Factors influencing new product development in microfinance institutions: a perspective from north Indian microfinance institutions



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JIE 011 0083

Training to staff

Well performing staff were chosen 

among the existing staff. These staff 

were given training on the Bada Loan 

and its processes.    

Some of the internal staff are 

taken from the organization 

and some new staff has been 

inducted in the ratio of 60:40 

to pilot test this new loan. 

Existing staff are trained 

for the product delivery. 

However, their designation 

changes according to the 

product. 

Staff were trained thrice to 

make them aware about the 

product and services. Existing 

staff were picked up for the 

operations initially.  




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