Abstract
Purpose of the study: This study aims to explore the Sidogiri Islamic Boarding School (IBS) that have Islamic Micro Finance Institutions (IMFI) business portraits and strategies to develop the business model.
 Methodology: The paper using qualitative method using study case. It observation, interview, and review previous study.
 Main Findings: Pondok Pasentran (PP) Sidogiri has developed business network model that keeps part of social function. There are three business model that runs by PP Sidogiri; value chain, networking mode, operating model and value preposition . All the business model based on Islamic principles. There are three practical strategies includes the need for integration and awareness related to business models that involve all components of the business network owned by IBS Sidogiri.
 Implications of the study: This conceptual study highlights practical development strategies for Sidogiri IBS IMFI based on the potential, through business network, management and performance measurement model of PP Sidogiri.
 Novelty/Originality of this study: The paper suggests development strategies based on the network which involves all components of a large business network owned by PP Sidogiri, including santri, branch madrasa, UGT, alumni and sympathizers who form a unified whole as a business network.
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