Mr. P.H Ravikumar, Executive Chairperson, SKS Microfinance said ,“We are also looking at introducing a new suite of products that could widen our horizon as well. These include segments such as housing loans and insurance product”
Mr.Dilli Raja, Chief Financial Officer, SKS Microfinance,''Our firm may look at raising $1 Crore through the ECB (External Commercial Borrowing) route, after RBI's approval, in the first quarter of the next financial year".
About SKS Microfinance..!
Microfinance is an effective tool that can help reduce poverty and spread economic opportunity by giving poor people access to financial services, like loan and insurance. SKS Microfinance distributes small loans that begin at Rs. 2,000 to Rs. 12,000 to poor women so they can start and expand simple businesses and increase their incomes. Their micro-enterprises range from raising cows and goats in order to sell their milk, to opening a village tea stall.
SKS Microfinance uses the group lending model where poor women guarantee each other’s loans. Borrowers undergo financial literacy training and must pass a test before they are allowed to take out loans. Weekly meetings with borrowers follow a highly disciplined approach. Repayment rates on our collateral free loans are more than 99% because of this systematic process. SKS Microfinance also offers micro insurance to the poor as well as financing for other goods and services that can help them combat poverty.
SKS Microfinance LtdAshoka Raghupathi Chambers
D No. 1-10-60 to 62
Opp Shoppers Stop
Begumpet, Hyderabad- 500 016( A.P)
Tel: +91-40-44526000
Fax: +91-40-44526001
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