Repositioning a Microfinance Institution

Client/Funder

  • Spandana

Sector

  • Financial Services

Service

  • Storytelling

Spandana is one of Asia's largest micro-finance institutions serving more than 1 million clients below the Poverty Line (BPL). Working on the hugely successful self-help group model of microlending, the transformation of Spandana over the last decade from an NGO raising its own funds to India's largest micro-finance institutions (MFI) that has support from most mainstream institutional lenders, has been unprecedented.

We were approached with the challenge of re-visioning the Spandana brand and articulating the new identity of the organisation to all interested stakeholders.

It involved, foremost, the design team understanding the brand and all interfaces that it had with its customers. The attempt was also to uncover stories that would be inspirational and become the guiding beacon for designing the new face of the organisation.

Quicksand embarked on a design research exercise that involved:

  • Visioning workshops with the top management & CEO of Spandana, Mrs Padmaja Reddy.
  • Contextual research with Spandana's customers, experiencing the micro-lending process first-hand.
  • Extensive film & photographic documentation of the people, processes and places touched by Spandana.

The ensuing design exercise resulted in a new identity, a film and a manifesto for the brand that was unveiled at the largest MFI summit held annually in Canada. Spandana was subsequently also co-invested in by Lok Capital (a micro finance-focused equity fund) & JM Financial.

Click on the images below to preview the film & manifesto designed. You may also download the manifesto by clicking here.

The manifesto was printed on recycled paper, symbolic of an inspirational story of the founder of Spandana selling discarded newspapers to raise the first corpus of funds for lending. The film was shot at different centres of Spandana while living with the customers & documenting their lives as narrated by them.