This paper aims to build upon the various studies conducted on the ecosystem and expands the understanding of the ecosystem of microfinance institutions (MFIs) in India. The discussions in this essay entail a literature review that analyzes the discourse on the ecosystem of MFIs, and based on this an attempt has been made to conceptually design a model for the ecosystem of MFIs in India.,The authors design the “Indian microfinance ecosystem model” based on the actors in the broader financial ecosystem (Bloom and Dees, 2008; Ledgerwood and Gibson, 2013) and the capital infrastructure and the context-setting factors of the social entrepreneurship ecosystem (Dees et al., 2008) that best describes the Indian MFI scenarios.,The ecosystem of MFIs in India is found to be very complicated. The interactions among numerous actors – who are core product or service providers, facilitators, client, beneficiaries, resource providers, competitors, complementary organizations, regulators, opponents and influential bystanders. The authors also observed that the capital infrastructure and context-setting factors such as policy, politics, media, economic and social conditions are equally crucial for the MFIs to survive and flourish. Moreover, the ecosystem is also dynamic and could change with the environmental conditions and entry of new entrants into the ecosystem.,Understanding the ecosystem of MFIs from the strategic perspective would also be of interest to stakeholders such as donors, investors, banks, government and so on. For MFIs, knowing their place in the ecosystem is an essential step in determining their strategy.,Understanding the elements of the ecosystem would help MFIs to assess whether they have achieved the minimum critical environmental conditions in the ecosystem for their business model to succeed.,Better understanding of the ecosystem will help create social benefits through better service delivery to the low-income population.,Expands the existing business ecosystem literature by extending it to the social policy, social entrepreneurship and more specifically to the microfinance sector. Fills a void in ecosystem literature by designing a comprehensive ecosystem model of MFIs in India. Understanding the ecosystem would help market system actors and facilitators to understand what they have to do to achieve their objectives of participating in the ecosystem. Knowing their place in the ecosystem is an essential step in determining what they should do and how they should do it. In addition to MFIs, it could have important implications for policymakers, particularly the government, that are trying to achieve financial inclusion.

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了解印度的小额信贷机构的生态系统

本文旨在基于对生态系统进行的各种研究，并扩大对印度小额信贷机构（MFI）生态系统的理解。本文中的讨论需要文献综述，以分析关于小额信贷机构生态系统的论述，并在此基础上尝试从概念上设计印度小额信贷机构生态系统的模型。作者设计了“印度小额信贷生态系统”。 “模型”基于更广泛的金融生态系统中的参与者（Bloom和Dees，2008年； Ledgerwood和Gibson，2013年）以及资本基础设施和社会企业家生态系统的环境设定因素（Dees等人，2008年）在印度的小额信贷机构情景中，印度的小额信贷机构生态系统非常复杂。众多参与者之间的互动-核心产品或服务提供商，协调人，客户，受益人，资源提供商，竞争对手，互补组织，监管机构，反对者和有影响力的旁观者。作者还观察到，资本基础设施和环境设置因素（例如政策，政治，媒体，经济和社会条件）对于小额信贷机构的生存和繁荣同样至关重要。此外，生态系统也是动态的，并且可能会随着环境条件的变化和新进入者的进入而发生变化。从战略角度了解小额信贷机构的生态系统也将使利益相关者感兴趣，例如捐助者，投资者，银行，政府和政府。很快。对于小额信贷机构来说，了解它们在生态系统中的位置是确定其策略的重要步骤。了解生态系统的要素将有助于小额信贷机构评估它们是否已达到生态系统中的最低关键环境条件，以使其商业模式得以成功。更好地了解生态系统将通过更好地向低收入者提供服务来帮助创造社会效益。人口。通过将现有商业生态系统文献扩展到社会政策，社会企业家精神，尤其是小额信贷领域，扩大了文献范围。通过设计印度小额信贷机构的综合生态系统模型，填补了生态系统文献中的空白。了解生态系统将有助于市场系统参与者和促进者了解他们为实现其参与生态系统目标所要做的事情。了解他们在生态系统中的位置是确定他们应该做什么以及应该如何做的重要步骤。除了小额信贷机构，这可能对试图实现金融普惠的政策制定者，特别是政府产生重要影响。