Download Mifos 2.1

Release Date: March 9, 2011

Major Enhancements in Mifos 2.1

• Variable Loan Installments and Cash Flow comparison
  • Ability to create loans with variable installment periods
  • Enter and compare client's cash flow with debt ratio and repayment capacity during loan creation
• New interest rate type - Declining Balance with Interest Recalculation - Interest is recalculated based on when the client pays
• Early and Partial Repayment of Fees - ability to pay off client fees before the next meeting
• Improved M-PESA Integration - support for importing disbursals from M-PESA into Mifos
• Permission for adjusting only last day’s backdated transactions
• Conversion to service facades
• Improved Tally accounting integration

Full details on all functionality and enhancements contained in Mifos 2.1 can be found in the Release Notes. 

Previous Releases

Additional Features in Mifos 2.0

• Question Groups Data Collection Tool.
  • New module provides greater ease in capturing social and economic client data at various stages of your workflow
• Full support for Progress out of Poverty Index (PPI)TM
  • PPI Scorecards from 33 countries fully supported.
  • Support multiple versions of PPI and ability to embed into client and loan workflows.
• Integration with Tally ERP.9, the leading accounting software package for MFIs throughout India.
• Improved mobile money support for m-pesa.
• Ability to waive interest when prepaying loans. 
• Improved Batch Jobs Management
• Portuguese version of Mifos
• Mifos 2.0.1 contained fixes and enhancements outlined in the Release Notes. 
• Mifos 2.0.2 contained fixes addressing the ability to review fees prior to submitting a loan during loan creation outlined in the Release Notes.

Additional Features in Mifos 1.6

• Scalability support for up to 1 million clients
• Branch level holidays
• Loan moratoriums
• Chinese version of Mifos - The original translation for this Chinese version is contributed by China Social Entrepreneur Foundation .
• 2 new standard reports (total of 5)
  • Detailed Aging of Portfolio a Risk
  • General Ledger Report
• Mifos 1.6.1 fix addressing periodic fees, double-byte character input