-
Essay / Why Jim Won't Give KiraFlour the TFC Loan - 613
A business, as John Mackey argued, has an obligation to serve the community. Therefore, if an investment has more disadvantages than advantages, it should not be made. Traces of E-coli found in KiraFlour products could be a form of corruption that the TCA, whose certification is not required, uses to receive bribes. However, if E-coli is present in their products, the result would be detrimental to the company, KiraFlour and AgreFund. Although not found in the due diligence process, the TFC found that KiraFlour was selling unlicensed products. Although corruption could still be behind this attack on KiraFlour, the consequences would be destructive if the report were true. It is therefore not possible to grant a loan. By refusing the loan, Jim protects the Tanzanians and AgreFund and announces that corruption has no place in business. Jim's responsibility in Tanzania is to invest to achieve financial, social and environmental value for every customer. By providing the loan to KiraFlour, Jim would create financial value for the company's stakeholders, while creating social and environmental problems....