POWERING

INNOVATIONS
IN MICROFINANCE
conference on microfinance
July 24 - 25, 2008 * Asian Development Bank, Manila, Philippines
 Edited by Foxit PDF Editor
Copyright (c) by Foxit Software Company, 2004 - 2007
For Evaluation Only.

CONCURRENT WORKSHOP SESSIONS

Thursday, July 24, 2008

3:30 p.m. - 5:00 p.m.

Open Source Technology & Software as a Service: Auditorium Annex 1 & 2
Advantages of IT Trends for Microfinance
Open source refers to a software whose source code is freely available to the public, while Software as a Service (SaaS) is
a software delivery model where the software is hosted and maintained by a service provider and clients access the
software through the internet. These trends aim to offer a more flexible and cost-effective option to MFIs by reducing
investments on hardware, software licenses and manpower. Mifos and MiFITS are two initiatives that aim to make these
trends available to the Philippine microfinance industry. A project of the Grameen Foundation USA, Mifos is an open source
software currently being piloted in the Philippines. To further support the Mifos initiative, MiFITS (Microfinance IT Services,
Co.) is a proposed IT company that will deploy Mifos through the SaaS model, among its other services.
Resource speakers: Facilitator:
Facilitator:
Dr. Cayetano W. Paderanga, Jr. Danilo Songco
CEO, Institute for Devt. & Econometric Analysis PinoyME
Matt Duncan, Director Sumit Bagchi Documenter:
Mifos/Grameen Foundation Microfinance Consultant Laila Deles, PinoyME
 MIS Needs and Technology
Challenges of Philippine MFIs
Benefits of IT-enabled MIS
State of MIS
State of MIS
Challenges
What Does Open Technology
Deliver MFIs?
July 24, 2008

Director, Mifos
Grameen Foundation
Can WE Build a Standard
Backbone?

Front End Operations

Intelligence

Open, Standard Platform

Fin Servs Innovations

= Flexibility, Affordability, Growth, Social Impact

2
Does Open Source Make Sense?

3
What is Open?

Industry
Influencers

Regulatory Bodies
Technolog
y Partners

• Far reaching contributions

Open Source Developers
MFIs using Mifos
• Innovative services & offerings
• Deeper insight & sharing
• Opportunity for a standard
MFIs
Openness Creates Value

Development MFI

Community-driven Open MIS Delivers

9 Accelerates rate of 9 NO lock in to an MIS solution

development 9Greater support , rapid response
9 Ensures a more viable solution to the market

Open Innovation Extended Value

9 Participation without 9 Rapid innovations, marketplace

boundaries 9 Greater knowledgebase
9 Ignites grass root ingenuity

5
Building Community in Philippines

Certification
Training
Support Expert
EXPERT Center
CENTER
Consulting
SaaS

Specialist

Community MFI
Network

Branch

MFI

Clients

6
To Learn More & Get Involved

Go to www.mifos.org
or contact
mduncan@grameenfoundation.org

7
Edited by Foxit PDF Editor
Copyright (c) by Foxit Software Company, 2004 - 2007
For Evaluation Only.