Tony Sheldon

Lecturer in the Practice of Management & Executive Director of the Program on Social Enterprise

  • 203-436-8855

Tony Sheldon has been executive director of Yale School of Management's Program on Social Enterprise since 2008, and lecturer in economic development since 2007. He teaches practicum courses on social entrepreneurship, as well as a course on microfinance. He is also the founder and principal of Bering Consulting, which works with microfinance institutions in Africa, Asia, Latin America, and Eastern Europe, primarily in the areas of financial management and business planning. Tony has also worked with several development finance networks and funders, including the Ford Foundation, the World Bank, the Consultative Group to Assist the Poor (CGAP), ShoreBank International, and Women's World Banking.

His publications include CGAP’s Handbook on Business Planning and Financial Modeling for Microfinance Institutions and Women's World Banking's Principles and Practices of Financial Management. He is currently working on two books: one (with Jonathan Morduch and Timothy Ogden) explores the pivotal role of financing structure – and in particular of strategically deployed subsidy – in development finance; the other is a technical guide on implementation of a unique program that combines social protection, livelihood development and financial services to reach extremely poor households (to be published by the World Bank). 


  • MPPM , Yale School of Management, 1984
  • AB, Princeton University, 1978


Global Social Entrepreneurship
MGT 529
Microfinance and Economic Development
MGT 846
Global Social Enterprise: Nicaragua
MGT 865


Selected Articles

Strategies for Enhancing Efficiency
J. Shedon
SEEP Network
Business Planning and Financial Modeling for Microfinance Institutions
J. Sheldon & C. Waterfield
CGAP/ The World Bank
Financial Ratio Analysis of Micro-Finance Institutions
J. Shedon
Small Enterprise Education and Promotion Network
Principles and Practices of Financial Management
J. Sheldon
Women's World Banking