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



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JIE 011 0083

Organization

Mission

Vision

CFTS

The mission of CFTS is to identify and 

motivate poor women in the rural 

areas and to deliver financial services 

to them in an honest, timely and 

efficient manner so that our vision is 

realized and CFTS itself becomes a 

financially sustainable microfinance 

institution for the poor. 

We all see BPL women in eastern Uttar 

Pradesh and Bihar having access to 

micro credit services, and many utilizing 

them to lift themselves and their 

families out of poverty



SONATA

The mission of SONATA is to identify 

and motivate poor women in a 

cost-effective way and deliver them 

micro finance services in an honest, 

timely and efficient manner. In the 

meantime, SONATA commits to be 

professionally managed, operationally 

sustainable and financially profitable.

The vision of SONATA is to help building 

a society that contains an opportunity 

to develop the minimal socio economic 

conditions needed to live a life of dignity.

MIMO

The mission of MIMO is to strengthen 

the economic capacity of urban 

and rural micro and small business 

operators to ensure their economic 

self-reliance. 

The vision of MIMO is reaching out 

to one million households in India by 

March 2015.


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