The biggest surprise that I had about this week's reading was the whole concept of micro-financing. i was unaware that such large companies handled financing for such large impoverished areas of the world and actually turn a profit on such a wide and diverse market of small loans.
Nothing really confused me about this reading, but I was amazed how quickly the author was able to expand his business by utilizing mostly villagers with little to no experience as his loan officers, and how he was able to expand to so many villages with different and unique cultures and still find success.
Two questions:
- Is religious law a problem that you run into often working in this region of the world, or are they more isolated incidents?
- Is it easy to switch your business from a non-for-profit to a for-profit model or do people lose faith in what you are trying to do?
I did not disagree with anything from this week's reading.
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