Abstract: Microfinance is all about providing financial services such as small size credit, savings, insurance etc. to the poor to help them engage in productive activities in order to improve their standard of living. SKS Microfinance was started in 1996 by Vikram Akula and became a public limited company in 2009 and issued equity shares to the public in the year 2010-11 to become the first Indian MFI to be listed in Bombay Stock Exchange and National Stock Exchange. The present study aims to know the evolution of the company, the shareholding pattern, practices followed by the company, methodology adopted in product delivery, product portfolio and the organization and management of the company. The study purely depends on secondary data collected from the website of the company under study. The company provides income generating loan (IGL), mid term loan (MTL), long term loan (LTL) mainly to support business enterprises. The strategy of SKS Microfinance is to earn profit through standardization, automation and scalable best practices. Its mission is to empower the poor particularly women by providing them collateral free small value loan following joint liability group model of lending. In its endeavour, it achieved excellence for which various awards and recognitions were conferred on it. The company is predominantly owned by foreign institutional investors (FIIs) and the company is one of the largest MFIs in India by Gross Loan Portfolio (GLP), number of borrowers and by branches as on March 31, 2015.
Keywords: CRISIL, DII, DFID, FII, GLP, JLG, Microfinance.
Title: AN ORGANISATIONAL STUDY ON SKS MICROFINANCE LIMITED
Author: Mukti Kumar Nanda
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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