I tried explaining our Philosophy to him:
"As a startup we meet most of our expenses through non-Micro-finance related activities (work for hire for some US based companies etc...), which gives us precious little time to work with Micro-finances, something which we love doing.
We would rather spend this time helping small/medium sized MFI's and occasionally startup MFI's (we love them, especially under the current market scenario) move to an awesome open-source MIS than haggling over prices/costs.We display the best prices we (or anybody else) can possibly give, right here on our web site. We know for sure that there are socially responsible MFI's out there who would pass on the benefits of having a flexible, robust and inexpensive MIS to their members."
"Aah..." said my friend, "I wonder if the benefits would go beyond the shareholders"
We shall find out soon enough.....