Tag: SKS

SKS Microfinance Raises Rs 366 Cr In Fourth Round

November 10, 2008 Media Exposure, Unitus Equity Fund

In the largest microfinance deal in the world, Hyderabad based SKS Microfinance has raised Rs 366 crore or $75 million from private equity investors. This is fourth round of fund raising by SKS. Sandstone Capital, an India focused hedge fund with $1 billion capital under management, has led the deal, while the other investors in… Read more >

SKS Microfinance Raises 3rd Round

February 1, 2008 Media Exposure, Unitus Equity Fund

SKS Microfinance Pvt. Ltd., one of the fastest growing microfinance company in the world, has announced the successful closure of a third round of funding in which it has raised Rs. 124 crores. The third round of funding is the largest microfinance investment in India till date. SKS Microfinance is the largest venture-backed microfinance institution… Read more >

Unitus Partners Shine in New Microfinance Rankings

February 1, 2008 Unitus Labs, Update

Unitus is proud to congratulate its partners Bandhan, Grameen Koota, and SKS for ranking among Forbes Magazine’s top 50 microfinance institutions in December. Forbes Magazine’s first-ever list of the “World’s Top 50 Microfinance Institutions” surveyed and ranked a field of 641 micro-credit providers according to scale, efficiency, portfolio risk, and profitability. Using this rating system, Bandhan ranked… Read more >

Suddenly it is Sexy to Fund the Poor (SKS)

Great ideas often spawn in the most terrible circumstances. One such idea is microfinance, often credited to last year’s Nobel prize winner Mohammad Yunus, who founded the immensely successful Grameen Bank of Bangladesh.  Yunus began by giving a micro-loan of $27 to 42 impoverished families after witnessing the horrors of the great Bengal famine. But… Read more >

SKS Makes Microfinancing Easier

Mumbai: Six lakh women borrowers spread across more than 7, 000 villages in 11 states of India have Vikram Akula’s SKS Microfanance to thank for a new life. SKS is now one of the fastest growing Microfinance institutions in the world.The company grew by 160 per cent with a 99 per cent on-time repayment rate… Read more >

Unitus Announces Equity Investment in SKS Microfinance

March 28, 2006 Press Release, Unitus Equity Fund

Unitus today announced the Unitus Equity Fund (UEF) and the first-ever UEF investment, a $470,000 investment in Unitus MFI partner SKS Microfinance. The UEF completed a $8.5 million first-round investment close of a $20 million total fund on March 15, 2006. Vinod Khosla Leads Historic Rs. 11 crores ($2.5 million) Investment in SKS Microfinance Largest… Read more >