Sunday, January 26, 2014

Prasad Menon Talks about the Bayou Microfund-- a Microfinance Prorgram

Prasad Menon Talks about the Bayou Microfund-- a Microfinance Prorgram


Where are you from originally?

INDIA, CAME TO US IN 1979


What university did you go to?

PLYMOUTH UK


What brought you to Houston?

NEW JOB


What is your group’s mission

OUR MISSION IS TO INCUBATE MICRO ENTREPRENEURS AND FUND THEM WITH INTEREST FREE LOANS


What need does it fulfill?

PROVIDES INTEREST FREE LOAN VIA KIVA ZIP AND DIRECT GUARANTEES FOR LENDING


What exactly does it bring to its members?

PROVIDES  MICRO LOANS TO THE UNSERVED COMMUNITY


Who would benefit from your group?

THE MICRO ENTREPRENEURS


What was the most challenging aspect of starting up the initiative?

GETTING IT TOGETHER, IT WAS  JUST LIKE START UP , VERY LEAN , ALL FUNDED BY ONE PERSON , ME !


What advice do you have for entrepreneurs? 

CHALLENGES AND OBSTACLES ARE JUST STAIRS TO GREATER HEIGHTS


What Houston-based resource have you found to be the most helpful and why?

THE TIE GROUP , UNIVERSITY OF HOUSTON MICRO FINANCE GROUP, and NEIGHBOURHOOD  CENTERS.