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SKS Microfinance today completed securitisation of Rs 55 crore of its assets, the fourth such deal during the current fiscal.
The only listed MFI had securitised Rs 321 crore on September 30, Rs 80.81 crore on December 11 and Rs 215 crore on December 19.
With the latest securitisation, SKS has sold its receivables from micro loans extended to over 72,000 rural women to a special purpose vehicle, and the pass-through certificates were purchased by a private sector bank, the company said, without naming the bank.
The pool is structured with geographical diversity as it comprises receivables from 13 non-Andhra markets, and has been subjected to a seasoning of three months.
The Hyderabad-based SKS is present across 15 states covering one lakh villages.
