Will a $353 million IPO help a billion people in poverty?
Indian microlender SKS, whose village loans typically run $100, just blew out the doors on its IPO, anchored by Goldman Sachs, JPMorgan Chase, and other global names.
A harbinger of the world’s poorest becoming just another profit center for the world’s richest? Or an inevitable growth stage of a successful model, a natural expansion of a system that encourages self-sufficiency for the poor? Or both?