Micro-Meltdown: The Inside Story of the Rise, Fall, and Resurgence of the World’s Most Valuable Microlender
Tuesday, November 27 | 6 PM | 7th Floor, Cabot Center
Join us for a conversation with Vikram Akula, A90, a pioneer in market-based approaches to financial inclusion and founder of SKS Microfinance. Akula will discuss his book, Micro-Meltdown: The Inside Story of the Rise, Fall and Resurgence of the World’s Most Valuable Microlender, which details how he founded SKS to improve the lives of India’s poor through small loans aimed at providing a path out of poverty. A unique, for-profit venture, SKS’ impact grew rapidly as did its success. The company was praised for blending philanthropy and capitalism, and Akula was named one of the most influential people in the world by the Wall Street Journal and TIME magazine. Later, as microfinance came under fire in India and around the world, SKS experienced first-hand the costs of what was once heralded as a key solution to global poverty. Micro-Meltdown is the story of SKS’ oversights, challenges and obstacles that led to disaster, the eventual resurgence of the microfinance movement, and the lessons learned in between.
Akula is now Chairperson of Vaya, a financial inclusion start up in India, and founder of the Bodhi School, which provides education to disadvantaged children in rural India. He is a senior fellow at the Fletcher School’s Council on Emerging Market Enterprises and a member of the Tisch College Board of Advisors. This event is cosponsored by the Tufts Entrepreneurship Center and the Fletcher School’s Institute for Business in the Global Context.