Friday, March 02, 2012

Vikram Akula, Founder of SKS Microfinance, Says Publicly His Biggest Critic, Grameen Bank Founder Muhummad Yunus, Was Right - NYTimes.com

Vikram Akula, Founder of SKS Microfinance, Says Publicly His Biggest Critic, Grameen Bank Founder Muhummad Yunus, Was Right - NYTimes.com: Vikram Akula, the founder of SKS Microfinance, the for-profit company that is accused of aggressive collection tactics, made an unexpected observation Sunday night at the Social Enterprise Conference at Harvard University.

“Professor Yunus was right,” Mr. Akula said, referring to Muhammad Yunus, the Grameen Bank founder, economist and a frequent critic of Mr. Akula and others who tried to turn microfinance into a for-profit industry. “Bringing private capital into social enterprise was much harder

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