- The rate of loan repayment in this article is insane. You'd think because of the unsecure nature of the loans that SKS Microfinance wouldn't have such a high repayment rate (99.5%) but they make it work. That's fucking awesome.
2) Identify at least one part of the reading that was confusing to you.
- None of it was confusing. This business and article was extremely straightforward and utilized basic business concepts such as having high volume with low margins that were easy to understand.
3) If you were able to ask two questions to the author, what would you ask? Why?
- What's next? Will Vikram Akula be expanding to other countries? Have there been any other companies that have tried what she is doing? Is it because she's adopted a profit-driven model, in part, that this has been so successful? Are there any companies that are providing micro financing specifically to men? Why or why not? Very curious about these answers. Microfinancing seems like a very tangible and exciting solution to poverty.
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
- I don't think Akula was wrong about anything but I would like to see information about the rate of loan repayment for men. It doesn't seem fair to lump all men together and completely exempt them from micro financing simply because research has shown that they don't generally pay back loans. I'm sure there are some men in India who could very much benefit from micro financing to support their families or improve their situations. Maybe they should go through an extra screening process but I don't think it is fair to not lend to them at all.
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