| = History |
| |
| == The Idea |
| |
| Fineract was an idea born out of a wish to create and deploy technology that allows the microfinance industry to scale. The goal is to: |
| |
| * Produce a gold standard management information system suitable for microfinance operations |
| * Acts as the basis of a platform for microfinance |
| * Open source, owned and driven by member organisations in the community |
| * Enabling potential for eco-system of providers located near to MFIs |
| |
| == Timeline |
| |
| * 2006: Project initiated by Grameen Foundation |
| * Late 2011: Grameen Foundation handed over full responsibility to open source community. |
| * 2012: Mifos X platform started. Previous members of project come together under the name of Community for Open Source Microfinance (COSM / OpenMF) |
| * 2013: COSM / OpenMF officially rebranded to Mifos Initiative and receive US 501c3 status. |
| * 2016: Fineract 1.x began incubation at Apache |
