Emerging growth model for micro financing institutions – banks or non banking finance companies

In recent years there is sudden spurt of growth could be observed in micro financing institutions. These could be largely attributed to increasing stress given for inclusive growth and apparent success perceived in micro financing institutions to outreach poor on a sustainable business model. So much so the pioneer of MFI Mohd. Yunus gave a call to youths to seize the opportunity to build a sustainable business model for poor by developing MFIs with the help of innovative technology to outreach them with least cost and maximum benefits.