Saturday, April 23, 2016

Week 15 Reading Reflection

1. One of the fascinating things I learned from this reading was the idea of microfinance. Before reading this, I did not have any idea of what microfinance even is. It's incredible how this is able to change the lives and impact so many people by providing such small loans and such great amenities. Even though the returns rates are slow and low, I find it amazing how this company is able to thrive off of sheer numbers alone and is able to survive with such a high repayment rate.
2. The most confusing part is how this company was able to grow so rapidly when investors heard the fact of repayments of as low as $1 per week.
3. How were you able to seduce investors initially and encourage them to contribute to your company? How profitable is microfinance and how successful is it at helping its customers escape poverty on average?
4. I did not disagree with anything. I really enjoyed this story about microfinance and this amazing company.

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