Sunday, August 20, 2006

Interview with Vikram Akula of SKS Microfinance

The Tribune (12th August 2006) has a detailed interview of Vikram Akula, CEO of SKS Microfinance.

SKS is headquartered in Hyderabad and operates in 5 states of India. It operates on a model similar to that of Grameen Bank of Bangladesh. It started as a non-profit organization and then became a NBFC (Non-banking finance corporation). It has received venture funding from several people, notably from Vinod Khosla, SIDBI and Unitus.

SKS has branches in India as follows:
  • 44 branches in 7 districts in Telengana region of Andhra Pradesh
  • 19 branches in 5 districts in North-Eastern Karnataka
  • 10 branches in 3 districts of Maharashtra (bordering AP)
  • 10 branches in 4 districts of Orissa (bordering AP)
  • 3 branches in 3 districts of Madhya Pradesh
They have currently priovided loans worth Rs. 320 crores to over 2.6 lakh customers. They have close to 98% repayment rate.

Read the detailed interview here.

1 comment:

Anonymous said...

Great work. Congratulations. I would request you to [please indicate if the finance provided resulted in sustainable financial security for the beneficiaries.