Comments on: Stop conflating microfinance and entrepreneurship http://blogs.reuters.com/great-debate/2012/04/16/stop-conflating-microfinance-and-entrepreneurship/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: ChristianC http://blogs.reuters.com/great-debate/2012/04/16/stop-conflating-microfinance-and-entrepreneurship/#comment-43092 Wed, 18 Apr 2012 20:55:43 +0000 http://blogs.reuters.com/great-debate/?p=12476#comment-43092 I think the article is mixing up a few important aspects and is, in the process, arriving at a rather frightening conclusion.
It is important for everyone to keep in mind that the importance of microfinance has many dimension, not just entrepreneurship.
But it must not be suggested that there us no important relationship between entrepreneurship and microfinance.
Microfinance does catalyse entrepreneurship. Also, entrepreneurship is one of the factors that enhances sustainable financial inclusion.
Bayrasli exhibits what is a common but very limited understanding of entrepreneurship. Mui (2011) refers to entrepreneurship as “The art of enhancing one’s reality”. As the article rightly puts it, the micro loan and the business was, for Carlos, a means to a better end. He was able to use these steps to enhance his reality.
Others do so by running larger businesses for long. Some don’t even go into commercial enterprises. It is all about what their reality is and what they purpose to about it.
Entrepreneurship is therefore not equal to running a business. And, as such, Bayrasli, it is actually a development tool.

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By: johnnyjr http://blogs.reuters.com/great-debate/2012/04/16/stop-conflating-microfinance-and-entrepreneurship/#comment-43081 Wed, 18 Apr 2012 14:48:01 +0000 http://blogs.reuters.com/great-debate/?p=12476#comment-43081 How do you figure communism factors into this and what’s you logic for calling the working poor lazy? The whole point is that people want to work and microfinance becomes a last resort way for them to employ themselves when there’s a lack of formal employment options. That’s the opposite of what happens in a centrally controlled economy where in theory there wouldn’t be any need for microfinance. Like the article said, “most people just want a job”, and they often find ways to create their own out of necessity. That’s the opposite of being lazy.

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By: mick68 http://blogs.reuters.com/great-debate/2012/04/16/stop-conflating-microfinance-and-entrepreneurship/#comment-43046 Mon, 16 Apr 2012 21:15:44 +0000 http://blogs.reuters.com/great-debate/?p=12476#comment-43046 Maybe the world needs less “substantial businesses” like Coca Cola, Starbucks, and Google, and more family run businesses which serve their own communities, hire locals, and don\'[t have to worry about outsourcing or competing with some multinational that oppresses laborers in 3rd world countries and gets enormous breaks from governments.

Imagine a world without 24/7 ads in your face, corporate greed and arrogance, and quality products made right in your own neighbourhood.

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By: Ocala123456789 http://blogs.reuters.com/great-debate/2012/04/16/stop-conflating-microfinance-and-entrepreneurship/#comment-43043 Mon, 16 Apr 2012 19:51:38 +0000 http://blogs.reuters.com/great-debate/?p=12476#comment-43043 poor country people love government jobs… it is the reason they are poor and lazy… communism could not save them…

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By: Ocala123456789 http://blogs.reuters.com/great-debate/2012/04/16/stop-conflating-microfinance-and-entrepreneurship/#comment-43044 Mon, 16 Apr 2012 19:51:38 +0000 http://blogs.reuters.com/great-debate/?p=12476#comment-43044 poor country people love government jobs… it is the reason they are poor and lazy… communism could not save them…

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By: Robertla http://blogs.reuters.com/great-debate/2012/04/16/stop-conflating-microfinance-and-entrepreneurship/#comment-43040 Mon, 16 Apr 2012 18:11:30 +0000 http://blogs.reuters.com/great-debate/?p=12476#comment-43040 …well said.

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