Akula shines light on India microlending in SKS IPO

Jul 2010
Mumbai, India, July, 01 2010 - As a controversial $250-$350 million IPO draws nearer, Vikram Akula, founder of India's largest microlender, SKS Microfinance, crunches numbers. India's first microfinance institution (MFI) to tap the capital market has nearly 7 million clients, has disbursed close to $3 billion in total and claims a 99 percent repayment rate. But critics have jumped on another number altogether.

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Source : Reuters

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