In order
to meet our objective of serving over 1,000,000 by 2010, in
January 2005, SKS successfully transformed from a non-profit NGO to a
Non-Banking Finance Company (NBFC) regulated by the Reserve Bank of
India (RBI). SKS now enjoys the following list of benfits as an NBFC:
- Access to Funds: Commercial
lenders have greater comfort lending to a regulated company with
transparent ownership.
- Diverse Funding Source: As a
regulated for-profit company, SKS can raise equity and offer
returns, enabling it to access commercial investors and
international capital markets.
- Outreach Potential: With
increased access to funds, SKS will be able to scale into a national
organization.