SKS Microfinance has completed its securitization transaction worth Rs 54.48 crore which comes close on the heels of its Rs 200 crore securitization transaction with a leading public sector bank in November 2012.
SKS Microfinance has downloaded the receivables from 64,579 micro loans extended to rural women entrepreneurs to a Special Purpose Vehicle, and Pass through Certificates (PTCs) have been purchased by a non-banking entity. The pool is rated by one of the leading rating agencies, which has awarded the ‘Highest Safety Rating’.
SKS Microfinance is a non-banking finance company (NBFC), registered and regulated by Reserve Bank of India, whose mission is to eradicate poverty by providing financial services to the poor.
