## Description:
The mission of Apache Fineract is the creation and maintenance of software 
related to a core banking platform that provides a reliable, robust, and 
affordable solution for entrepreneurs, financial institutions, and service 
providers to offer financial services to the world's underbanked and unbanked.

## Issues:
"There are no significant issues requiring Board attention"


## Membership Data:
Apache Fineract was founded 2017-04-18 (6 years ago, contributed by Mifos)
There are currently 51 committers and 23 PMC members in this project.
The Committer-to-PMC ratio is roughly 2:1.

Community changes, past quarter:
- No new PMC members. Last addition was Bharath Gowda on 2023-01-04.
- No new committers. Last addition was Bharath Gowda on 2022-12-14.

## Project Activity:
We have 19 contributors active with 214 commits in the past quarter.

We released a patch for security issues and a backward compatible database
migration tool March 15 (1.8.4 and 1.7.3). We took a decision in 2022 to only support the last two releases with patches, thus version 1.8 and 1.7 get a security patch. 

We intend to release version 1.9 in May 2023.


## Community Health:
Unfortunately engagement on Dev listserv is a bit down for this quarter
despite active software dev.

The community is developing good functionality and improving quality of code,
however the devs are perhaps not doing a lot of design work or discussion on
the list.

There is a lack of engagement by the broader community on planned
improvements. It would appear 90% of the list is simply "downstream" and on
various derivative forks (with no upstream contributions).   

A bright spot was the effort to create a joint roadmap - which gave the
project a useful set of activities but little follow up has occurred.

Another highlight is ongoing work to be part of the Digital Public Good
Alliance, meetings in Bangalore included discussion about how to use good open
source practices, like Apache Way.  Fineract is one of the oldest DPGs and the
only one at ASF.

There are a number of PMC members that are not participating.  Some of them
have taken themselves off of the private listserv and others have not
responded or participated in 4+ years. 

The focus for the past year at Fineract has been on making a significant
investment in the code, to make it more scalable and performant especially
around the core loan management features. 

The hope is that these improvements will drive more high quality
contributions. Historically, all deployments of the project and commercial
uses by vendors have been to take the code as a "Starter Dough" for their
deployments with nearly zero contributions coming back upstream. 

The intent therefore is to make the project more performant and useful for
vendors, such that the best vendors would be want to be on the best upstream
version and therefore to contribute back useful code, security fixes, etc.  We
are seemingly far from this goal. 

We are working to build community involvement for fixing deployment
documentation, managing the roadmap, fixing security issues, and simply doing
better at community building.  These are significant challenges, and merely
the starting point, and we hope that we can turn it around from current poor
engagement levels.  

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