In 1998, Padmaja Reddy, a first-generation entrepreneur, founded a lending company to help those in distress find an honourable living. But for much of its journey, the company itself has been in distress. The latest crisis raises the question of whether it can survive yet another jolt, as it turns rudderless following the exit of its high-profile chief executive. The microfinance company Spandana Sphoorty Financial, once a key player in the