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
Consolidation good for creating healthier...
J&K Bank raises PLR
Personal loan: Lender of the last resort
Carnival of Indian Personal Finance Blogs #1
BPLR or Base rate?? Which is better…?


please give me my remaining EMI Details, my personal...
sir i am apply a personal loan but bank say that...
are my name in cibil difaulter list please confirm....
MY PAN CARD AEAPA6099R HOW TO CKECK PERSONNEL LOAN...
I want to know weather my name is listed in cibil...
HOW CAN I REMOVE MY NAME FROM CIVIL RECORD

NEWS THIS WEEK
UCO bank working with PAIC to finance green house project Jul 25, 2014
RBI laid new frame work to regulate banks Jul 23, 2014
SBI bank tied up with RML services LTD Jul 18, 2014
New Service for NRI by ICICI bank Jul 17, 2014
BOI expanded its customer base Jul 14, 2014
News Archive