"In India, Vikram Akula, the founder of SKS Microfinance, the country’s largest micro-lending bank, says he is modelling his growth plans on "Coke, Starbucks and McDonald’s." He describes Yunus as his "inspiration", but says it is time for a younger generation of bankers to "push it to the next level... with the unabashed goal to be extremely profitable."Interesting ambitions! See here two interviews with Akula... And, since I wrote about the WSJournal's piece on microfinance slum bubble credit crisis, I urge you to read Akula's scathing rebuttal letter.
04 October 2009
SKS Microfinance ~ For-Profit, Scalable, Mobile
The LondonTimes piece criticizing microfinance also mentioned...