User training – Getting started with
Mifos X
Wednesday, March 11 • 14:30 - 16:00
AGENDA
 Overview of Mifos X
 Configuring an Organization
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Branches / Officers
Staff
Dropdown values
Data tables
Global Configurations
Roles and Permissions
 Client management
 Capturing additional information
 Documents for KYC
Mifos X overview
Mifos X Overview
Mifos X is the next generation of Mifos, which is lead by Mifos Initative. Redesigned and built
around an API-centric, cloud-based software architecture, the Mifos X Platform is a modern,
solving the challenges of core banking systems that are too expensive, too complicated or that
have no local support.
Mifos X can be deployed in any environment: cloud or
on-premise, on or offline, mobile or PC; it’s extensible enough to support any organizational
type or delivery channel, and flexible enough to support any product, service, or methodology.
For any organization, big or small, it will provide client data management, loan and savings
portfolio management, integrated real time accounting and social and financial reporting
needed to bring digital financial services in a modern connected world. The platform is
completely open via the Mozilla Public License 2.0.
Mifos X overview cont..
Client Management
• Unlimited Individual Patrons
(Members)
• Unlimited Group Patrons
• Patron Approval Process
• Patron Closure & Blacklists
• Branch Management
• Center Management
• Duplicate Patron
Verification
• New Patron Approval
Process
• Document Attachement
(photos, applications. ID)
• Multi Language
• Multi Currency
Financial Services
Product
Management
Mobile Delivery and
Transaction
Management
• Savings (share) Accounts
• Current (checking/share
draft) Accounts
• Term Deposit Accounts
• Collateral Loans
• Savings Secured Loans
• Agriculture Loans
• Open End/Top Up/Line of
Credit Loans
• Incremental Disbursement
Loans
• Village/Group Lending
• Solidarity Group Lending
• Loan Approval Process
• Mobile Field Operations Via
Tablet or Smartphone
• Transaction Network
Interface
• Store and Forward
Capability
• Email Support
• Bulk Loan Assignment
• Bulk Collections
Assignment
• Open API For Easy
Customization
Business
Management
• Chart of Accounts
Management
• Accrual Accounting
• Statement Generation
• Cash Management
• Social Performance Tracking
• Customizable User
Permissions
• Customizable Fields
• Detailed Audit Trail
• Profit & Loss Statement
• Trial Balance
• Book Closures
Mifos Usage - Configuring an Organization
Currency configuration
Mifos X supports multiple currencies which can be applied to various products.
Admin>>Organisation>>Currency Configuration>>Add “Currency name”>>Submit
Offices
By default Head office (Edited) will be the Top Office (Parent) under which other offices (Sub
offices) can be defined, depending upon the organisation structure.
Admin>>Organisation>> Manage Offices >>Create New Office & select parent office>>Submit
Role
Input the Role name, with the description.
User>>Add Role>> Input Role name >> Input Description >> save.
Permission
Once the Role is created, click on the edit button in permission page and grant the permissions.
User>> View Role (on created) >> Permissions – Check the desired Check boxes to grant the permissions >>
save.
Mifos Usage - Configuring an Organization
User
A User is to authorize the person with respect to the assigned Roles & granting with those
specified permissions to carry out the Mifos X activities. Auto Generates password and sends
automatically to the provided email or Password can be entered manually.
User>>Add User>>Input User Name >> Input First name >> Input Last name >> Input Email ID >> Check
the check box if to Auto Generate Password to provided Email ID otherwise to manually create password >>
Select the Office >> Select Role from “Add available roles” >>Save.
Employees
Employee are the staffs of the organisation, which can be added by selecting their associated
office & entering the employee details. If the provided Employee is Loan officer then should check
the check box. If the Loan officer is under Head Office then he can be associated to sub offices as
well.
Admin>>Organization>>Manage Employees>>Create Employee>>Submit
Global Configuration
Enabling & Disabling can be done for maker checker, amazon s3, Holiday repayment.
Admin>>System>>Configuration
Mifos Usage - Configuring an Organization
Funds
Funds are the source of Money, which can be utilized while applying to the Products. Meaning suppose
if there are various funds available in the organisation and these funds should be utilized for a particular
product. For example, Fund A should be used for loan products and Fund B should be utilized for
savings products.
Admin>>Organisation>> Manage Funds>> Add New Fund
Holidays
This will provide how to manage and deal with repayments that fall on Holidays. These repayments can
be rescheduled to the desired date. If the Holidays is applied to the parent office, it will be
automatically applicable to the sub office as well or If only office is selected for the holiday it will be
applicable to that particular holiday.
Admin>>Organisation>>Manage Holidays>> Create Holiday>> Submits
Mifos Usage - Configuring an Organization
Codes
Codes is used to define the drop down fields and it's dropdown values.
Admin>>System>>Manage Codes
System defined: By selecting available codes and Adding code values
Ex 1: Payment Type >> Name: Cash, Position: 1; Name: Cheque, Position: 2;
Ex 2: Loan Collateral >> Name: Gold, Position: 1; Name: Property, Position: 2
Ex 3: Gender >> Name: Male, Position: 1; Name: Female, Position: 2
Manually defined : By Adding Code & then Adding Code values
Ex 4: Dependence detail>> Name: Spouse, Position: 1; Name: Parents, Position: 2; Name: Children,
Position: 3;
Data table
Data tables enables to capture the additional details of clients/ Group/ Center/ Loan/ Office/ Savings
account.
Admin>>System>>Manage Datatables
Creating the data table
Ex: Name: Client Gender,
Select Application table name: Client
Field 1 >> Gender; Type – dropdown, (If the Type is dropdown has to select the code)
Selecting Code, from code Ex 3: Name: Gender
Mifos Usage – Client Management
Creating Client
Client can be created by activating or submitting for approval.
Clients>>Clients>>Create Client
A client can be created by capturing the basic information through the provided fields. It also has
features like :Capturing Signature, Photo, KYC documents, Additional information through data tables.,etc
Group
Groups can be created by selecting available clients to be a member of the group or it can be created
without any members. Created groups can be able to Associate members with existing clients and it
can be able to add clients also. Supports Group Loan, Group Savings, JLG Loan.
Clients>>Groups>>Create Groups
Centers
Centers can be created by selecting Groups, and to which this Center belongs to.
Clients>>Centers>>Create Centers
Thank You