The mission of the Community for Open Source Microfinance (COSM) is to scale the growth and impact of microfinance by coordinating a global community that builds, supports, and uses Mifos, a free and open software system to more effectively and efficiently deliver financial services to the poor.
- Enable MFIs to Serve the Poor
- Coordinate Development of the Platform
- Develop the Local Support Network
- Cultivate a Global Collaborative Community
We deliver accessible technology for microfinance. COSM ensures that the Mifos technology always responds to the needs of the poor through technology that is (i) designed for the needs of MFIs through smooth and effortless adoption backed by local support, (ii) advances the cause of poverty alleviation by measuring social impact and (iii) stays current with financial services innovations for the poor.
We build a platform to serve the poor. COSM coordinates development of Mifos as a platform, steering the architecture and providing the tools, resources & mentorship to enable our community of volunteers to actively develop, release, and maintain new functionalities. Development is user-driven, guided by open processes to ensure that the product roadmap advances a platform that helps microfinance respond directly to the needs of the poor.
We power a self-sustaining framework to support technology for microfinance. COSM grows a network of Mifos Specialists, social businesses dedicated to providing a high level of technology and consulting services for microfinance. Specialists are responsible for leading adoption of the Mifos technology worldwide – we fortify them as a viable and sustainable channel, driven by the virtuous cycle of fulfilling the business opportunity of MFIs needing IT services.
We power a global community. COSM maintains the online collaborative infrastructure and fosters a culture and enabling environment to harness efforts of our global community to allow users, volunteers, and specialists worldwide to mentor and support each other. We are the glue that binds everyone together and the oil that makes our community flow smoothly, driving participation locally while connecting everyone globally.