because of its commitment to using state-of-the-art technology
to reach the poorest of the poor, is in a unique position
to make "Smart Cards for Microfinance" a reality. Since SKS
is new and is building on the lessons of more experienced
MFIs, the organization has been able to adopt all of the conventional
efficiency measures and is now poised to take efficiency to
the next level.
SKS is currently in the process of developing and testing
software that links the Smart Card to its MIS & Accounting
packages. SKS has brought together a multi-talented team that
has the skills and experience to make the pilot phase a success.
The team includes Vikram Byanna Akula, SKS' CEO who has several
years of experience with microfinance; Bala Krishnamurthy,
formerly a systems specialist with McKinsey & Company
in the US and formerly the MIS specialist with CASHPOR India;
and Andy Khan of Motorola, Inc. in the US. In addition, SKS
is in the process of recruiting technical experts from both
the Hyderabad and US IT industries. Finally, SKS intends to
draw heavily upon the knowledge of its talented field staff
to ensure that implementation of the Smart Card is successful
at the village level.