SKS, India’s largest microfinance company, recently issued an IPO of about $347 million. Many people question if this IPO coincides with the "true spirit" of microfinance. Muhammad Yunus came up with the idea of giving microloans to "the poor" to help them escape from the entrapment of greedy loan sharks. I fear that SKS's issuance of this IPO is the awakening of another greedy giant – the loan shark's big brother. I sincerely hope this IPO helps people escape poverty and improve their families' wealth, health, education, and overall wellbeing without awakening another greedy, money-hungry giant.
http://online.wsj.com/article/SB10001424052748704271804575405223356063904.html?mod=googlenews_wsj
http://www.microfinancemonitor.com/2010/08/08/sks-microfinance-ipo-fixed-at-rs-985-per-share/
http://www.businessweek.com/magazine/content/10_20/b4178016201790.htm
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