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
How far can new banking licenses be banked...
J&K Bank raises PLR
Carnival of Indian Personal Finance Blogs #6
Carnival of Indian Personal Finance Blogs #3
Know about Personal loan against fixed...


balance dues
My loan was rejected and my name was added to civil...
MY PAN CARD AEAPA6099R HOW TO CKECK PERSONNEL LOAN...
I want to know weather my name is listed in cibil...

NEWS THIS WEEK
HDFC bank topped the most valuable brand list Aug 20, 2014
Now 3 free transactions from non home ATMs will be allowed Aug 19, 2014
Exciting Independence Day offers by the banks Aug 14, 2014
New Corp Excel Branch in Jeppu Aug 13, 2014
Donations made by SBI as a part of CRS activities Aug 11, 2014
News Archive