In an interesting chat with Vikram Akula, the founder and CEO of SKS Microfinance, India’s fastest growing microfinance institution, Wharton reports on the emerging trends in microfinance. Akula talks about how once the RBI recognises the full potential of mobile banking, regulations will be eased so that time and money are not wasted in traditional brick and mortar infrastructure. Akula also talks about the constraints that come up, the dispute about high interest rates charged from the poor and how the future is looking for SKS.
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