SKS Chairperson and Founder, Vikram Akula, recognized by Time Magazine as one of today's 100 most influential people 
       
   
   
       
 



 
 
 
April 4, 2006
SKS Founder and CEO, Vikram Akula, Receives Sand Hill Foundation’s 2006 Social Entrepreneurship Award
Award honors those who’ve left lucrative positions in the pursuit of social development

Hyderabad, India – SKS Microfinance (SKS) Founder and CEO, Vikram Akula, was one of four notable recipients of the Sand Hill Foundation’s 2006 Social Entrepreneurship Award, given to four organizations whose chief executive officers have left lucrative jobs in technology and other professions to start non-profits because of their passionate belief in a cause. The award was presented in Santa Clara, California, at the Software 2006 Gala Benefit, an event to celebrate philanthropy in the software industry ecosystem. Eight organizations and individuals were awarded across three categories: Good Samaritans, Social Entrepreneurship and Luminary.

Vikram remarked, “it is truly a honor to be celebrated among this distinguished group of peers. This type of acknowledgement can only make me and others more confident in our missions to strive for social change and economic development in the world’s poorest communities.”

Vikram was honored for his firm commitment to social development, specifically microfinance, having left a well-paid consulting position with McKinsey & Company in Chicago to continue building SKS. SKS aims to empower the poor to become economically self-reliant by providing collateral-free financial services in a sustainable manner. Since it’s inception in 1998, SKS has delivered over $52 million in microfinance to over 200,000 women clients in some of the poorest regions of India. In the last year alone, SKS grew by nearly 300% and has a current portfolio of $23 million with a 99% on-time repayment rate.

Others awarded as Social Entrepreurs were Suzanne McKechnie Klahr, the founder of Businesses United in Investing, Lending, and Development (BUILD), a social venture which empowers youth from low-income communities in Palo Alto through entrepreneurial education, David Green, of Project Impact, who helped establish an independent non-profit company in India called Aurolab that makes inexpensive intraocular lenses - plastic implants that restore sight to cataract patients, and John Wood, who began Room to Read, which aims to bring education to at least 10 million children in the developing world through schools, libraries, and scholarships.

About Sand Hill Group
Sand Hill Group provides investment and management advice to emerging enterprise technology leaders. Sand Hill also owns Sandhill.com – the premier destination site and resource center for CEOs, VPs, Entrepreneurs, VCs and for members of the software industry eco-system.

Sand Hill Group created the SHG Foundation to enable the surplus from its annual Enterprise Conference to be donated to charity. The goal is to build a $1 million endowment. The annual SHG Foundation awards include grants to non-profit organizations, which help to improve the lives of low-income women and children worldwide.
See http://www.sandhill.com/sandhillgroup/foundation.php

For further information, please contact: media@sksindia.com

     
   

 
 
 

 
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