NEWS & ADVICE : PERSONAL LOAN
SKS Microfinance hopes to increase customer base; offers mobile phone loans
By Vaibhav Aggarwal
Jul 24, 2012
Print    Email    RSS   
SKS Microfinance, has announced that it plans to increase the volume of loans it offers to customers to buy mobile phones. In addition to it, the NBFC would strenghten its ties with Sangam kiarana stores.

The company which offers loans to buy cheap and affordable mobile phones with easy repayment options plans to add 5.5 lakh more customers this fiscal. The company has so far given loans for 2.8 lakh mobile phones.

In addition to the above the company also plans to disburse loans to 15,000 Sangam kirana stores, from existing 14,742 stores. The loans would enable the kirana store owners to buy from wholesale and sell in their kirana stores. SKS Microfinance has also tied up with Metro Cash and Carry to assist the stores to increase their business volume and have sufficient working capital.

The NBFC has seen a reduction in its customer base, which went down from 77.2 lakh to 53.5 lakh in the last quarter of FY12. The company's MD, and CEO Mr. MR Rao stated, "On the business front, consolidation of customer base, cross-selling initiatives and diversification have been the key focus areas.''


(Comments Posted : 1) Post Your Comments
1. Really it would be a very well reform with the company.
Manoranjan (Posted: Jul 25, 2012)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Man caught for committing bank fraud
Getting the best rates on your personal...
Carnival of Indian Personal Finance Blogs # 9
Consolidation good for creating healthier...
A chronicle of excesses by loan recovery...


+91(8890900967) LOVE*}{ MARRIAGE specialist baba ji...
(ℬaℂk※ℒℴvℰ)(((+91-9460494674)))$black...
(ℬaℂk※ℒℴvℰ)(((+91-9460494674)))$HSUBAND...
Pune Call Girls CALL OR WhatsApp,+91 8698693666,...
baner call girls 9860166583 ~~~ 9767821144 ravet...
Pan card no.-BMDPK9839B

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive