In India, rural communities are historically the people for whom services offered by high-street banks represent an elusive source of liquidity, product innovations and financial democracy. This article explores the role of open source technology in the Micro finance sector.
What is an open source product or an OSS( OPEN SOURCE SOFTWARE )? Open source products are the end products of the product creators whose source codes are kept open to the public. Due to its flexibility, people can view the code and desired programmers can modify it ,alter it to meet their personal needs and can redistribute it to other active developers within the community.