Releases Version 1.4 of Mifos Open Source Microfinance Institution Management Software” January 25, 2010. https://www.microcapital.org/microcapital-brief-grameen-foundation-releases-version-14-of-mifos-open-source-microfinance-institution-management-software/
MICROCAPITAL STORY: “Mifos, a Freely Available Open-source Management Information System for Microfinance Institutions” November 16, 2007. https://www.microcapital.org/microcapital-story-mifos-a-freely-available-open-source-management-information-system-for-microfinance-institutions/
MicroCapital Universe: Grameen Foundation: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Grameen+Foundation
MicroCapital Universe: SunGard: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Sungard
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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