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Business Model of Islamic Microfinance Institution: Indonesia Case

Author

Listed:
  • Imron Mawardi

    (Universitas Airlangga, Indonesia Author-2-Name: Tika Widiastuti Author-2-Workplace-Name: Universitas Airlangga, Indonesia Author-3-Name: Ari Prasetyo Author-3-Workplace-Name: Universitas Airlangga, Indonesia)

Abstract

"Objective � Islamic Microfinance Institutions (IMFIs) grown very rapidly in the last 10 years in Indonesia. On 2015, the number of IMFIs� reached more than 5,000. As a business and social entity, IMFIs has various business models, the way in providing services and manages the business to achieve its goals. This study aims to determine the business models of IMFIs. Methodology/Technique � This study uses qualitative approach by case study technique of Robert K. Yin. Subjects of this study are IMFIs in Indonesia that selected purposively with managers as a key informant. Findings � The result is the business model of IMFI is determined by eight elements, namely: organizational orientation, business and social functions, the source of capital and allocation, investors and customers, financing usage, types of contract, allocation technique, and membership. Novelty � The elements that determine IMFI, will form a business model of IMFI which determine how IMFI runs its business activities to achieve organization objective."

Suggested Citation

  • Imron Mawardi, 2017. "Business Model of Islamic Microfinance Institution: Indonesia Case," GATR Journals afr124, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:afr124
    as

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    References listed on IDEAS

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    1. Morris, Michael & Schindehutte, Minet & Allen, Jeffrey, 2005. "The entrepreneur's business model: toward a unified perspective," Journal of Business Research, Elsevier, vol. 58(6), pages 726-735, June.
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    More about this item

    Keywords

    Islamic Microfinance Institution; Business Model; Social Function.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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