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Vikram Akula’s SKS Microfinance Pvt. Ltd.: The Making of a Successful Microfinance Institution



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Code : SEP0014

Year :
2006

Industry : Banking, Insurance and Financial Services

Region : India

Teaching Note: Not Available

Structured Assignment : Not Available

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Introduction: VikramAkula (Akula), the founder of one of theworld’s fastest growingmicrofinance institution (MFI), SKSMicrofinance Private Limited (SKS), was recognised by the Timemagazine in its list of 100 ‘people who shape our world’ in 2006. For Akula,who had left his job as a consultant atMcKinsey to start SKS in India, the honour came as a recognition for thework done by SKS in providing microfinance to the poor in India, a country which is reported to have the highest number of operatingMFIs.Akula has been in the forefront of transformingMFIs in India frombeing niche businesses or charities into a serious and viable business sector.


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