Sunday, April 24, 2016

Week 15 Reading Reflection

1) I actually read about micro-financing in my marketing class! The whole concept to me is shocking in a good way. It's a great process and it helps many many people in developing countries, especially women who aren't often given money. Microfinancing also has great repayment rates which is very reassuring to the whole process.

2) I was most confused by why the DDS (where the author worked before founding his company) wouldn't serve the extra village. And how was that company worse off than his own.

3) I would ask why did he learn from Starbucks and McDonalds and not other companies who have quality standards. I would also ask if he thinks that this is the best solution for helping the impoverished. I would also ask if he thinks this can be used in America to help the impoverished here.

4) He said the concept of microfinancing was created in 1976 however, google said similar practices of small credit loans have been a thing since the 1700s.

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