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IBM partners in scheme to reduce poverty
Submitted by admin.
on 2007-10-20 16:20.
BM has announced that it will collaborate with the Grameen Foundation to help microfinance institutions (MFIs) better serve the world's poor communities. Together they will expand the Grameen Foundation's open source microfinance software platform, Mifos.
The goal is to provide MFIs with software that streamlines the lending process and cuts costs so that they can expand their operations to provide loans to more people and offer a wider range of services. IBM will assist in building added functionality and making the application more robust.
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