ASOMI

Independent implementation of Mifos® Community Edition helps ASOMI set sights on rapid expansion to the poorest and most under-served in Northern India. 

In only six short years, ASOMI has helped more than 33,000 women and men in the poorest regions of the Indian state of Assam use transportation, housing, and other types of loans to build better lives for themselves and their families. After such rapid growth, staff at each of ASOMI's 30 branches reported spending 4-5 work days each processing simple data tasks, and were frustrated that this time couldn't be spent helping more of the regions poor. Coupled with the goal of expanding to serve 200,000 clients within the next five years, president and CEO, Subhra Jyoti Bharali, knew that a technology upgrade was crucial.

He researched a variety of open source software and chose Mifos for its easy ability to be integrated and grow with ASOMI's processes and to handle multiple loan products. IT manager Puspadhar Das began implementation with the help of a local partner, and then completed it independently, helping ASOMI save on consulting costs. Since deployment across all area offices in February 2009, the organization has already seen a decrease in staff time spent on reporting tasks, as well as a financial return. ASOMI now looks forward to rolling Mifos out to its outlying rural branches, and using the software to begin developing new loan products and services for their clients.  

Since becoming a Mifos customer, ASOMI has worked more closely with Grameen Foundation to scale their growth.  They've recently received a Pioneer Fund loan to expand their outreach to the poorest regions and are working with Grameen Foundation's Human Capital Center to maximize performance of their staff.

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