Microfinance offers a means for reaching the poor who are left out of the formal financial sector. A fundamentally new way is needed to create a scalable and sustainable business model to meet this unmet need: a catalytic innovation. Our study focused on Swayam Krishi Sangam (SKS), an archetype of a catalytic innovator. The insights gained from our 3-year longitudinal study led to the proposed framework for a catalytic innovator encompassing five factors: customer focus on the poor and social entrepreneurship for the social mission. operational innovation, information technology, human capital management for scaling, and financial sustainability.
- framework for a catalytic innovator in microfinance,
- innovaction in microfinance,
- microfinance institutions,
- social entrepeneurship
Available at: http://works.bepress.com/devendra_potnis/3/