The Community for Open Source Microfinance (“COSM”), in conjunction with Software Freedom Conservancy, is proud to announce that COSM will assume full stewardship of Mifos®, an award-winning free and open source software platform for microfinance, effective immediately. Conservancy, a non-profit fiscal sponsor for Free Software projects and the previous non-profit home of the Mifos project, will assist in COSM in the transition and will donate all the Mifos copyrights, trademarks, and domain names to COSM.
In turn, COSM plans to reunite the project and brand under the name, Mifos Initiative, and will serve as both the new non-profit home for the Mifos project and as the community hub for developers, microfinance institutions, vendors, development consultants, and users that together comprise the Mifos community.
We're excited to step into the future under the Mifos banner, said Craig Chelius, Executive Director of the newly-renamed Mifos Initiative. We'd like to thank Conservancy for shepherding the Mifos project during this transition, and we're ready to lead all aspects of the movement to enable the use of open source technology for financial inclusion as a development tool to help the world's poor.