Tuesday, December 5, 2006

In the mind of the borrowers




I had asked them why they continued to borrow in spite of having a descent stash of savings. They were clearly in a position to fund their own ventures. I asked if they felt trapped, if they wanted to get out, if they got tired of paying back loans. They smiled and asked,"what do you do when you start a business? Borrow money, right? And what do you do when you want to expand or start a bigger business? Borrow more money, right? Well, thats the choice we are making. We are choosing to start bigger and bigger businesses. Why would we feel trapped? Esp. with the flex- program they have now. Of course, our team members help out and hold each one of us accountable if we can't pay our installments for the week. But, we are always work something out with the bank.

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