Awards & Recognition

CRISIL has assigned “P1+” (Highest safety) rating to our Rs.7.5 billion Short-Term Debt Programme. SKS becomes the first and only MFI to have P1+ rating from CRISIL.

CRSIL has assigned MFI grading of ‘mfR1’ to the Company on July 2, 2010 indicating the ability of a microfinance institution to conduct its operations in a scalable and sustainable manner. The grading is assigned on an eight point scale, with ‘mfR1’ being the highest grading and ‘mfR8’, the lowest.

SKS was rated first among top 50 MFIs in India by CRISIL in October 2009.

SKS was awarded the Silver Certificate in October 2009 by CGAP with Michael & Susan Dell Foundation, the Ford Foundation, and the Social Performance Task Force (SPTF), powered by Microfinance Information Exchange (MIX) for implementing standards in microfinance operations providing services to the poor.

SKS was ranked the No. 1 MFI in the Country and No. 2 in the World in the annual composite rankings conducted by MIX Market based on the parameters of outreach, efficiency and transparency in 2009.

SKS received Certificate from IQ Net in May 2008 for the quality management system is in compliance with the standard ISO 9001:2000 in relation to the conducting of internal audits as per the policies and applicable standards.

SKS bagged Social and Corporate Governance Award issued by BSE and Nasscom Foundation for Best Corporate Social Responsibility Practice in December 2007.

SKS Microfinance was awarded the Excellence in Information Integrity award in 2007 for demonstrating information integrity and streamlining the processes, increasing operational efficiency and serving the customer better.

The Schwab Foundation presented the 2006 India Social Entrepreneur of the Year Award to SKS Microfinance. SKS Microfinance has been hailed as the “Starbucks of Microfinance” for adopting global business practices in microfinance leading to over US$ 71.6 million in loans benefiting 1.5 million Indians in 2005 and 2006.

SKS Microfinance was honored by PlaNet Finance and ABN AMRO with a Microfinance Process Excellence Award (MPEA) for Continued Excellence. MPEA is an initiative that encourages business excellence among the microfinance industry in India in 2006.

SKS Microfinance also received the MPEA award in 2005 on the basis of the clarity of the organizational vision and mission, the openness of the management to adopt tested management practices and approaches, level of IT&C adoption and transparency.

SKS Microfinance has won a Merit Award for financial transparency in February 2005 and January 2006 from The Consultative Group to Assist the Poor, a division of the World Bank. SKS won this award based on its compliance with international disclosure guidelines, including industry-specific CGAP Disclosure Guidelines and the widely accepted International Financial Reporting Standards.

SKS received the Excellence Award for its overall achievement in outreach to the poorest, financial performance and innovations that benefit both the organization and the industry by the Grameen Foundation USA Microfinance Practitioner Award for Excellence in 2005.