On January 31, 2006, SIDBI made their first equity investment in a microfinance institution (MFI) by presenting two SKS Microfinance (SKS) clients with a check in the amount of $113,095. This represents half of SIDBIs total investment amount of $226,192 corresponding to a 7% stake in SKS Microfinance (SKS). Although SIDBI has supported microfinance through loans and capacity building, this is their first direct equity investment.
Continue reading “Small Industries Development Bank of India (SIDBI) Makes over $220,000 Microfinance Equity Investment in SKS Microfinance”
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