What are the core structural and functional components?
Structural Components Open Framework. The open framework is a key feature of Mifos. While the initial release of the product will be a high-quality, highly functional, robust platform, making the source code available to the industry will facilitate a faster delivery of platform enhancements (including new product modules and third party extensions) and localization (an MFI in Egypt will immediately be able to take Mifos and have it modified, incorporating the Arabic language and other local requirements, without waiting on a proprietary solution provider to reach this stage in its product lifecycle). Mifos will adapt according to market-driven demands, however following are examples of new products and service delivery modes for which the Mifos platform will have the flexibility to support: Credit line products; In-house claims processing for insurance products; Remittance payments to savings accounts; New payment mechanisms such as g-cash and rural transaction systems; Integration of
