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

July 15, 2006
SKS Continues Ambitious Growth Plans, Expands Operations from 5 to 11 States
Hyderabad, India � In line with its ambitious growth plans, SKS Microfinance launched expansion into five northern states: Rajasthan, Uttar Pradesh, Bihar, West Bengal, Jharkhand and Chhattisgarh, bringing the total of operational states to eleven.

On July 15th, twenty-eight Area Manager Trainees from three top rural management schools, IRMA, IIFM, XIMB, completed a 2-month training program and become Area Managers. They are now responsible for driving growth in existing and new areas. This marks the first time SKS has launched operations in the North, a region with various political and social challenges, little microfinance presence, and a tremendous need for financial services. By embarking on this plan, SKS demonstrates its commitment to serving the poorest of the poor in India.

Lead Manager of Member Services, Lokesh Kumar Singh, remarked, �We are eager to deepen our commitment to providing financial services to the poor throughout India. This expansion is demonstrative of both the faith in our existing institutions, as well as in the capabilities of our new area managers, who have been instilled the challenging responsibility of leading operations in their respective areas. I am fully confident that they and SKS will succeed.�

Prior to July 15th, SKS operations consisted in Andhra Pradesh, Karnataka, Maharasthra, Madhya Pradesh and Orissa.
For further information, please contact: [email protected]



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