Microfinance: Profiting from Poor

The massive investments by private equity firms
coupled with
an initial public offer (IPO) by SKS Microfinance has ignited a debate
about
the ethics and objectives of microfinance institutions (MFIs) in India.

The SKS Microfinance, the largest MFI in India
with substantial investments
by private equity firms and hedge funds, is planning to raise Rs.11,000
million
($250 million) through an IPO.

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