Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/sks-i-p-o-ignites-microfinance-debate-2751/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/sks-i-p-o-ignites-microfinance-debate-2751/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/sks-i-p-o-ignites-microfinance-debate-2751/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/sks-i-p-o-ignites-microfinance-debate-2751/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]Code Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800ca14419fa-trace').style.display = (document.getElementById('cakeErr6800ca14419fa-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6800ca14419fa-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800ca14419fa-code').style.display = (document.getElementById('cakeErr6800ca14419fa-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800ca14419fa-context').style.display = (document.getElementById('cakeErr6800ca14419fa-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6800ca14419fa-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr6800ca14419fa-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 2665, 'title' => 'SKS I.P.O. Ignites Microfinance Debate', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <br /> <font face="arial,helvetica,sans-serif" size="3">An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">SKS Microfinance&rsquo;s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company&rsquo;s traditional obligation is to make money for its shareholders, while the mission of microfinance &mdash; loans typically under $200 for starting businesses that banks won&rsquo;t make &mdash; is to lift people out of poverty.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS&rsquo;s I.P.O. &mdash; the first in India and the third worldwide &mdash; is likely to set a trend. Other Indian microfinance lenders are watching and waiting to see whether they too should tap capital markets.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">&rdquo;This is pushing microfinance in the loan-sharking direction,&rdquo; Muhammad Yunus, who was awarded the Nobel Peace Prize for his work at the established microfinance lender,&nbsp; Grameen Bank, told The Associated Press. &rdquo;It&rsquo;s not mission drift. It&rsquo;s endangering the whole mission.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">&rdquo;By offering an I.P.O., you are sending a message to the people buying the I.P.O. there is an exciting chance of making money out of poor people. This is an idea that is repulsive to me,&rdquo; he said. &rdquo;Microfinance is in the direction of helping the poor retain their money rather than redirecting it in the direction of rich people.&rdquo;</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p>', 'credit_writer' => 'The New York Times, 29 July, 2010, http://dealbook.blogs.nytimes.com/2010/07/29/sks-i-p-o-sparks-microfinance-debate/?scp=5&sq=India&st=cse', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'sks-i-p-o-ignites-microfinance-debate-2751', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 2751, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 2665, 'metaTitle' => 'LATEST NEWS UPDATES | SKS I.P.O. Ignites Microfinance Debate', 'metaKeywords' => 'Poverty,Microfinance', 'metaDesc' => ' An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The...', 'disp' => '<p align="justify"><font ></font></p><p align="justify"><br /><font >An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font></p><p align="justify"><font >SKS Microfinance&rsquo;s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company&rsquo;s traditional obligation is to make money for its shareholders, while the mission of microfinance &mdash; loans typically under $200 for starting businesses that banks won&rsquo;t make &mdash; is to lift people out of poverty.</font></p><p align="justify"><font >Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS&rsquo;s I.P.O. &mdash; the first in India and the third worldwide &mdash; is likely to set a trend. Other Indian microfinance lenders are watching and waiting to see whether they too should tap capital markets.</font></p><p align="justify"><font >&rdquo;This is pushing microfinance in the loan-sharking direction,&rdquo; Muhammad Yunus, who was awarded the Nobel Peace Prize for his work at the established microfinance lender,&nbsp; Grameen Bank, told The Associated Press. &rdquo;It&rsquo;s not mission drift. 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Ignites Microfinance Debate', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <br /> <font face="arial,helvetica,sans-serif" size="3">An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">SKS Microfinance&rsquo;s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company&rsquo;s traditional obligation is to make money for its shareholders, while the mission of microfinance &mdash; loans typically under $200 for starting businesses that banks won&rsquo;t make &mdash; is to lift people out of poverty.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS&rsquo;s I.P.O. &mdash; the first in India and the third worldwide &mdash; is likely to set a trend. 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Ignites Microfinance Debate' $metaKeywords = 'Poverty,Microfinance' $metaDesc = ' An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The...' $disp = '<p align="justify"><font ></font></p><p align="justify"><br /><font >An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font></p><p align="justify"><font >SKS Microfinance&rsquo;s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company&rsquo;s traditional obligation is to make money for its shareholders, while the mission of microfinance &mdash; loans typically under $200 for starting businesses that banks won&rsquo;t make &mdash; is to lift people out of poverty.</font></p><p align="justify"><font >Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS&rsquo;s I.P.O. &mdash; the first in India and the third worldwide &mdash; is likely to set a trend. Other Indian microfinance lenders are watching and waiting to see whether they too should tap capital markets.</font></p><p align="justify"><font >&rdquo;This is pushing microfinance in the loan-sharking direction,&rdquo; Muhammad Yunus, who was awarded the Nobel Peace Prize for his work at the established microfinance lender,&nbsp; Grameen Bank, told The Associated Press. &rdquo;It&rsquo;s not mission drift. It&rsquo;s endangering the whole mission.</font></p><p align="justify"><font >&rdquo;By offering an I.P.O., you are sending a message to the people buying the I.P.O. there is an exciting chance of making money out of poor people. 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Ignites Microfinance Debate | Im4change.org</title> <meta name="description" content=" An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India’s largest microfinance lender to put shareholders above the poor it serves, The..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>SKS I.P.O. Ignites Microfinance Debate</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p align="justify"><font ></font></p><p align="justify"><br /><font >An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India’s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font></p><p align="justify"><font >SKS Microfinance’s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company’s traditional obligation is to make money for its shareholders, while the mission of microfinance — loans typically under $200 for starting businesses that banks won’t make — is to lift people out of poverty.</font></p><p align="justify"><font >Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS’s I.P.O. — the first in India and the third worldwide — is likely to set a trend. Other Indian microfinance lenders are watching and waiting to see whether they too should tap capital markets.</font></p><p align="justify"><font >”This is pushing microfinance in the loan-sharking direction,” Muhammad Yunus, who was awarded the Nobel Peace Prize for his work at the established microfinance lender, Grameen Bank, told The Associated Press. ”It’s not mission drift. It’s endangering the whole mission.</font></p><p align="justify"><font >”By offering an I.P.O., you are sending a message to the people buying the I.P.O. there is an exciting chance of making money out of poor people. This is an idea that is repulsive to me,” he said. ”Microfinance is in the direction of helping the poor retain their money rather than redirecting it in the direction of rich people.”</font></p><p align="justify"><font ></font></p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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Ignites Microfinance Debate', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <br /> <font face="arial,helvetica,sans-serif" size="3">An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">SKS Microfinance&rsquo;s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company&rsquo;s traditional obligation is to make money for its shareholders, while the mission of microfinance &mdash; loans typically under $200 for starting businesses that banks won&rsquo;t make &mdash; is to lift people out of poverty.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS&rsquo;s I.P.O. &mdash; the first in India and the third worldwide &mdash; is likely to set a trend. Other Indian microfinance lenders are watching and waiting to see whether they too should tap capital markets.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">&rdquo;This is pushing microfinance in the loan-sharking direction,&rdquo; Muhammad Yunus, who was awarded the Nobel Peace Prize for his work at the established microfinance lender,&nbsp; Grameen Bank, told The Associated Press. &rdquo;It&rsquo;s not mission drift. It&rsquo;s endangering the whole mission.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">&rdquo;By offering an I.P.O., you are sending a message to the people buying the I.P.O. there is an exciting chance of making money out of poor people. 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Ignites Microfinance Debate', 'metaKeywords' => 'Poverty,Microfinance', 'metaDesc' => ' An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The...', 'disp' => '<p align="justify"><font ></font></p><p align="justify"><br /><font >An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font></p><p align="justify"><font >SKS Microfinance&rsquo;s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company&rsquo;s traditional obligation is to make money for its shareholders, while the mission of microfinance &mdash; loans typically under $200 for starting businesses that banks won&rsquo;t make &mdash; is to lift people out of poverty.</font></p><p align="justify"><font >Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS&rsquo;s I.P.O. &mdash; the first in India and the third worldwide &mdash; is likely to set a trend. Other Indian microfinance lenders are watching and waiting to see whether they too should tap capital markets.</font></p><p align="justify"><font >&rdquo;This is pushing microfinance in the loan-sharking direction,&rdquo; Muhammad Yunus, who was awarded the Nobel Peace Prize for his work at the established microfinance lender,&nbsp; Grameen Bank, told The Associated Press. &rdquo;It&rsquo;s not mission drift. 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Ignites Microfinance Debate', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <br /> <font face="arial,helvetica,sans-serif" size="3">An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">SKS Microfinance&rsquo;s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company&rsquo;s traditional obligation is to make money for its shareholders, while the mission of microfinance &mdash; loans typically under $200 for starting businesses that banks won&rsquo;t make &mdash; is to lift people out of poverty.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS&rsquo;s I.P.O. &mdash; the first in India and the third worldwide &mdash; is likely to set a trend. 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Ignites Microfinance Debate' $metaKeywords = 'Poverty,Microfinance' $metaDesc = ' An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The...' $disp = '<p align="justify"><font ></font></p><p align="justify"><br /><font >An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font></p><p align="justify"><font >SKS Microfinance&rsquo;s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company&rsquo;s traditional obligation is to make money for its shareholders, while the mission of microfinance &mdash; loans typically under $200 for starting businesses that banks won&rsquo;t make &mdash; is to lift people out of poverty.</font></p><p align="justify"><font >Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS&rsquo;s I.P.O. &mdash; the first in India and the third worldwide &mdash; is likely to set a trend. Other Indian microfinance lenders are watching and waiting to see whether they too should tap capital markets.</font></p><p align="justify"><font >&rdquo;This is pushing microfinance in the loan-sharking direction,&rdquo; Muhammad Yunus, who was awarded the Nobel Peace Prize for his work at the established microfinance lender,&nbsp; Grameen Bank, told The Associated Press. &rdquo;It&rsquo;s not mission drift. It&rsquo;s endangering the whole mission.</font></p><p align="justify"><font >&rdquo;By offering an I.P.O., you are sending a message to the people buying the I.P.O. there is an exciting chance of making money out of poor people. This is an idea that is repulsive to me,&rdquo; he said. &rdquo;Microfinance is in the direction of helping the poor retain their money rather than redirecting it in the direction of rich people.&rdquo;</font></p><p align="justify"><font ></font></p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/sks-i-p-o-ignites-microfinance-debate-2751.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | SKS I.P.O. Ignites Microfinance Debate | Im4change.org</title> <meta name="description" content=" An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India’s largest microfinance lender to put shareholders above the poor it serves, The..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>SKS I.P.O. Ignites Microfinance Debate</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p align="justify"><font ></font></p><p align="justify"><br /><font >An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India’s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font></p><p align="justify"><font >SKS Microfinance’s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company’s traditional obligation is to make money for its shareholders, while the mission of microfinance — loans typically under $200 for starting businesses that banks won’t make — is to lift people out of poverty.</font></p><p align="justify"><font >Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS’s I.P.O. — the first in India and the third worldwide — is likely to set a trend. Other Indian microfinance lenders are watching and waiting to see whether they too should tap capital markets.</font></p><p align="justify"><font >”This is pushing microfinance in the loan-sharking direction,” Muhammad Yunus, who was awarded the Nobel Peace Prize for his work at the established microfinance lender, Grameen Bank, told The Associated Press. ”It’s not mission drift. It’s endangering the whole mission.</font></p><p align="justify"><font >”By offering an I.P.O., you are sending a message to the people buying the I.P.O. there is an exciting chance of making money out of poor people. This is an idea that is repulsive to me,” he said. ”Microfinance is in the direction of helping the poor retain their money rather than redirecting it in the direction of rich people.”</font></p><p align="justify"><font ></font></p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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Ignites Microfinance Debate', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <br /> <font face="arial,helvetica,sans-serif" size="3">An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">SKS Microfinance&rsquo;s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. 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Ignites Microfinance Debate', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <br /> <font face="arial,helvetica,sans-serif" size="3">An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">SKS Microfinance&rsquo;s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company&rsquo;s traditional obligation is to make money for its shareholders, while the mission of microfinance &mdash; loans typically under $200 for starting businesses that banks won&rsquo;t make &mdash; is to lift people out of poverty.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS&rsquo;s I.P.O. &mdash; the first in India and the third worldwide &mdash; is likely to set a trend. 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Ignites Microfinance Debate' $metaKeywords = 'Poverty,Microfinance' $metaDesc = ' An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The...' $disp = '<p align="justify"><font ></font></p><p align="justify"><br /><font >An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India&rsquo;s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font></p><p align="justify"><font >SKS Microfinance&rsquo;s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company&rsquo;s traditional obligation is to make money for its shareholders, while the mission of microfinance &mdash; loans typically under $200 for starting businesses that banks won&rsquo;t make &mdash; is to lift people out of poverty.</font></p><p align="justify"><font >Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS&rsquo;s I.P.O. &mdash; the first in India and the third worldwide &mdash; is likely to set a trend. Other Indian microfinance lenders are watching and waiting to see whether they too should tap capital markets.</font></p><p align="justify"><font >&rdquo;This is pushing microfinance in the loan-sharking direction,&rdquo; Muhammad Yunus, who was awarded the Nobel Peace Prize for his work at the established microfinance lender,&nbsp; Grameen Bank, told The Associated Press. &rdquo;It&rsquo;s not mission drift. 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This is an idea that is repulsive to me,&rdquo; he said. &rdquo;Microfinance is in the direction of helping the poor retain their money rather than redirecting it in the direction of rich people.&rdquo;</font></p><p align="justify"><font ></font></p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/sks-i-p-o-ignites-microfinance-debate-2751.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | SKS I.P.O. Ignites Microfinance Debate | Im4change.org</title> <meta name="description" content=" An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India’s largest microfinance lender to put shareholders above the poor it serves, The..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>SKS I.P.O. Ignites Microfinance Debate</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p align="justify"><font ></font></p><p align="justify"><br /><font >An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India’s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes.</font></p><p align="justify"><font >SKS Microfinance’s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company’s traditional obligation is to make money for its shareholders, while the mission of microfinance — loans typically under $200 for starting businesses that banks won’t make — is to lift people out of poverty.</font></p><p align="justify"><font >Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS’s I.P.O. — the first in India and the third worldwide — is likely to set a trend. Other Indian microfinance lenders are watching and waiting to see whether they too should tap capital markets.</font></p><p align="justify"><font >”This is pushing microfinance in the loan-sharking direction,” Muhammad Yunus, who was awarded the Nobel Peace Prize for his work at the established microfinance lender, Grameen Bank, told The Associated Press. ”It’s not mission drift. It’s endangering the whole mission.</font></p><p align="justify"><font >”By offering an I.P.O., you are sending a message to the people buying the I.P.O. there is an exciting chance of making money out of poor people. This is an idea that is repulsive to me,” he said. ”Microfinance is in the direction of helping the poor retain their money rather than redirecting it in the direction of rich people.”</font></p><p align="justify"><font ></font></p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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SKS I.P.O. Ignites Microfinance Debate |
SKS Microfinance’s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company’s traditional obligation is to make money for its shareholders, while the mission of microfinance — loans typically under $200 for starting businesses that banks won’t make — is to lift people out of poverty. Some say those are irreconcilable objectives. Others argue it is possible to serve two bottom lines simultaneously, reaping both financial and societal rewards. Either way, SKS’s I.P.O. — the first in India and the third worldwide — is likely to set a trend. Other Indian microfinance lenders are watching and waiting to see whether they too should tap capital markets. ”This is pushing microfinance in the loan-sharking direction,” Muhammad Yunus, who was awarded the Nobel Peace Prize for his work at the established microfinance lender, Grameen Bank, told The Associated Press. ”It’s not mission drift. It’s endangering the whole mission. ”By offering an I.P.O., you are sending a message to the people buying the I.P.O. there is an exciting chance of making money out of poor people. This is an idea that is repulsive to me,” he said. ”Microfinance is in the direction of helping the poor retain their money rather than redirecting it in the direction of rich people.” |