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Article: Vinod Khosla Leads Historic Rs. 11 Crores ($2.5 Million) Investment in SKS Microfinance.
- Article from:
- PR Newswire
- Article date:
- March 28, 2006
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Largest Microfinance Investment in India to Date
HYDERABAD, India, March 28 /PRNewswire/ -- Vinod Khosla, along with other social venture capitalists, the Small Industries Development Bank of India (SIDBI) and SKS' borrower community, made a Rs. 11 crores ($2.5 million) investment in SKS Microfinance today. The deal is the largest-ever investment in any microfinance institution in India. SKS, whose mission is to provide financial services to the poor, will use the investment to access commercial debt and scale outreach from its current base of 200,000 clients to 700,000 clients in 2006-07.
"I am impressed with the people and processes at SKS and am ...