SKS microfinance

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Microfinance updates from

Here are two stories from on the MFI space in India:

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Credit crunching the numbers: How MFIs are being affected by the crisis and using deposits to help

Back in September of 2008, I wrote a piece titled on On Bailouts, Boons and Bill Clinton that attempted to explain how the onset of the credit crisis will affect the microfinance industry and as a result restrict the poor from…

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Why you should CARE about microinsurance

We have written about microinsurance before, including SKS’s Vikram Akula’s decision to develop a product for his customers. Now, Bajaj-Allianz and CARE India will be developing a product of their own. In an interesting partnership between the charity and a commercial…

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Round 2 with CGAP’s Gautam Ivatury

The ThinkChange India staff is committed to providing our readers with interviews with people we believe are at the brink of something special but have for the most part been overlooked by the mainstream media. Readers will be able to see…

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Evolution of microfinance through lens of human resources

One of the most recognizable names in Indian microfinance has decided to step down from his role as CEO. Vikram Akula, the visionary founder and leader of SKS Microfinance will step down.

Mr. Akula says that this change will allow him…

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SKS to insert ads in passbooks

The company has given its old black-and-white passbook a colourful facelift, using glossy paper, at once reaching out to its depositors and opening up a new revenue stream — through advertisements.

And with that simple modification, SKS Microfinance’s leader Vikram…

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SKS looks to educate its members’ children

Partnering with Career Launcher, SKS Microfinance will be opening 10 school in Nalgonda, Khammam, Rangareddy and Medak districts of Andhra Pradesh that will be English medium institutions for primary school education.

The SKS-CL Academy, in the pilot phase, will provide primary education…

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Op-Ed: The Potential Marriage of Private Equity and Microfinance – Dysfunctional or Blissful?

The composition of the microfinance sector is becoming increasingly hybridized, as microfinance institutions (MFIs) morph into profit-making entities, and global financial institutions such as Citigroup, Inc. or HSBC Holdings become (unintended) vectors of poverty alleviation (refer to “Global Financial Institutions…

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SKS getting closer to an IPO?

The Economic Times reports that SKS is planning to infuse Rs. 130 crores additional equity into the company to support its aggressive expansion plans [via Microcapital]. Here is the quote from the story:

“Our investors will infuse Rs 130 crore later this…

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Vikram Akula of SKS Microfinance Touts Mobile Banking as the Future of Microfinance

In a recent interview with [email protected], Vikram Akula of SKS Microfinance touted mobile banking (conventionally used for performing balance checks, account transactions, payments etc. via a mobile device such as a mobile phone) as the future of microfinance, but cited India’s…