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 <title>NextBillion.net - Development Through Enterprise - SKS Founder Discusses BoP Business Basics (Subscription) - Comments</title>
 <link>http://www.nextbillion.net/newsroom/2008/06/10/sks-founder-discusses-bop-business-basics-subscription</link>
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 <title>SKS Founder Discusses BoP Business Basics (Subscription)</title>
 <link>http://www.nextbillion.net/newsroom/2008/06/10/sks-founder-discusses-bop-business-basics-subscription</link>
 <description>&lt;div class=&quot;flexinode-body flexinode-4&quot;&gt;&lt;span class=&quot;flexinode-timestamp-13&quot;&gt;
June 1, 2008 - 09:00,
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&lt;span class=&quot;flexinode-textfield-14&quot;&gt;
Harvard Business Review&lt;/span&gt;

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Business Basics at the Base of the Pyramid&lt;/div&gt;&lt;br&gt;

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 &lt;label&gt;Story Link:&lt;/label&gt;
 &lt;a href=&quot;http://harvardbusinessonline.hbsp.harvard.edu/b02/en/common/item_detail.jhtml?id=R0806B&amp;amp;referral=2340&quot;&gt;http://harvardbusinessonline.hbsp.harvard.edu/b02/en/common/item_detail.jhtml?id=R0806B&amp;amp;referral=2340&lt;/a&gt;
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&lt;strong&gt;Teaser: &lt;/strong&gt;&lt;br /&gt;
A decade after founding SKS Microfinance, CEO Akula explains how to make money at the bottom tier of the economic pyramid while raising the living standards of the people who occupy it. His company, which provides many small-business loans and other financial services to poor women in India, has a customer base that has been nearly tripling each year and now numbers more than 2 million. Akula attributes his firm&amp;#39;s success in part to heeding three principles: Adopt a profit-oriented approach in order to access commercial capital; boost capacity by standardizing products, training, and other processes; and use the latest technology to reduce costs and limit errors. &lt;br class=&quot;clear&quot; /&gt;&lt;/div&gt;
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A decade after founding SKS Microfinance, CEO Akula explains how to make money at the bottom tier of the economic pyramid while raising the living standards of the people who occupy it. His company, which provides many small-business loans and other financial services to poor women in India, has a customer base that has been nearly tripling each year and now numbers more than 2 million. Akula attributes his firm&amp;#39;s success in part to heeding three principles: Adopt a profit-oriented approach in order to access commercial capital; boost capacity by standardizing products, training, and other processes; and use the latest technology to reduce costs and limit errors. &lt;br class=&quot;clear&quot; /&gt;&lt;/div&gt;

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 <comments>http://www.nextbillion.net/newsroom/2008/06/10/sks-founder-discusses-bop-business-basics-subscription#comment</comments>
 <category domain="http://www.nextbillion.net/blogs/topic/microfinance">Microfinance</category>
 <category domain="http://www.nextbillion.net/newsroom/regional/southasia">South Asia</category>
 <pubDate>Tue, 10 Jun 2008 09:51:50 -0400</pubDate>
 <dc:creator>Derek Newberry</dc:creator>
 <guid isPermaLink="false">5661 at http://www.nextbillion.net</guid>
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