American businessman, has Greg Casagrande, Founder and President of the South Pacific Business Development Foundation (SPBD) meet in Samoa a decision: Who will he hire to be the next general manager of SPBD if the contract of its current General Manager ends at its January 2005. Should he hire a local or a Samoan palegi, a foreigner? Casagrande founded the SPBD, a microfinance institution (MFI) providing financial services for poor people, in January 2000. He rented a Samoan with an MBA from … Read more »

American businessman, has Greg Casagrande, Founder and President of the South Pacific Business Development Foundation (SPBD) meet in Samoa a decision: Who will he hire to be the next general manager of SPBD if the contract of its current General Manager ends at its January 2005. Should he hire a local or a Samoan palegi, a foreigner? Casagrande founded the SPBD, a microfinance institution (MFI) providing financial services for poor people, in January 2000. He rented a Samoan with an MBA from the United States to be its general manager. Nine months later, Casa Grande discovered that the general manager was in a variety of fraudulent activity intervention, as well as some of its employees. Casa Grande was forced to leave his home in New Zealand to fly to Samoa to step in directly. He initiated a series of reforms, including the decision to give women only. Casagrande reforms laid the SPBD back on track and in 2002 he introduced became Minh Lai, a Vietnamese-Canadian investment banker, the Director-General. Lai built at Casa Grande reforms, the customer base expanded and new products introduced, including a form of saving. But questions remained. Was SPBD with its intended impact on the lives of her clients? Would SPBD his goal achieve financial self-sufficiency by 2006? HKS case number 1804.0
«Hide

from
Regina Galang,
Susie Margolin,
Guy Stuart
34 pages.
Publication Date: Sep 19, in 2005. Prod #: HKS177-PDF-ENG
Microfinance and Social Entrepreneurship: South Pacific Business Development Foundation HBR case solution

[related_post themes="flat"]