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.