SKS Microfinance announced the seventh substantial microfinance securitization during the current financial year of Rs 158.27 crore. The earlier securitizations were: Rs. 321 crore (30 September 2013), Rs 80.81 crore (11 December 2013), Rs 215 crore (19 December 2013), Rs 55 crore (30 December 2013), Rs 55.56 crore (30 January 2014) and Rs 222.65 crore (11 February 2014). With this, the total sum of securitizations completed for FY14 is Rs 1,108.29 crore. The company has downloaded the receivables from micro loans extended to more than 1,80,000 rural women entrepreneurs to a special purpose vehicle and pass through certificates (PTCs) 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. Notably, 35% of the pool represents women entrepreneurs from scheduled castes and scheduled tribes, 11% from minorities, 38% from backward castes and the remaining 16% from women belonging to other castes. The entire pool comprises receivables from women entrepreneurs belonging to weaker sections. The pool is rated AA (SO) by a leading rating agency signifying ‘a high degree of safety regarding timely servicing of financial obligations’.