SKS Microfinance's Vikram Akula on Mobile Banking

Vikram Akula, founder and CEO of SKS Microfinance, launched the company in 1998 to offer small loans to very poor borrowers. Some 10 years later, SKS has become India's fastest growing microfinance institution (MFI), with more than two million borrowers. In the next two years, Akula would like SKS Microfinance, whose backers include venture capitalists such as Sequoia Capital, to grow to eight million borrowers -- which would make it the world's largest microfinance lender, surpassing Bangladesh's Grameen Bank. In an interview with India Knowledge@Wharton at the recent Wharton India Economic Forum, Akula spoke about emerging trends in microfinance.

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Education

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• knowledgeatwharton
• vikram
• akula
• mobile
• banking
• microfinance
• SKS
• future
• Wharton
• India
• Economic
• Forum

[TPeasypaisa]

I think for the deloping countries Mobile banking is a dream come true :))

[Sammarize]

So the lady takes a $2000 loan today and the next year she is taking a bigger loan. Where is the sustainability and building of capacity. A cycle of loans is being generated. Is there any evaluation or assessment of quality of life improvement.

[adchy7]

i believe the day is not far when south asia literally will rise above poverty. May be we'll have the opportunity to see it in our life-time.

( Babu, Chittagong)

[nagarjun424]

awesome!

[LuiCduardo]

aweome!