ENTRIES TAGGED "microlending"

Open source cuts microlending complexity

Open source cuts microlending complexity

The Mifos Initiative is using open source software to serve the developing world.

Creating financial software for the developing world is tricky business. Variations between countries — and between the banks within those countries — make proprietary solutions unsustainable without massive investment. The Mifos Initiative has gone a different route: manage an open source project that lets banks customize software to meet their unique microlending needs.

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