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On completion of java installation,one could verify the installed version by & should be 1.8v:-

# java -version 

Install mysql-server :  (Only version 5.5 or version 5.6)

# sudo apt-get install mysql-server

On completion of javaMySQL installation,one could verify the installed version by & should be 5.5v or 5.6v:-

# mysql --version

Install tomact : 

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# cd /usr/share/tomcat7/lib

# sudo wget http://central.maven.org/maven2/org/drizzle/jdbc/drizzle-jdbc/1.3/drizzle-jdbc-1.3.jar

Download mysql jdbc connector

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Edit /etc/init.d/tomcat7

# sudo nano /etc/init.d/tomcat7

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Step 3 - Fineract Platform and Database Setup/Population

Download and extract Fineract platform:

# cd /usr/src

# sudo wget https://sourceforge.net/projects/mifos/files/Mifos%20X/fineractplatform-16.03.03.RELEASE.zip

# sudo apt-get install unzip

# sudo unzip fineractplatform-16.03.03.RELEASE.zip

# cd fineractplatform-16.03.03.RELEASE

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Initialize Fineract Platform Database(s)

# # mysql -u root -p

Enter mysql root password, and in mysql console type: 

create database `mifosplatform-tenants`;
create database `mifostenant-default`;
exit # mysql -u root -pmysql mifosplatform-tenants < database/mifospltaform-tenants-first-time-install.sql 

Optional - If you want to load sample data, otherwise you could skip this parpart: 

# mysql -u root -p mifostenant-default < database/migrations/sample_data/load_sample_data.sql

Step 4 -

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Copy Apache Fineract war file into webapps directory

Extract the release binary and copy fineract platform war file Copy fineract-platform and community app into Tomcat's webapps folder: 

# sudo cp fineract-provider.war /usr/share/tomcat7/webapps/# cd /usr/share/tomcat7/webapps

 and finally to start

Finally start tomcat as service with below command

# sudo /etc/init.d/tomcat7 start

Setup is complete and mifos Fineract platform should be running. 

OPTIONAL:
*in separate terminal you may watch your Mifos(logs) come to life like this: 

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(if all is good, after a while of loading, you should see something like: Root WebApplicationContext: initialization completed in 45876 ms)

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Appendix A - To change mysql username/password

Change Mifos default mysql password:

# apt-get install phpmyadmin

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