Back at it again with the reading reflection. This week our reading was "Business Basics at the Base of a Pyramid" on the Harvard Business Review. With that, let's get started!
What Surprised You?
I was amazed that SKS Microfinance was profitable. When you explain the original business idea, it sounds like a charity or a non-profit, but to believe it is extremely profitable is amazing.
What Was Confusing?
I was confused with to how he was able to start the company all by himself. He did not mention bringing any workers or friends a long when he started. Typically Micro-financing companies need a good amount of manpower, so I was curious to know how he handled the beginning of his business. The article kind of skipped the beginning.
Questions for the Author?
1. Will you ever expand your company to other poor companies, or just remain throughout India?
2. Do you think your next generation of Microfinance will catch on to other companies?
Disagreements?
There is nothing I disagree with, the company has an excellent business model and the article is well written and clear
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