Gates Foundation Awards Unitus $1.46 Million

May 22, 2006 Posted by Press Release, Unitus Labs

Gates Foundation Awards Unitus $1.46 Million to Drive Innovations in Microfinance Efficiency

Grant will help Unitus accelerate access to financial services for the world’s poor

Redmond, WA–May 22, 2006–Unitus, a creator of innovative solutions to global poverty, announced today that it had received a $1.46 million grant from the Bill & Melinda Gates Foundation to identify potential innovations in the efficiency of the microfinance business model. In this three-year project, Unitus will work with four Unitus microfinance institution (MFI) partners in India and Latin America to create substantial improvements in their operational and financial efficiency that can be shared across the industry.

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