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From Ross Gardler <>
Subject RE: [PORPOSAL] Fineract
Date Fri, 04 Dec 2015 07:34:51 GMT
Thanks Markus, I'm excited to see this project being proposed as an incubating ASF project.

IPMC, the proposal is in the wiki at

-----Original Message-----
From: Markus Geiß [] 
Sent: Thursday, December 3, 2015 11:32 PM
Subject: [PORPOSAL] Fineract

Hey all,

hope this finds you well.

We, the Mifos community, want to propose our project for incubation.

Please find the proposal below.

= Fineract Proposal =

== Abstract ==

Fineract (\’fīn-,ə-ˌrakt\: A hypercube for digital financial services) is an open source
system for core banking as a platform. Fineract provides a reliable, robust, and affordable
solution for entrepreneurs, financial institutions, and service providers to offer financial
services to the world’s 2 billion under and unbanked.

== Proposal ==

The aim of this proposal is to bring the Mifos X codebase and community under the Apache Software
Foundation (ASF) umbrella in order to help coordinate the development effort of the growing
number of organizations which contribute to it, and give it the confidence of the neutral,
transparent, and open source governance policy of the ASF.

The name Mifos X will remain the property of the Mifos Initiative (a US based 501(c)(3)) and
will be used for a specific distribution of the Fineract code. All development efforts of
the Mifos Initiative will be transferred to the Fineract project.

== Background ==

Mifos X is a mature and robust platform that provides loan, savings, and business management
functionality based on market proofed requirements. The project was started in 2006 at the
Grameen Foundation, initially creating the Generation One  solutions of Mifos 1 and Mifos
2, the industry’s first open source and web-based MIS, to support the Joint Liability Group
(JLG) lending methodology created by Mohammed Yunus, which gained him and the Grameen Bank
the Nobel Peace Prize for his financial work in 2006.

In 2011 the independent Mifos Initiative, a 501(c)(3), was founded with two
 1. Create the Generation Two solution Mifos X,  an extensible API-driven platform purpose
built for Financial Inclusion  2. Build and govern an open source community of users, developers,
and service providers committed to using Mifos X for Financial Inclusion.

Since then a worldwide community of users, partners, and volunteers has grown that utilizes,
develops, and supports Mifos X. More than 40 partners from Africa, India, China, South-East
Asia and Latin America, with over 120 deployments and 3.5 million clients, have enhanced the
platform based on regional requirements and national regulatories.

== Rationale ==

Financial Inclusion - providing financial services to the world’s 2 billion under and unbanked,
enabling them to become a part of the global economy - requires an affordable, reliable, scalable,
and robust solution.

The adoption of mobile solutions and digital financial services is increasing at an incredible
pace and has led to an influx of new innovators, financial institutions, and service providers
into the Financial Inclusion space and into the Mifos community which is growing at an accelerating
rate year-over-year since 2012.

Our rationale for joining the ASF is that as an Apache project we can better manage the growth
and governance of our community and provide the community the confidence of sustainable long-term
open source management, which strengthens their commitment and continues the growth of our
vibrant, diverse community, collectively innovating around a single codebase, sharing the
social mission to eliminate poverty.

== Initial Goals ==

The initial goals of the Fineract transition under the ASF umbrella are to establish a new
home for an already fully functioning project, and also make sure that the entire development
community governs itself in the Apache Way.

In addition, we will ensure:
 1. All dependencies are compliant with the Apache License and the ASFs licensing policies.
    a. To become compliant a refactoring of the reporting module is necessary to be able to
swap out the Pentaho Reporting Engine. This work will be undertaken during incubation.
 2. Ongoing development based on our collaboratively established 2016 roadmap, and bring the
process into the Apache Way.
 3. Creating releases per Apache guidelines.

== Current Status ==

=== Meritocracy ===

We already have attributes of meritocracy embedded in our community.
 * We have a developer email list which identifies active community members who then become
committers .
 * On the user email list new features are introduced and discussed, forming the product roadmap,
and prioritization is based on merit and need.
 * We have successfully graduated 13 Google Summer of Code interns, many of whom have become
long-term committers and developers to the project.

=== Community ===

There are more than a hundred developers within an active developer mailing list. We have
a large and growing installed base of users (financial
institutions) and a diverse eco-system of regional service partners who support and deploy
Mifos in their communities, and solution partners who have built financial inclusion solutions
on top of Mifos. The community has held three annual conferences (2012, 2013, and 2015) where
the community gathers to connect implementers with developers,  sharing their knowledge to
collaboratively build innovative solutions.

If Fineract is accepted by the Incubator, transitioning the community to embrace the Apache
Way of governance would be a primary initial goal. We will solicit major existing developers
to become committers on the project from the beginning.

=== Core Developers ===

The core developers are a diverse group of individuals already very experienced in open source

Edward Cable is a co-founder of the Mifos Initiative, and has established the current community
and governance model, Sander van der Heijden is the CTO of Musoni Services, one of the first
companies to create a commercial product on top of the platform, that is completely mobile-based,
and Markus Geiss started as a volunteer and was appointed Chief Architect this year.

A broad base of committers around the Mifos developer team from Conflux Technologies is made
up of volunteers (e.g. Michael Vorburger, Product Manager Design Studio at Temenos AG, Ishan
Khanna a graduate student at Bhagwan Parshuram Institute of Technology, or Terence Monteiro,
Founder & Director of SanJose Foundation) supporting and guiding contributors, and governing
the code base.

=== Alignment ===

Transition to ASF is a natural progression towards collaborative software development and
commercial-friendly standard licensing. Brian Behlendorf and Zaheda Bhorat, both open source
community leaders, in their role as advisors for the Mifos Initiative, helped us to establish
a community that shares a vision based on a philosophy that is well aligned with the Apache

== Known Risks ==

=== Orphaned products ===

The community proposing Fineract for incubation is a strong and vibrant open source project
with a large installed base of users that is growing at an increasing rate year-over-year
from 2011 through 2015. In addition to the commitment from the non-profit Mifos Initiative
to move its development efforts to the Fineract project, the size and diversity of the community
is a guarantee against the project being orphaned.

=== Inexperience with Open Source ===

We have managed Mifos as an open source project since inception. Every release has been open
source. We have open source community processes, such as a developer mailing list, community
conference calls, a collaborative and transparent product roadmap, and an annual developer
conference open to all.

Our leadership has extensive open source experience. Our chairman, Paul Maritz, was CEO of
VMWare and CEO of Pivotal where he lead open source initiatives at both companies. At Pivotal,
he championed the Spring open source framework and directed 3 Pivotal projects into Apache
projects, including Geode, HAWQ, and MADlib.

Our board member Dave Neary has spent 4 years with Red Hat, building their open source developer
community, and is a member of the GNOME Foundation since 2004.

=== Homogenous Developers ===

The initial group of committers is heterogeneous when it comes to corporate affiliations.
The community is extremely diverse in terms of geography, the backgrounds of developers, and
the diversity of roles they play in the community, such as users, regional support partners,
and solution partners.
Since its inception, the entire community has contributed to the software across a distributed
and transparent infrastructure and environment.

=== Reliance on Salaried Developers ===

Our developer community consists of a mix of salaried developers who are committed to the
code base and volunteers.

The salaried developers work for (i) the Mifos Initiative, a 501(c)(3) non-profit; (ii) financial
institutions that use Mifos X; (iii) regional service providers committed to financial inclusion
that deploy and support Mifos X in their communities; or (iv) solution partners that build
and distribute custom solutions on top of Mifos X.

We also have pure volunteers who contribute, often through hackathons and corporate social
responsibility programs such as Benetech’s Social Coding 4 Good, LinkedIn’s Day for Good,
Google’s GoogleServe, ThoughtWorks Social Impact Program, and VMware Take 3 Sabbatical program.

This diversity of roles and developers adds to the sustainability of the project.

=== Relationships with Other Apache Products ===

Currently we are utilizing some Apache projects, like Tomcat, POI, commons-lang, or HttpComponents,
there are no additional relationships right now. In 2016 further Apache projects, like Apache
OpenJPA, and Apache Geode, will be introduced to the project.

The platform is built on top of the Spring Framework, utilizing multiple modules, like Spring
Data, Spring Web, or Spring Security.

=== An Excessive Fascination with the Apache Brand ===

While we respect the reputation of the Apache brand we see a benefit for both sides. We bring
a stable and mature community with a deep rooted social mission and are able to give Fineract
a solid home as an open source project following an established development model.

== Documentation ==

Information about Mifos X can be found at

== Initial Source ==

Initial source is available on GitHub under the MPLv2 at

== Source and Intellectual Property Submission Plan ==

The Mifos Initiative owns all copyright to all contributions and has the legal right to sign
the ASF Software Grant Agreement. As soon as Fineract is approved to join Apache Incubator,
the source code will be transitioned via the Software Grant Agreement onto ASF infrastructure
and in turn made available under the Apache License, version 2.0.

== External Dependencies ==

| Vendor                     | Library           | License      |
Compatible |
Inc.           | AWS Java SDK      | AL v2        | yes
| Apache Software Foundation | Commons           | AL v2        | yes
| Apache Software Foundation | Tomcat            | AL v2        | yes
| Apache Software Foundation | POI               | AL v2        | yes
| Apache Software Foundation | HTTPClient        | AL v2        | yes
| Ben Fortuna                | iCal4j            | BSD 3-clause | yes
| Boxfuse GmbH               | Flyway DB         | AL v2        | yes
| Bruce Dunwiddie^1^         | JavaCSV           | LGPL v2.1    | no
| Google, Inc.               | gson              | AL v2        | yes
| Google, Inc.               | guava             | AL v2        | yes
| iText Group NV             | iText             | MPL v1.1     | yes
| Jayway                     | JsonPath          | AL v2        | yes
| Jayway                     | RESTassured       | AL v2        | yes
| JUnit                      | JUnit             | EPL v1       | yes
| Michael Vorburger          | MariaDB4J         | AL v2        | yes
| Oracle, Corp.              | JAX-RS            | CDDL v1      | yes
| Oracle, Corp.              | Jersey            | CDDL v1.1    | yes
| Oracle, Corp.^2^           | MySQL Connector/J | GPL v2       | no
| Pentaho, Corp.^3^          | Reporting Engine  | LGPL v2.1    | no
| Pentaho, Corp.^3^          | Reporting Library | LGPL v2.1    | no
| Pivotal Software, Inc.     | Spring Boot       | AL v2        | yes
| Pivotal Software, Inc.     | Spring Framework  | AL v2        | yes
| Pivotal Software, Inc.     | Spring Security   | AL v2        | yes
| Sam Pullar                 | Mustache          | AL v2        | yes
| Square, Inc.               | retrofit          | AL v2        | yes
| Square, Inc.               | okhttp            | AL v2        | yes
| Stephen Colebourne         | Joda-Time         | AL v2        | yes
| Szczepan Faber             | Mockito           | MIT          | yes
| Terracotta, Inc            | Quartz            | AL v2        | yes
| Terracotta, Inc            | Ehache            | AL v2        | yes
 * ^1^ = can be removed
 * ^2^ = can be replaced
 * ^3^ = need an abstraction on our side to become replaceable

== Cryptography ==

The only cryptography included by the project will be via library inclusion, and will be used
to encrypt stored user data on mobile devices and in cloud storages.

== Required Resources ==

=== Mailing lists ===

 * (moderated subscriptions)

=== Git Repository ===

=== Issue Tracking ===

JIRA Project Fineract (FINERACT)

=== Other Resources ===

 * Project website (
 * Fineract Wiki pages (

== Initial Committers ==

The following list comprises the current long term committers and does not contain occasional

 * Vishwas Babu AJ (vishwas at confluxtechnologies dot com)
 * Edward Cable (edcable at mifos dot org)
 * Andrew Dzakpasu (andrewdzakpasu at musoni dot eu)
 * Markus Geiss (mgeiss at mifos dot org)
 * Sander van der Heijden (sander at musoni dot eu)
 * Ishan Khanna (ishan1604 at gmail dot com)
 * Myrle Krantz (mkrantz at mifos dot org)
 * Terence Monteiro (terence at sanjosesolutions dot in)
 * Adi Nayaran Raju (adi dot raju at confluxtechnologies dot com)
 * Gaurav Saini (gsaini at apache dot org)
 * Nazeer Hussain Shaik (nazeer dot shaik at confluxtechnologies dot com)
 * Michael Vorburger (mike at vorburger dot ch)

== Affiliations ==

 * Vishwas Babu AJ (Conflux Technologies)
 * Ed Cable (The Mifos Initiative)
 * Andrew Dzakpasu (Musoni Systems)
 * Markus Geiss (The Mifos Initiative)
 * Sander van der Heijden (Musoni Systems)
 * Myrle Krantz (The Mifos Initiative)
 * Terence Monteiro (SanJose Foundation)
 * Adi Nayaran Raju (Conflux Technologies)
 * Nazeer Hussain Shaik (Conflux Technologies)

== Sponsors ==

=== Champion ===

Ross Gardler

=== Nominated Mentors ===
 * Ross Gardler
 * Roman Shaposhnik

=== Sponsoring Entity ===
Incubator PMC


*Markus Geiss*
Chief Architect
RADAR, The Mifos Initiative | Skype:
| Mobil: + |
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