SKS Microfinance Ltd
Region of operation
Andhra Pradesh, Telangana, Karnataka, Madhya Pradesh, Maharashtra, West bengal, Orissa, Rajasthan, Chattisgarh, Uttar Pradesh, Bihar, Kerala, Uttarakhand
SKS Microfinance Limited 3rd Floor, My Home Tycoon, Block A, 6-3-1192, Kundanbagh, Begumpet, Hyderabad, Telangana Country: India Zip: 500016
The poor have no access to financial services that they need. This financial exclusion leads to the creation of a society where the poor lack opportunity. They pay a premium of products and services due to this. SKS aims to bridge this gap and bring the complete range of financial services to the doorsteps of its members. It also aims at adding value by using its network to distribute quality products and services that its members need.
Key product / Service
Micro-Finance Loans, Insurance
Number of beneficiaries
Awards and recognition
Funding and Operating Model
Higher than Series B
Total funding raised
Operating Model: 1) Before starting operations, our staff conduct village surveys to evaluate local conditions like population, poverty level, road accessibility, political stability and means of livelihood. 2) After a village is selected, SKS staff introduces the community to its mission, methodology and services. 3) Follow-up with interested women, and direct appeal to those who may not have attended earlier because of religious, class, caste or gender barriers. 4) Women form self-selected five-member groups to serve as guarantors for each other. 5) CGT is a four-day process consisting of hour-long sessions designed to educate clients on SKS processes and procedures and to also build a culture of credit discipline. Using innovative visual and participatory teaching methods, SKS staff introduces clients to our financial products and delivery methods. 6) A leader and deputy leader are selected to facilitate meetings and ensure compliance with SKS procedings.
Partners and key clients
Bajaj Allianz, ING Vysya Bank, LIC, SIDBI, Kotak Mahindra Bank, Andhra Bank
Images and trivia
No one is following this page yet.