{"id":1419,"date":"2007-04-07T20:22:12","date_gmt":"2007-04-07T20:22:12","guid":{"rendered":"https:\/\/unituslabs.org\/?p=1419"},"modified":"2011-05-13T20:53:20","modified_gmt":"2011-05-13T20:53:20","slug":"suddenly-it-is-sexy-to-fund-the-poor-sks","status":"publish","type":"post","link":"https:\/\/unituslabs.org\/updates\/suddenly-it-is-sexy-to-fund-the-poor-sks\/","title":{"rendered":"Suddenly it is Sexy to Fund the Poor (SKS)"},"content":{"rendered":"<p>Great ideas often spawn in the most terrible circumstances. One such idea is microfinance, often credited to last year&#8217;s Nobel prize winner Mohammad Yunus, who founded the immensely successful Grameen Bank of Bangladesh.\u00a0<\/p>\n<p>Yunus began by giving a micro-loan of $27 to 42 impoverished families after witnessing the horrors of the great Bengal famine. But the idea, which was inspired by misery and depends on the poor, ironically, is attracting savvy, super-rich investors.\u00a0<\/p>\n<p>&#8220;Microfinance is now sexy,&#8221; says Vikram Akula of SKS Microfinance, which has just received $11.5 million from private equity funds Sequoia Capital, Unitus Equity Fund, Odyssey Capital, SIDBI and venture capitalists Vinod Khosla and Ravi Reddy.<\/p>\n<p><a href=\"http:\/\/articles.timesofindia.indiatimes.com\/2007-04-07\/india-business\/27871634_1_sks-microfinance-indian-mfis-microfinance-institutions\" target=\"_blank\">Read more &gt;<\/a><\/p>\n<p><span class=\"tags\">Tags: <a href=\"https:\/\/unituslabs.org\/updates\/tag\/india\/\" rel=\"tag\">india<\/a>, <a href=\"https:\/\/unituslabs.org\/updates\/tag\/sks\/\" rel=\"tag\">SKS<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Great ideas often spawn in the most terrible circumstances. One such idea is microfinance, often credited to last year&#8217;s Nobel prize winner Mohammad Yunus, who founded the immensely successful Grameen Bank of Bangladesh.\u00a0 Yunus began by giving a micro-loan of $27 to 42 impoverished families after witnessing the horrors of the great Bengal famine. But&#8230; <a href=\"https:\/\/unituslabs.org\/updates\/suddenly-it-is-sexy-to-fund-the-poor-sks\/\">Read more &gt;<\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_aioseop_title":"","_aioseop_description":"But the idea, which was inspired by misery and depends on the poor, ironically, is attracting savvy, super-rich investors. ","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[26,69],"_links":{"self":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/posts\/1419"}],"collection":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/comments?post=1419"}],"version-history":[{"count":0,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/posts\/1419\/revisions"}],"wp:attachment":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/media?parent=1419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/categories?post=1419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/tags?post=1419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}