A_Microfinance_Mis

A Microfinance MIS Your Name Here Axia College University of Phoenix August 11th, 2010 Dr. Veronica Sims A Microfinance MIS Mifos is a company that provides microfinancing to underprivileged countries around the world, specifically in many parts of India. Mifos offers small loans to people who have nothing, and allows them to start a business of their own. Mifos also builds locations everywhere, so that it can reach all the people that could benefit from what it has to offer. It allows for them to make money, even if they have nothing to start out with. Mifos uses open source technology because it is cost effective. Open source technology is great because it is highly adaptable, and flexible. The Mifos software allows for business owners to organize their business. The user can view fees, funds, checklists, holidays, and offices. Users can also post reports on their business’s progress. They can post information about meetings as well. This software meets all the basic requirements for a small business. The leaders of the Grammen foundation hope that one day this foundation will be self sufficient, being that it is completely self sufficient. References Grammen Foundation. (n.d.). Open Source Technology for Microfinance. Retrieved August 11, 2010, from Mifos: www.mifos.org Week 2 Checkpoint - A Microfinance MIS | Write a 200-word description of what the software offers. Identify the components of the Mifos database. Format your paragraph according to APA guidelines. |   | Value | Earned | Awarded | * Describes the software’s capabilities * Identifies components of the database | 20 | 20 | Your checkpoint was detailed and specific; you met the required word count. Details and explanations are presented, using specific words that give the reader a clear picture. | * Cites references, if used, properly * Format is logical and understandable * 200 Word count met | 5 | 5 | Met. | * Follows rules of grammar, usage, and punctuation, and spelling is correct * Follows APA standard formatting | 5 | 5 | Your Checkpoint follows APA standard formatting and grammatical, usage, and/or punctuation errors were minimal. | Late Penalty (10% per day - cannot exceed four days) |   |   |   | Total | 30 | 30 | | Your checkpoint was detailed and specific; you met the required word count. You addressed all parts of the writing assignment by demonstrating a clear understanding of the components of the Mifos database. Details and explanations should be presented, using specific words that give the reader a clear picture. My comments are meant to help you with future assignments. Remember, my virtual door is always open. |