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Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. To get the free app, enter your mobile phone number. Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? 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.
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. Read more Read less. Kindle Cloud Reader Read instantly in your browser. Customers who bought this item also bought.
Page 1 of 1 Start over Page 1 of 1. Muhammad Yunus. Register a free business account. I have witnessed firsthand how SKS Microfinance has had an amazing impact in India compared to other poverty-reduction programs. In , Time magazine named him one of the world's most influential people. Tell the Publisher! I'd like to read this book on Kindle Don't have a Kindle? Customer reviews. How does Amazon calculate star ratings? The model takes into account factors including the age of a rating, whether the ratings are from verified purchasers, and factors that establish reviewer trustworthiness.
Top Reviews Most recent Top Reviews. There was a problem filtering reviews right now. Please try again later. Verified Purchase. Great delivery way before scheduled time and book is as mentioned in the description. Extremely happy. Soul stirring and uplifting at the same time. We are living in strange times.
In the past, people migrated from the east to the west, in search of better opportunities. Now the new-age kids of these immigrants are starting a new trend. They are moving or travelling from the west to the east, in search of better opportunities. This book takes the reader on a journey from Schenectady, New York to Hyderabad, India; from where the author's ancestors originated. Vikram grew up in NY state and spent summer vacations in India.
During each visit he was moved by the poverty there. On his first visit to India at age seven, an incident moved him very deeply. While staying with his aunt, a poor woman came to sell steel pots at her door. After accepting a few, his aunt paid the woman not with money but with a fistful of rice in her stretched garment. The author say "a few grains - maybe fifteen in all, fell to the floor This woman was carefully scouring the floor, making sure she hadn't missed a single grain.
This, I suddenly realized, was what it meant to be truly hungry. In his freshman year "in a moment of teenage zeal" he wrote that "he wanted to eradicate poverty with the discipline of a marine. Fortunately Vikram's were no famous last words because he actually worked towards his goal by studying, working and going back and forth between U. He started work at D. Deccan Development Society in Hyderabad. With experience he realized "that the poor must control their own ascent from poverty" and that "money was the root of all self-empowerment solutions.
So he went back to U. Swayam Krishi Sangam: a Sanskrit phrase meaning self-work society. From here on the book becomes a classic case study into the workings of a rapidly growing and very efficiently managed company that provides micro loans to the poor in Indian villages.
It was interesting to read about everything a founder has to do when you start from scratch e. As for the growth, in S. As the company grew, it diversified into many other causes that would emancipate the poor e. With the attention of Rahul Gandhi, Vikram gained recognition in India at the national level and has won many feathers in his cap since.
In Time magazine named him one of the world's most influential people; in he was given the World Economic Young Global Leader award etc. Vikram has proved to be a very hard-working idealist with a vast vision. As he says, "Microfinance is a thriving world-changing business, and we don't intend to stop growing until every poor person in the world has access to it. With his hard work Vikram has clearly demonstrated that there is fortune at the bottom of the pyramid.
Prahalad's obituary David Leonhardt wrote that Prahalad argued that companies could earn vast profits by turning their attention to the billions of impoverished people around the world whom businesses typically ovrlooked. Cell phones, detergents, meals, even popsicles in the scorching heat of his native India: all were opportunities to make money and to improve lives As for Vikram, I have just one thing to say, keep up the good work!
Entrepreneur Vikram Akula inspires and tells a compelling story. He shares his personal history and his passion for eradicating poverty in India, while educating readers about the origins of microfinance and his search for a better way to help the poor.
His firm, SKS Microfinance, has become a profitable business that makes money for investors while helping millions of impoverished people in India. Akula doesn't flinch from explaining the controversy involved in making microfinance a for-profit enterprise where better-known programs are nonprofits, believing that his model keeps investors engaged. Akula's writing is persuasive, his story is fascinating and his ideas are influential, as billionaires Bill Gates and Warren Buffett can attest. While Akula could have added even more heartfelt inspiration by including less history of microfinance and more stories of real people and what they did with their loans, this is an important story.
SKS finances the purchase, and 'just like that' tens of thousands of rural poor got access to cell phones they couldn't previously afford, while the phone companies got a whole new client base. Once again, we brokered a deal in which everyone wins. Microfinance is a powerful way to affect drastic change at the grass roots level.
There are some parallels in the book that can be applied to inherently risky initiatives such as anti slavery, anti prostitution, anti child labor. The hands holding a fistful of rice on the cover of the book are beautiful because those very hands worked very hard and earned the very rice they are holding and all anyone asks for is just that.
As the founder and CEO of a for-profit, socially beneficial company operating in rural India, I found Vikram's book to be both inspiring and practical on a number of different levels. Although I previously had a good understanding of microfinance, the key to Vikram's story and SKS's success is the way he used technology and business best practices to scale faster and further than other organizations. I purchased copies for my entire management team! See all reviews from the United States.
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A Fistful of Rice – Book by Vikram Akula
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. To get the free app, enter your mobile phone number. Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? 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.
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