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After watching the video on Professor Yunus and Microfinance and reading the New York Times article where Bob Harris (The Bank of Bob) reflects on his experiences with Microfinance, answer the following questions:

What is the source of funds within microcredit? How does this differ from traditional sources of financing?

What internal and external governance mechanisms are in place in microcredit?

What roles do norms and values play in the globalization of microcredit? Explain.

Does the stewardship theory apply to microcredit? Why or why not?

Is microcredit the result of global divergence?

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