eBay and Omidyar Network Founder Launches $100 Million
Microfinance Fund in Partnership with Tufts University
http://www.tufts.edu/home/feature/
MEDFORD/SOMERVILLE, MassTufts University today
announced that Pierre Omidyar, founder of eBay and
co-founder of Omidyar Network with his wife, Pam
both graduates of Tufts will invest $100 million in
international microfinance initiatives through a
unique partnership with their alma mater.
[snip]
The $100 million investment will bolster international
microfinance institutions in their efforts to scale
their capacity to make loans to poor, predominantly
female heads of households, who lack adequate income
to provide the basic necessities of food, shelter and
clothing for themselves and their families. Microloans
averaging $600often as low as $40enable the poor to
launch their own entrepreneurial pursuits.
More information on the Omidyar-Tufts Microfinance
Fund is available at www.tufts.edu/microfinancefund
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Miraj Khaled
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mindexplorer.blogspot.com
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