13A - Reading Reflection
1) You read about an entrepreneur:
- What surprised you the most? I was surprised how well organized his system, the Grameen bank, were. It was an unofficial system, but it was intelligently laid out for success.
- What about the entrepreneur did you most admire? I really admired his faith in people. He trusted the poor community to work hard and return the money, with no guarantee at all. I admired his compassion and acceptance of those that were not normally accepted/
- What about the entrepreneur did you least admire? Muhammad Yunus was mentioned to have a few instances of pridefulness, seen when he was planning his speech for receiving his Nobel prize.
- Did the entrepreneur encounter adversity and failure? If so, what did they do about it? Yunus encountered a huge amount of adversity. Many did not trust his method of loaning and return, so he dealt with mocking and hate from others. At one point he was accused of embezzling, along with other slanderous news.
2) What competencies did you notice that the entrepreneur exhibited?
- Yunus was competent in his confidence. He was sure in his plan and its execution, while other doubted him. Also, he was said to be competent in running the bank well, amidst the struggles/
3) Identify at least one part of the reading that was confusing to you.
- I was honestly a bit confused on how he organized the loan system. I understood that Yunus borrowed from a variety of banks, then leant that to the people that were too poor to be given a regular bank loan.
4) If you were able to ask two questions to the entrepreneur, what would you ask? Why?
- What were the people like when you first began this? What were the receivers reactions and feelings?
- How has taking this entrepreneurial risk affected you life and your family?
5) For fun: what do you think the entrepreneur's opinion was of hard work? Do you share that opinion?
- I think Yunus was dedicated to working hard and working well. His dedication to his idea and the execution of it makes it clear that he was perseverant. I agree that perseverance is essential to a good work ethic.
Nancy,
ReplyDeleteI agree that Muhhamad Yunus seems like a great person and an inspiration to all people looking to become entrepreneurs. I t was impressive how organized his Grameen Bank was and I also admire his trust in his people to return the money even when others wouldn't have. He must have worked really hard to achieve this but obviously it was worth it.
Nancy,
ReplyDeleteDespite knowing about the concepts of microcredit and microfinance, I had not heard about Muhammad Yunus before. People like him trying to utilize their entrepreneurial mindset and ability to help people, even the poorest, are truly inspirational. Seizing opportunities for the people with very little money seem like an even bigger challenge than generally setting up a business, which makes his story particularly interesting.