Expanding Microfinance: East Africa

January 1, 2009 Posted by Unitus Labs, Update

New Partnerships and Regional Office Underway

When the founders of Unitus met with Muhammad Yunus nearly eight years ago to learn about the Grameen Bank and microcredit, they were inspired to grow this tool for large-scale poverty alleviation as quickly as possible. Much has changed since that time, including the reach of Unitus partners. In the last two years alone, from 2006 to 2008, our partners have increased their client base from 1.5 million to nearly 7 million families worldwide.

Much of that growth has sprung from India, specifically in the south, where many microfinance institutions (MFIs)—including the majority of our partners—have undergone incredible expansion over the last several years. While putting our Acceleration Model to work in support of this growth, we’ve gained valuable experience and learned how to be even more effective in scaling high-impact microfinance.

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