Sometimes, when interviewing the entrepreneurs from Pearl Microfinance, Uganda, I am startled to discover how many businesses they have. They are teachers with a few milk cows on the side, or used clothing salespeople who also keep pigs, or farmers who also raise cassava, matoke, and chickens! These ‘super entrepreneurs’ amaze me, but I am always left wondering why do they choose to have so many businesses. Wouldn’t it be better for them to focus just one? Each cycle they could inject all their loan money into one business and it would take off!
As is typical when I am making...Continue Reading >>