Thursday, May 10, 2007

Citibank to buy SKS loans

SKS Microfinance is one of the fastest growing microfinance institution in India, which is getting decent funding from venture capitalists. It has just closed a deal with Citibank, where Citibank will buy the SKS portfolio of Rs. 180 crores (roughly USD 44 million), while SKS will service the microloans. Grameen Foundation will provide limited guarantees.


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