“SKS is unique because we use three things to overcome the problem of scaling. Number one is using for profit model to access capital. Number two is to use business practises from fortune 500 companies to scale extremely fast and to use technology. These three things have helped us a new generation MFI to have the fastest growth rates,” says Akula who is the founder and CEO of SKS Microfinance.
The new capital will go towards providing financial services to over five million poor families by 2010.