November 14, 2005  SKS receives Grameen Foundation USA's Excellence Award

Hyderabad - SKS wins Grameen Foundation USA's (GFUSA, www.gfusa.org) Excellence Award for bringing industry-leading financial services to poor families in India. The award recognizes SKS's overall outreach to the poorest of the poor, exceptional operational standards and processes, and industry-leading innovation and technology.

The award was presented to SKS clients by Julie Peachey, Regional Director - Asia Programs, GFUSA, during a ceremony in Dallas, Texas as well as in Hyderabad, India a week later. “SKS Microfinance was chosen for the award considering its financial performance and its management information system (MIS) that it developed to manage small transactions,” said Julie Peachey, Grameen Foundation, USA. SKS Microfinance has been associated with the Grameen Foundation since 2002 and has so far received $75,000 for the development of its automated management system (MIS), said Vikram Akula, founder and CEO, SKS Microfinance Private Limited. “The Grameen Foundation will also provide access to a Rs 5-crore guarantee fund that will enable us to access funds up to Rs 50 crore from commercial banks,” Akula said.
     
   







 
 
 

 
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