Unitus, a global non-profit organization which assists microfinance institutions (MFIs) with accessing market capital, officially announced a USD 1.46 million grant from the Bill and Melinda Gates Foundation. The grant money will fund a new project geared toward enhancing efficiency within the microfinance industry. Unitus will analyze the business practices four of its “partner MFIs,” and recommend steps to improving their overall business efficiency. The ultimate goal is to create a report at the end of the three-year project which will provide insight into efficiency-enhancing measures that can be utilized by MFIs across the globe. According to Unitus’ overview of the project, the four MFIs which most likely will be researched are Grameen Koota (from India), Bandhan (also Indian), Pro Mujer Mexico, and Fondo Inversion Social (Argentina).
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