Answer: SKS Microfinance
SKS Microfinance is India’s largest and one of the world’s fastest-growing microfinance organizations. It claims that its mission is to empower the poor by providing them collateral-free loans for income generation. SKS Microfinance has 5.8 million clients (2010) in 1,627 branches in 19 states across India and total assets worth $897.9 million (Sept.'09.) SKS charges an annual effective interest rate ranging from 26.7% to 31.4%.
