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A Fistful of Rice
Around the globe, poverty has held too many people in its grip for too long. While microfinance - small loans to impoverished individuals - initially attracted attention in the press, it didn't achieve the scale, scope, and profitability necessary to substantially combat poverty. All that changed with Vikram Akula's creation of SKS Microfinance. In this highly personal narrative, A Fistful of Rice, Akula reveals how he pieced together the best of both philanthropy and (to his surprise) capitalism to help millions of India's poor transition from paupers to customers to business owners. As thoughtful as Barack Obama's personal journey in Dreams from My Father, as harrowing as Paul Farmer's battle against infectious disease in Mountains Beyond Mountains, and as gripping as Greg Mortensen's fight for education in Three Cups of Tea, Akula's story shows how traditional business principles can be brought to bear on global problems in new ways. A Fistful of Rice offers not only inspiration but also lessons for anyone seeking to transform tenacity, creativity, and innovation into potent tools for fighting even the most seemingly intractable human burdens.
Vikram Akula
Biography of Vikram Akula, currently Chairperson at SKS Microfinance.
Micro-Meltdown: The Inside Story of the Rise, Fall, and Resurgence of the World's Most Valuable Microlender
Vikram Akula founded SKS Microfinance with a clear mission: improve the lives of poor people in India by providing small loans. These small loans, used to start or expand businesses and generate earnings, were a proven path out of poverty for tens of thousands around the world. Vikram wasn't the first person to bring microfinance to India, but his idea was to do it on a much larger scale, for millions. He would do this by making SKS Microfinance a unique for-profit institution. SKS flourished, distributing billions of dollars in loans. The company was applauded for blending philanthropy and capitalism, and Akula appeared on the covers of the Wall Street Journal and TIME magazine as one of th...
The Other One Percent
In The Other One Percent, Sanjoy Chakravorty, Devesh Kapur, and Nirvikar Singh provide the first authoritative and systematic overview of South Asians living in the United States.
Sustainable Enterprise
This book is appropriate for the following courses: Sustainable Enterprise Sustainable Business Practices Sustainability Marketing Society Social Marketing Sustainable Enterprise: A Macromarketing Approach goes beyond the internal firm strategies of micromarketing and the "four Ps" to take a broader perspective focused on the interconnectedness of markets, marketing, and society. In a globalized society concerned with social and environmental sustainability, this book encourages students to think critically about the opportunities and limitations of marketing, as well as its positive and potentially negative effects. Through the presentation of key research findings and actual company cases,...
A Fierce Green Fire
In A Fierce Green Fire, renowned environmental journalist Philip Shabecoff presents the definitive history of American environmentalism from the earliest days of the republic to the present. He offers a sweeping overview of the contemporary environmental movement and the political, economic, social and ethical forces that have shaped it. More importantly, he considers what today's environmental movement needs to do if it is to fight off the powerful forces that oppose it and succeed in its mission of protecting the American people, their habitat, and their future. Shabecoff traces the ecological transformation of North America as a result of the mass migration of Europeans to the New World, ...
The Logics of Change
We live in a world of constant and dynamic change. Change manifests in various guises ranging from small to big, local to global, individual to societal, or from subtle to sudden. It often comes out of the unexpected, yet people can also actively bring about change. Change can be for the better, but often reality means change for the worse. Preconditions for a contented and happy life, both material and intangible, are constantly challenged. Living conditions of individuals as well as communities are affected by inequality, exclusion, or poverty. Different kinds of challenge and change require different reactions. This volume results from a two-day conference in November 2011 in Salzburg, Au...
Due Diligence
The idea that small loans can help poor families build businesses and exit poverty has blossomed into a global movement. The concept has captured the public imagination, drawn in billions of dollars, reached millions of customers, and garnered a Nobel Prize. Radical in its suggestion that the poor are creditworthy and conservative in its insistence on individual accountability, the idea has expanded beyond credit into savings, insurance, and money transfers, earning the name microfinance. But is it the boon so many think it is? Readers of David Roodman's openbook blog will immediately recognize his thorough, straightforward, and trenchant analysis. Due Diligence, written entirely in public with input from readers, probes the truth about microfinance to guide governments, foundations, investors, and private citizens who support financial services for poor people. In particular, it explains the need to deemphasize microcredit in favor of other financial services for the poor.
Understanding international development
This 20-hour free course introduced and explored the topic of international development through its core themes of power, agency, scale and history.
Bandhan
This is the story of Bandhan, the only bank that emerged in eastern India after Independence. Founded by the son of a sweet vendor, with a mere Rs 2 lakh, the sum total of his life savings. On 17 June, 2015, Chandra Shekhar Ghosh stepped out of the Reserve Bank of India building in Mumbai with the much-coveted banking licence, beating some of the country's top corporate houses. This moment compensated for all the frustrations that had come along the way. A year later, Bandhan Bank was launched with 6.7 million small borrowers. So, how did Ghosh build India's biggest MFI from scratch and then, along with his team, transform it into a universal bank? Bandhan: The Making of a Bank chronicles that journey. This is also Ghosh's personal story-of a boy growing up in small-town Agartala struggling with poverty, but relentless in his ambition to make it big. He battles competition, hostile moneylenders, a tough economic climate and the perpetual lack of resources. Nobody in India perhaps knows better than him the psyche of a small borrower and the alchemy of doing business with the poor, profitably. This is one of India's biggest entrepreneurial stories.
