Microfinance and Social Entrepreneurship: South Pacific Business Development Foundation Harvard Case Solution & Analysis

American businessman, Greg Casagrande, founder and president of the South Pacific Business Development Foundation (SPBD) in Samoa to decide who he should hire to become the next general manager SPBD, when his current contract ends with the general manager in January 2005. Should he hire a local Samoa palegi, alien? Casagrande founded SPBD, microfinance institutions (MFIs) provide financial services to poor people, in January 2000. He hired Samoa MBA from the United States to be its CEO. Nine months later, Casagrande found that the manager was involved in various fraudulent activities, as some of his employees. Casagrande was forced to leave his home in New Zealand to fly to Samoa to intervene directly. He instituted a number of reforms, including the decision to lend to women only. Casagrande reforms put SPBD on track, and in 2002 he hired Min Lai, the Vietnamese-Canadian investment banker to become a general manager. Lai built on reform Casagrande, expanded customer base and introduced new products, including the cost of the product. But questions still remain. SPBD was having a direct impact on the lives of its female clients? SPBD would achieve its goal of financial self-sufficiency in 2006? HKS Case Number 1804.0 "Hide
by Regina Galang, Susie Margolin, Guy Stuart 34 pages. Publication Date: September 19, 2005. Prod. #: HKS177-PDF-ENG

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