SKS Microfinance securitises Rs 158 crore

Prior to this the company had securitized Rs 223 crore on February 11

Micro-lender SKS Microfinance today said it has completed seventh round of asset securitisation worth Rs 158.27 crore in the current financial year.

Prior to this SKS had securitized Rs 222.65-crore on February 11, a statement said, adding that with the latest deal, the company had completed Rs 1,108.29 crore of securitisation this fiscal.

The statement further said that the company has downloaded the receivables from micro loans extended to over 1,80,000 rural women entrepreneurs to a special purpose vehicle, and pass through certificates have been purchased by a major private sector bank.

The entire pool qualifies for priority sector treatment as per RBI's priority sector lending guidelines.