‘SKS IPO proceeds will go to non-profit work’

13 Aug 2010, 0157 hrs IST,M Rajshekhar,ET Bureau
Roughly a month before the SKS Microfinance IPO, the Seattle-based charity Unitus, a large investor in the firm, unexpectedly announced it was shuttering its non-profit operations in micro-credit and laying off more than 40 employees. The decision sparked a controversy because Unitus stood to [...]

Portfolios.com: Not the Typical Charity Case…

by Clay Holtzman Jul 26 2010

Investors linked to a charity stand to receive millions of dollars when a company they supported in lending to the poor in India goes public next week.The charity, Unitus, abruptly dismissed most of [...]

The Seattle Times: Microfinance mission accomplished? Hardly, expert says…

Posted by Kristi Heim
The recent decision by its board to close Seattle nonprofit Unitus and shift its resources to “other strategic areas” prompted Adam Sorensen, a consultant working for the International Finance Corporation, to write a response questioning the actions. Here’s his personal perspective:
Unitus, the Seattle-based, non-profit microfinance organization [...]

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