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October 15, 2005 |
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SKS rolls out operations in four new states - Karnataka,
Maharashtra, Orissa and Madhya Pradesh
Hyderabad � In an effort to
reach its goal of 1,000,000 clients by 2010, SKS recently launched
operations in four new states. This confirms SKS� ambition to
operate throughout India and be the national leader in microfinance.
Karnataka and Maharashtra were online first and SKS is now operating
12 branches and 2 branches in each state respectively. Orissa and
Madhya Pradesh were launched later and currently have one branch
operating in each state. The objective is to expand these geographic
areas and replicate the success of Andhra Pradesh, where SKS is
currently reaching over 150,000 clients.
�Starting operations in four new states is a landmark development
for SKS. We have worked hard over the last eight years to build the
necessary systems and processes that would allow us to expand
rapidly and in new geographical areas. This proves the success of
that strategy and gives us confidence to expand further and faster,�
said SKS Founder and CEO, Vikram Akula.
You can see a complete coverage map here,
http://www.sksindia.com/website2/focusarea.htm |
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