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November 14, 2005 |
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SKS
receives Grameen Foundation USA's Excellence Award
Hyderabad - SKS wins Grameen
Foundation USA's (GFUSA,
www.gfusa.org) Excellence Award for
bringing industry-leading financial services to poor families in
India. The award recognizes SKS's overall outreach to the poorest of
the poor, exceptional operational standards and processes, and
industry-leading innovation and technology.
The award was presented to SKS clients by Julie Peachey, Regional
Director - Asia Programs, GFUSA, during a ceremony in Dallas, Texas
as well as in Hyderabad, India a week later. �SKS Microfinance was
chosen for the award considering its financial performance and its
management information system (MIS) that it developed to manage
small transactions,� said Julie Peachey, Grameen Foundation, USA.
SKS Microfinance has been associated with the Grameen Foundation
since 2002 and has so far received $75,000 for the development of
its automated management system (MIS), said Vikram Akula, founder
and CEO, SKS Microfinance Private Limited. �The Grameen Foundation
will also provide access to a Rs 5-crore guarantee fund that will
enable us to access funds up to Rs 50 crore from commercial banks,�
Akula said. |
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