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Fineract was donated by Mifos.org, a US based charity with a financial inclusion mission which had developed the fully featured MifosX and released as open source in 2010 (which was generation 2 of the Mifos software). While many members of the PMC trace their involvement to the project to financial inclusion, the intent of the project is to attract a range of innovators involved in offering account services to consumers everywhere. Financial services should be available to all. 

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