Why doesnt Grameen build upon an off-the-shelf solution, or on one of the MFIs home grown products?
After researching the sector, Grameen concluded that the architecture and usability of existing solutions are inadequate to respond to the diverse and fast changing needs of the microfinance industry so that a new software solution Mifos must be built. Key reasons for this conclusion are: (1) many MFI solutions were built utilizing limiting technologies that do not scale and (2) the existing solutions were designed to support a specific organization or product methodology and thus can be used only by a limited number of MFIs.
