A FISTFUL OF RICE VIKRAM AKULA PDF
A Fistful of Rice by Vikram Akula is not a book. At a mere pages, it is a fat pamphlet. The operative adage might be “don’t judge a book by its size,” because . Vikram Akula’s new book A Fistful of Rice: My Unexpected Quest to End Poverty Through Profitability is all set to hit the markets after November 9, I decided to read Akula’s A Fistful of Rice after returning from a recent trip to A Fistful of Rice is a quick and easy read taking the reader through Vikram Akula’s.
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A Fistful of Rice: My Unexpected Quest to End Poverty Through Profitability by Vikram Akula
A Fistful of Rice by Vikram Akula is not a book. At a mere pages, it is a fat pamphlet. Inafter six months of lending, SKS, at the time a nongovernmental organization, or borrowers.
Today, the for-profit company serves nearly 6 million Indians with microloans. For both author and reader, an autobiography is always fraught with danger.
Book Review – A fistful of rice | Mostly Economics
Typically, chapters brim with Twitter-like personal life details and self-analysis topped off by self-justifications. On the other hand, a good autobiographer teaches by example. For readers of these pages, an autobiography should proffer insights into social akulq, of which A Fistful of Rice contains a few:. He is in his 20s, a first-generation Indian American on a Fulbright Scholarship in a remote Indian hamlet talking with a solitary, desperately poor woman.
This, I thought, was exactly the kind of person we should be lending to.
This kind of epiphany is nearly universal for social entrepreneurs, reinforcing that their work is less about money and profits, and always deeply personal. If you care about your work, the poverty reduction mission, and your community, then it hurts when colleagues let you down, your social enterprise stumbles, funding is denied, or other hurdles materialize. Fast-forward to the spring of SKS becomes the second microfinance institution to sell shares of the company to the public, prompting Yunus to make this derisive comment in Microfinance Focus: Poor people should not be shown as an opportunity to make money out of.
Akula takes great pains to argue the opposite case.
Indeed, the point of the book is that private investment capital is allowing SKS to reach millions of needy microborrowers in an ethical way. He distances SKS from the lending policies and practices of the controversial Mexican microlender Banco Compartamos, noting: To my knowledge, there are no extant charges that SKS Microfinance has exploited the poor on the road to profits.
Instead of criticizing the social investors, foundations, and donors who put their investment capital at risk in a socially responsible way, we should applaud them. In the end, Akula reveals himself to be the quintessential entrepreneur: This, it turns out, is a winning combination. Lewis founded MicroCredit Enterprises in and today serves as its chair on a pro bono basis.