MFIs now have started to scale up and have started adding hundereds and thousands of clients to their books every week. Most of the MFIs are managed by excel sheets and due to the size of operations it quickly starts becoming a problem for them. Let me give you an idea of this size: SKS microfinance which arguably is India's largest MFI has about 1 crore clients and about Rs. 4000 crore in loan outstanding. They are even going for an IPO very soon.
This is where MOSTFIT comes into picture. It is designed to suit the needs of a diverse model MFI with many loan products. It is built from grounds up to be completely flexible. It is written in ruby, datamapper, haml and rspec. Code resides here. We even provide an instant MIS instance on http://mostfit.in
So any MFI out there looking for a MIS should give it a try at http://mostfit.in