SKS Microfinance December 2002 Vikram Akula, Founder and CEO Empowering the Poorest of the Poor to Become Self-Reliant

1 Mission and Profile Founded June 1998 Mission To Empower the Poorest of the Poor to Become Self- Reliant by Sustainably Providing Financial Services Focus Poorest of the Poor in Drought-Prone Deccan Region of India

2 Group-Based Grameen Methodology

3 Achievements Since branches 314 village centers 10,123 customers $1.4 million disbursement $680,000 loan outstanding 99.9% repayment 79% F.S.S. Our Goals Scale to 100,000 in Deccan by ‘07 Franchise to 100 of the poorest districts in India Achievements and Goals

4 Context of Technology Innovation 1. Identification of Barriers to Growth - High Volume, Low Value High Transactions Costs High Risk 2. Identification of Key Element of Solution SKS MAPS - Fully-Integrated, Fully-Automated MIS 3. Funders CGAP (Pro-Poor Innovation Award Winner) Grameen Foundation USA Digital Partners (SEL Award Winner) 4. Other Awards UC Berkeley Haas School Social Venture Competition Finalist Stockholm Challenge Finalist World Bank Development Marketplace Semi-Finalist

5 SKS MAPS Framework – Designed for Scale

6 SKS Portfolio Tracker - User Friendly Highly Sophisticated User-Interface Yet Intuitive and Easy-to-Use

7 Over 50 Customized Reports Following Best Practices SKS Portfolio Tracker - Extensive Reports

8 SKS Accounts Seamlessly Integrated with Accounts

9 After  Smart Card/Palm Pilot Front-End Reduces Time and Increases Productivity Bottleneck to Productivity at Field Level Smart Card as “Electronic Passbook” Reduces Time Before

10 Still Large Scope for Error and Fraud Still Delay in Portfolio Information Collection Sheet Print-Out Automated Manual Before Smart Cards

11 Single Data Entry Point Reduces Scope for Fraud & Error Single Data Entry Point Speeds Information Flow Automated After Smart Cards

12 For the Customer - Flexible Services Credit linkages at local hospitals Linking into proposed rural ATM networks Lines of credit with local vendors For the MFI - Cashless Microfinance using Phone Booths For Other Uses - SKS WAVE, Digital Platform for e-Health…. The Future: Smart Cards as Cash Substitute

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