Musoni commits to help MFIs measure poverty

Pic Musoni Tablet app

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The Microcredit Summit Campaign welcomes Musoni Services as the newest Campaign Commitment maker, joining a global coalition of 56 other commitment makers working to help 100 million families lift themselves out of extreme poverty. The Microcredit Summit Campaign’s 100 Million Project is building a movement among financial service stakeholders committed to helping to end extreme poverty through: public statements of commitment to action, expanding practices to reliably measure movement out of extreme poverty, and promoting innovations and best practices to accelerate movement out of poverty.

Musoni commits to the following by the end of 2015:

  • To integrate the PPI Scorecards into the Musoni System enabling MFIs to easily capture and analyse social performance data
  • To integrate the PPI Scorecards onto the Musoni tablet app making it possible for field officers to capture PPI data remotely, in both offline and online mode
  • To develop the core PPI Reports and add directly to the Musoni System for all MFIs to benefit
  • To encourage at least five of the MFIs using the Musoni System to start capturing PPI data, with the goal of capturing PPI data for over 50,000 entrepreneurs

Musoni commits to the following by the end of 2016:

  • To encourage at least fifteen of the MFIs using the Musoni System to start capturing PPI data, with the goal of capturing PPI data for over 150,000 entrepreneurs

Cameron Goldie-Scot, CEO of Musoni Services:

“Musoni Services is honoured to join the Microcredit Summit Campaign and excited to be part of a movement helping to lift 100 million families out of poverty. The Musoni System gives MFIs the infrastructure they need to reduce their costs, improve their efficiency and to drive financial inclusion into rural areas where the majority of the unbanked live. End-clients benefit from increased security and flexibility, and in-time lower interest rates that MFIs using the Musoni System are able to offer. At Musoni, we fundamentally believe in increasing the amount of social performance measurement in the industry, which is why we have committed to including the PPI Surveys as standard in the Musoni System. By making it as easy as possible to capture and analyse PPI data, we aim to encourage MFIs to focus more on their social impact, and also improve our understanding of the impact microfinance has on reducing poverty.”

The Campaign looks forward to welcoming this new partner in the global coalition and sharing their progress towards the Commitment achievement at the 18th Microcredit Summit in 2015.

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Musoni Services

Musoni is a microfinance software company that supports MFIs with its innovative and award-winning microfinance platform, the Musoni System. Aside from the core system functionality (clients & groups, loans & savings, reporting, and accounting), Musoni is known for pioneering new technology in microfinance in order to improve efficiency and reduce costs, including mobile money (over 2 million MMT transactions processed), SMS reminders (over 1.8 million SMS messages sent) and tablet apps (over 35,000 loans processed digitally). As a result of pioneering new technology in microfinance, over the last three years the Musoni team has won multiple awards, including the award for ‘most innovative use of technology’ at the Global Microfinance Awards (July 2011), and the Frost and Sullivan award for ‘Technology Leadership’ (August 2014). Most recently, an MFI using the Musoni System won the ‘Financial World Innovation Awards’ in London for their use of the Musoni app in Tanzania.


We invite you to join Musoni and…

Get Inspired. Set a Goal. Make a Commitment.

Join the movement to help 100 million families lift themselves out of extreme poverty:

The Mifos Initiative Commits to Expand Use of Poverty Measurement Tools

Photo courtesy of the Mifos Initiative

Microfinance clients around the world will benefit from Mifos Initiative’s Campaign Commitment
Photo courtesy of the Mifos Initiative

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The Microcredit Summit Campaign welcomes the Mifos Initiative as the newest Campaign Commitment maker, joining a global coalition of 56 other commitment makers working to help 100 million families lift themselves out of extreme poverty. The Microcredit Summit Campaign’s 100 Million Project is building a movement among financial service stakeholders committed to helping to end extreme poverty through: public statements of commitment to action, expanding practices to reliably measure movement out of extreme poverty, and promoting innovations and best practices to accelerate movement out of poverty.

MIFOS LogoCraig Chelius, executive director of the Mifos Initiative, views the 100 Million Project as a way to contribute to ending extreme poverty by committing to fully integrating the Progress out of Poverty Index (PPI) into the open source Mifos X Platform for Financial Inclusion. “The Mifos Initiative produces a transformative impact that dramatically expands the reach and scale of financial inclusion providers via a free and open source cloud-based core banking system. Providing financial services to the poor is a proven method to help permanently end poverty and to that end, we are thrilled to partner with the Microcredit Summit Campaign and to publish our 2015 commitment.”

The Mifos Initiative commits to the following by the end of 2015:

Ensure that the PPI and other social performance management frameworks can be captured and analyzed as an integral part of the client workflow in the Mifos X platform:

  • PPI Integration – Full integration of the Progress out of Poverty Index within the Mifos X platform with support for capturing the Progress out of Poverty Index scorecards for all 56 countries within our cloud-based Mifos X Community App.
  • PPI Reports – Develop and release 5 standard reports which contain the most relevant and high-value analysis of the PPI data captured in Mifos X.

Ensure that social performance management (SPM) is a focus of our community and we provide the resources and education to help our customers adopt SPM through our partner channel:

  • PPI Adoption – Commit to ensuring at least 6 customers on the Mifos X platform are implementing the PPI as part of their social performance management strategy.
  • PPI Training – Commit to getting at least three of our Mifos Certified Partners trained and registered as PPI trainers listed on the Grameen Foundation directory of trainers.

The Mifos Initiative commits to the following by the end of 2016:

  • Support capturing PPI scorecard data via mobile forms on Android-based smartphones through our Mifos X Android app.
  • Complete the development of our Client Impact Portal with drill-down and roll-up social performance management data including the PPI.

The Campaign looks forward to welcoming this new partner in the global coalition and sharing their progress towards the Commitment achievement at the 18th Microcredit Summit in 2015.

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The Microcredit Summit Campaign
The Microcredit Summit Campaign (the “Campaign”), a project of RESULTS Educational  Fund, is the largest global network of institutions and individuals involved in microfinance and is committed to two important goals: 1) reaching 175 million of the world’s poorest families with microfinance and 2) helping 100 million families lift themselves out of extreme poverty. The 100 Million Project, focusing on Goal 2, was launched in response to World Bank President Jim Yong Kim’s call to end extreme poverty by 2030 and in recognition that full financial inclusion can only be achieved by targeting the extreme poor. The coalition of Campaign members announcing Commitments is aimed at motivating microfinance stakeholders to provide products and services that reach the extreme poor and facilitate their movement out of poverty.

The Mifos Initiative
The Mifos Initiative is a US-based non-profit that stewards the development of the open source Mifos X Platform for Financial Inclusion and its global ecosystem of volunteers and donors, technology partners, and client financial institutions. Its mission is to empower financial institutions in developing countries to bring affordable, responsible financial services to the nearly 3 billion people on the planet who currently do not have formal access.

Contact Information
Sabina Rogers
Microcredit Summit Campaign
rogers[at]microcreditsummit.org
+1 (202) 637-9600


Join the Mifos Initiative in stating YOUR Campaign Commitment!

From Intent to Action: Resources to Pursue Responsible Inclusive Finance

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Dina Pons of Incofin IM, the moderator of the workshop, “Responsible, client-centric practices at every level, and demonstrated commitment to fulfilling its mission,” started the presentation with the following description of Responsible Inclusive Finance:

Every institution along the value chain of “responsible inclusive finance” – whether socially or financially motivated – employs responsible, client-centric practices at every level of its business and demonstrates commitment to fulfilling its mission.

Read the summary of proceedings for this workshop.

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