Vikram Akula - SKS Microfinance





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Uploaded on Jun 5, 2008

Vikram Akula is CEO of SKS Microfinance, an MFI serving 1.5 million clients in India. He tells Global X that his passion for changing the world started when as a young boy, he realized that something as simple as 12 grains of rice could make a difference for a family.

After working for an NGO, he went back to the University of Chicago to get his PhD and find out how to design a microfinance institution in a way that "you never have to say no to any poor person who is simply asking for an opportunity."

His response:
1- Use a for-profit approach to access capital
2- Draw from best practices from the business world to overcome the constraints of capacity
3- Use technology to overcome the constraints of cost

That's how SKS Microfinance was able to scale so quickly.

Vikram Akula also shares a piece of advice with Global X: "Think big! Think in a way that has never been done!" It is undoubtedly because his goal was initially to eradicate poverty that he was able to achieve so much.


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