曼彻斯特入学翻译.docVIP

Vikram Akula, the founder and public face of SKS Microfinance Limited was forced to step down from his position as executive chairman of India’s only publicly traded micro-finance company – a measure intended to shore up credibility among investors, regulators and customers alike. 作为印度唯一一家上市交易的小额贷款企业SKS的标志性人物，企业创始人维克拉姆?阿库拉 Over the 12 month period through the end of September 2011, the staff-strength seemed to mirror the declining trend in the stock’s pricing, with manpower numbers dwindling from 27,054 to 19,315. 过去十三个月中，SKS市值蒸发近九成，其小额贷款这一公司旗舰业务一度严重受挫，使公司面临窘境。自11年九月末以来的十二个月中，公司股价持续走低，原先的27054名员工也被裁减至19315人。 SKS appeared to be a victim of its own ambition, visibility and success: the provincial government of Andhra Pradesh, its largest market, had enacted legislation that came down heavily on lending and recovery operations. SKS或许正是为自己的雄心，远见和成功所累：作为该公司的最大市场，安德拉邦政府此前的立法对借贷和回收业务已造成了重创。 Above all, the negative publicity was predicated upon Akula selling a portion of his stake in the company immediately prior to the IPO. SKS now sought to diversify away from microfinance into financing the purchase of mobile phone handsets and loans against gold ornaments. 最为不利的一点在于，此前有消息称阿库拉在公司上市前夕已卖掉了手头的部分股份。现在，SKS正试图进行多样化经营，将公司业务从小额贷款领域向提供手机交易贷款和金饰质押贷款方面转移。 When seen in conjunction with the cash accruals over time, Akula’s separation from the company may not have been entirely detrimental to his personal interests. In industry parlance, ‘Grameen replication’ frequently refers to reproducing the essential features of the ‘original’ Bangladesh-Grameen-approach in different settings across the globe. 结合长期现金积累来看，阿库拉的离职对其个人利益而言未必全无益处。按照行业惯例，所谓“格莱珉复制”，通常是指在全球不同商业背景之下对“最初”孟加拉—格莱珉方式中基本要素的复制。 Most microfinance institutions for instance, have commenced with small and progressively growing loan sizes, and lend to groups of poor women with repayment schedules overlapping the borrowers’ cash-flow patterns. 例如，大多数小额贷款机构均是以小额或渐增的贷款规模起步，它们向贫困女性群体发放贷款，所制定的还款计划正好与借贷者的现金流模式同步。 Frequently, quality of