OCTO Technology started the Octopus project in 2005* with Oxus, a subsidiary of a large French NGO (ACTED) with a strong microfinance presence in Central Asia

From the beginning, the idea was not only to bring an outstanding tool for a specific MFI in Tajikistan, Afghanistan and Kirgizstan, but to provide a general purpose MIS suitable for all Microfinance Institutions (MFI). Open Source was an obvious mode of distribution from this perspective.

After two years, the product was stable and efficient. More than a strong product, we had set up a very strong process. We were able to deliver new features at a very fast pace while keeping the product very stable, robust and simple

This unique ability in the market allows Octopus to aggregate the best microfinance practices found around the world, for the greatest benefit of our customers

Discover why an MFI can benefit from our Open Source positioning: freedom, community and continuous improvement.

Read more about our commitments in the Octopus Manifesto

 

*My gratitude to Marie-Pierre Caley (Acted) and Julien Cabot (OCTO) for their help in making the idea a reality in the very beginning.