For a successful product offering detailed market research and professionally managed product development process are the important pre requisites. Individual lending (IL) to the poor is no exception and for a successful IL product the institutions first need to know their client needs.
Strategic issues that need to be on the top priority of the higher management of an MFI venturing into the business of individual lending include:
– Institutional mission
– Industry and competitive environment
– IL client segmentation
– Institution’s capacity to deliver the product
This note attempts to highlight the importance of these strategic issues in detail.
Blog
Evolution of Products & Biggest Challenge in Microinsurance Part 3
In this video series-3, Michael McCord, President, MicroInsurance Centre, LLC, talks about the factors that have pushed the growth of microinsurance and has led to the evolution of various products.
Best Potential Delivery Channels for Microinsurance Part 2
In this video series-2, Michael McCord, President, MicroInsurance Centre, LLC, talks about the best potential delivery channels for microinsurance. He enlists the benefits of providing microinsurance by MFIs.
Mechanisms of Implementing Microinsurance Part 1
In this video series-1, Michael McCord, President, MicroInsurance Centre, LLC, gives a definition of micro insurance and talks about the mechanisms of implementing microinsurance successfully.
Portfolios of the Poor: Expert Review 1
In this video William Easterly Professor of Economics at New York University explains how the book ‘Portfolios of the Poor’ has given a more realistic human view at the life of poor people and how it changes the perspective on the “consumption smoothing” concept.
Portfolios of the Poor: Implementing Lessons Learnt
In this video, Daryll Collins, co-author of “Portfolios of the Poor” and Senior Associate, Bankable Frontier Associates, talks about implementing lessons from Portfolios of the Poor in South Africa.