Microfinance ChannelKnowledge Center |
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Welcome to the Microfinance Channel center of 12manage.
Here we exchange knowledge and experiences in the field of Microfinance Channel.
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What is a Microfinance Channel?A Microfinance Channel is a new distribution channel that has been created after the raise of Microfinance. See also: Channel Management. Once Microfinance Institutions had established their capillary network in certain regions, they became aware of their direct contact with thousands of people representing homogenous purchasing attitudes and needs. Leveraging their huge base of borrowers, many Microfinance Institutions decided to expand their product lines and extend them to basically any type of product that could accommodate a typical Bottom of the Pyramid customer. The challenge for these institutions is being able in the coming years to deliver products that can range from soaps, to clothes, consumer electronics, insurance, and so on. The outcome of such ongoing process is the creation of a new distribution channel particularly suited for poor households, what it is known as the Microfinance Channel. Considering that market access and distribution is a main limitation of doing business with the base of the pyramid, microfinance institutes, through their agents that visit customers everyday, constitute a breakthrough direct channel able to reach this segment. Microfinance Channel StrategiesKey strategies in order to be successful in serving these type of customers are:
Compare with: Microfinance | Microinsurance | Multi Channel Marketing | Blue Ocean Strategy | Bricks and Clicks |
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