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
Read the detailed interview here.
1 comment:
Great work. Congratulations. I would request you to [please indicate if the finance provided resulted in sustainable financial security for the beneficiaries.
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