|
|
 |
 |
|
Name:
Pahima
Age:
25 years old
Children:
Masan Jani, 7 years old;
Gau, 5 years old
Hometown:
Neredparla, Andhra Pradesh
SKS member since:
2004
Most recent loan:
Mid-term loan, $44
Business:
Bicycle shop owner; SKS
loan officer
SKS employee since:
2005, Neredparla Center,
Bhongir Branch
|
|
 |
|
Pahima was just 21 years old when she divorced
her husband and moved with her two small children
back to her father's home. Over the next three
years Pahima struggled to support a family of
four.
In 2004, Pahima heard that SKS was opening
a branch in her village. With her first loan
of about $175, Pahima purchased five bicycles
and opened a cycle rental shop. Pahima charged
her neighbors about $0.07 per hour and $0.33
per day to rent her bicycles. A mid-term loan
of $44 allowed the purchase of three additional
bicycles. Before long, she was making about
$131 per month. The steady income from her bicycle
shop allowed Pahima to support her family for
the first time in almost four years.
Early in 2005, Pahima learned that her village's
SKS branch had a job opening. Pahima had completed
the tenth grade and was very interested in SKS's
work. She applied for the position and after
an intensive interview process, was selected
to become an SKS loan officer.
Pahima started working fulltime for SKS in
March of 2005. She now manages 20 loan groups
which consist of 605 clients and $64,200 in
loans outstanding.
"I am extremely thankful for the opportunities
SKS has provided me. I was unemployed and divorced
when I took my first loan and struggling to
support two children. With the income generated
from that first loan I was able to get back
on my feet and provide for my children. Now
as an employee of SKS, I am honored to help
other women, just as others helped me."
|
|
 |
As
we prepare for rapid growth this coming
year, SKS is seeking experienced, energetic
and dedicated individuals for the following
positions. If you know someone that might
be a good fit please contact us at
[email protected]
|
›› VP
Finance |
›› VP
Technology |
›› VP
Operations |
|
|
|
|


|
Over
the last few months, SKS has been quietly preparing
for what promises to be an extraordinary year
for the organization. Instead of resting on
our record breaking growth rate of 250% and
outreach of 170,000, we have decided to push
the envelope and attempt to scale even more
rapidly. By the end of the next fiscal year,
SKS plans to have over 700,000 clients, 360
branches and a portfolio outstanding of over
$117 Million. That correlates to a growth rate
of over 400% in all three categories!
In order to reach these lofty goals, we have
revaluated the way we think about operations
and further streamlined our systems and processes
to manage the capacity. We have already recruited
35 new area managers to lead expansion efforts
across the country, and will be adding approximately
125 new staff members each month. They will
be responsible for starting operations in some
of our existing areas as well as breaking new
ground in parts of India yet to be reached by
microfinance. But the plan doesn’t stop with
geographic expansion.
We are also looking to add a number of products
to our current offering to meet the total household
demand of the poor, currently estimated at around
Rs. 50,000 ($1,100), and reach additional client
segments we are currently not working with.
These include additional loan products, such
as housing, auto and education, new insurance
schemes for health, life and assets and unique
services like remittances.
We’re bound to have some growing pains along
the way, but strongly believe that in order
to have an impact on poverty in India we need
to reach as many poor families as possible.
We thank you for your continued support and
look forward to updating you as we strive for
“7 by 7.”
- Vikram Akula, Founder & CEO
|
|

››
Total Clients - 164,145 |
›› Total
Outstanding - $15,861,110 |
›› Total
Disbursed - $47,661,603 |
›› Portfolio
At Risk - 1.98% |
*As of January 31, 2006

|

|
›› International
Exposure Programme on Microfinance
& Micro Enterprises
Beijing, China.
Organized by College of
Agricultural Banking,
Pune. |
|
|
|