Wednesday, November 12th, 2008
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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ACCION International’s microfinance partners for the long term
Microfinance is a major instrument for entrepreneurs and individuals to escape poverty. Oikocredit and ING joined their forces in 2004 to best support institutions around the globe with financing and technical assistance. Oikocredit is a socially responsible investment opportunity that is today recognised as on of the world’s largest source of private finance for Microfinance, financing institutions around the globe such as ASA GV. ING is well-known as a company which works with and for entrepreneurs and does its best to meet their individual needs. That is why ING supports microfinance by sharing expertise, increasing awareness and making a direct contribution to microfinance. This is the story of Sundari. More info: www.ingmicrofinance.com www.oikocredit.org www.asadev.com
http://www.JustLikeMyChild.org The Just Like My Child Foundation works to provide healthcare, malaria prevention, education, treatment, HIV/AIDS ARV treatment, education through scholarships to girls
Kiva.org is a non-profit web site revolutionizing the fight against global poverty by enabling socially-conscious internet users to connect with and make personal loans to low-income entrepreneurs in the developing world. As an exceptional social software solution, Kiva acts as the world’s first person-toperson lending marketplace for the poor. Anyone can make a direct loan of as little as $25 to someone in a developing country. This affordable capital helps low income entrepreneurs to start or expand their small businesses, creating a path towards economic self sufficiency. Specifically, Kiva.org has developed also a program that will accelerate the growth of microfinance institutions through the use of accounting software.
Meet a MicroPlace microfinance borrower from Cambodia
Microfinance is a major instrument for entrepreneurs and individuals to escape poverty. Oikocredit and ING joined their forces in 2004 to best support institutions around the globe with financing and technical assistance. Oikocredit is a socially responsible investment opportunity that is today recognised as on of the world’s largest source of private finance for Microfinance, financing institutions around the globe such as ASA GV. ING is well-known as a company which works with and for entrepreneurs and does its best to meet their individual needs. That is why ING supports microfinance by sharing expertise, increasing awareness and making a direct contribution to microfinance. This is the story of Sundari. More info: www.ingmicrofinance.com www.oikocredit.org www.asadev.com
Min Li Chan and Julio Vasconcellos from iinnovate (www.iinnovatecast.com) ask Alex Counts (President of the Grameen Foundation) what is Microfinance?
