The Intra-Office Microloan

One of the by-products of being relatively self-sufficient ( but not necessarily proficient or artistic) from a marketing and technical side is that I have grown impatient.  With even a small company, things have to go through certain people, and that takes a lot of time, especially for small stuff.  It’s so much easier sometimes to get the job done outside of the company.

I met this really nice woman on my block walking two beautiful dogs (labs?) a few weeks ago. We got to talking and she said that she was with the Grameen Foundation.  I spoke with her about what they do, and realized that I had just read an article in the Harvard Business Review about the need to develop success metrics for microfinance,  so I was able to sound like I knew what I was talking about.

Anyway, I’ve been thinking just how cool if companies had an internal microfinance program.  In terms of administration, this could be handled like an expense report, only that instead of an expense, this becomes an investment.

The purpose of the intra-office microloan would be to enable employees to invest in low cost activities or purchases that either lower operating costs, or increase revenue.

Think about it. If I know there is something out there that I can do myself, that makes my company better, and costs less than $2000, it probably costs my company more in manpower to approve it, then the actual project will.

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