This week's reading can be found here, and I highly suggest you read it. I guess after all the Kuratko and theory-based reading, the biggest surprise this week was the article itself. Real-life, altruistic entrepreneurship. And it's really working. It's working for the customer, it's working for investors and it's accomplishing what it set out to, providing microloans to "the base of the pyramid."
I'm not sure I can do the article justice.
How did the author, owner of SKS Microfinance Vikram Akula get the drive to pursue so specific a business model? He's targeting women in India, mostly rural communities. How did he conduct his research? He mentions that women are more likely to reinvest, but where is that information from? And his structure of lending to a group of women whose loans are tied together...how was that prospect not terrifying? I imagine Akula has a lot of research to back up his practices.
As long as his business is functioning and serving its purpose, I can't claim Akula is doing anything "wrong." How could it be wrong when it's oh so right?!
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