Category: Unitus Labs

Unitus, Inc. announces new CEO

March 1, 2011 Unitus Labs, Update

Unitus, Inc.’s board of directors has appointed Dave Richards as CEO of non-profit, Unitus, Inc. Richards will assume responsibility for overseeing strategy and operations for the Unitus, Inc. and Unitus Investment Management (UIM) non-profits reporting to the respective Unitus, Inc. and UIM boards. Richards has been a board member of Unitus, Inc. since 2006 and… Read more >

Unitus, Inc. funds loan guarantee for Kenyan microfinance bank

January 31, 2011 Unitus Labs, Update

Unitus, Inc. partners with Financial Sector Deepening Kenya to provide guarantee for a $400,000 loan facility to Yehu Microfinance based in Mombasa, Kenya Unitus, Inc. has provided a grant of USD$350,000 to Financial Sector Deepening Kenya (FSDK) in support of a loan guarantee which FSDK is providing for a new USD$400,000 loan facility extended to Yehu… Read more >

Unitus, Inc. Update on Progress for 2010

December 22, 2010 Unitus Labs, Update

This is a follow-up to our July 2 announcement that we would redirect our efforts toward new poverty alleviation strategies and initiate no new microcredit acceleration projects. We want to keep you informed about what we’re doing to fulfill our commitments. This letter serves as a stewardship report from our board to you. We are… Read more >

Unitus, Inc. Redirects Efforts

July 2, 2010 Press Release, Unitus Labs

Unitus, Inc. Redirects Efforts from Non-Profit Microfinance Acceleration toward a Broader Array of Social Ventures Innovative non-profit helped shape and validate microfinance as a viable commercial activity, increase access to investment capital for working poor; with tens of billions of dollars in commercial capital now available in the microfinance industry, Unitus will refocus efforts to… Read more >

When Microcredit Isn’t the First Step

June 28, 2010 Media Exposure, Unitus Labs

By Sriram Gutta The microfinance movement has had great success in reaching over 150 million poor and low-income households worldwide. Yet, for nearly 1 billion people living under $1/day, microcredit is not the best first step. This group lives in the deepest and most profound levels of poverty and has little reason to believe that their… Read more >

Unitus arranges $1.5m catalytic debt for Mimo Finance

June 26, 2010 Media Exposure, Unitus Labs

Unitus Arranges Rs 7 crore ($1.5 million) Debt for Partner Mimo Finance Unitus arranges Rs 7 crore ($1.5 million) of debt funding from $15 million Unitus, Opic & Citi credit facility that finalized March 2010 From Financial Chronicle, Mimo raises Rs 7 crore debt, by Sanjay Vijay Kumar. “Delhi-based non-banking finance company Mimoza Enterprises Finance (Mimo) has… Read more >

Unitus-Hewitt Microfinance Compensation & Benefits Survey 2010

June 6, 2010 Unitus Labs, Update

Successful microfinance institutions are made up of successful individuals, and as Unitus discovered in its 2009 Compensation Benchmarking study, well-designed compensation programs play a significant role in crafting a high-performing staff. As such, Unitus is proud to announce the launch of the second annual Unitus-Hewitt Microfinance Compensation & Benefits Survey. Open to MFIs throughout India, the Survey… Read more >

Two New Partners Join SPMIP

May 26, 2010 Press Release, Unitus Labs

Unitus Announces Grama Vidiyal, AMK as Latest Partners in Social Performance Management Implementation Project Indian, Cambodian Institutions Join Effort to Maximize Effectiveness of Microfinance BANGALORE, 26 May 2010 — In keeping with its goal of bringing greater effectiveness to the work of microfinance institutions (MFIs) worldwide, global nonprofit Unitus, Inc. proudly announces today the signing of… Read more >

Equitas Program Empowers the Differently Abled

May 1, 2010 Unitus Labs, Update

Believing a physical challenge should not automatically create a financial one, Indian partner Equitas launched a program in late 2008 to encourage participation by the differently abled in local microfinance activities. A year later, after putting aside traditional notions of their role in their communities, a representative sample of differently abled Equitas members in Chennai… Read more >

Partner Spotlight: Paul Luchtenberg of AMK

May 1, 2010 Unitus Labs, Update

In 2008, Unitus partnered with Angkor Microfinance Kampuchea (AMK), an MFI working in rural Cambodia to provide financial services to low-income households. Led by CEO Paul Luchtenberg, AMK is widely recognized for their social mission and was one of the first organizations to receive the Social Performance Reporting Award in 2009. Unitus sat down with Paul… Read more >

New Frontiers in Microfinance: Mobile Banking

May 1, 2010 Unitus Labs, Update

Devin Erhardt (Manager, Global Programs) focuses on relationship management and consulting for Unitus. In recent months, she has been exploring new strategies for reaching poor, rural populations in the developing world who cannot access formal financial services. So, what is “mobile banking”?Mobile banking can describe many things, but primarily it means financial services—deposits, withdrawals, payments,… Read more >

Unitus Teams Up With OPIC & Citi

March 29, 2010 Press Release, Unitus Labs

Unitus Teams Up With OPIC & Citi to Make $15 Million Available for the Development of Emerging Microfinance Institutions Credit facility will provide debt funding to smaller MFIs in challenging markets SEATTLE, 29 March 2010 – In their ongoing effort to empower the world’s poor through microfinance, international nonprofit Unitus, Inc., the Overseas Private Investment… Read more >