The Microfinance Gateway recently announced that Unitus, a global non-profit organization which assists microfinance institutions (MFIs) with accessing market capital, is entering into a new partnership with the Filipino microfinance institution (MFI) Lifebank Foundation. Unitus will provide the organization with a $250,000 grant as well as consulting services. The partnership will help the MFI expand its senior management, implement new management information systems technology, and expedite its conversion to a for-profit bank. Unitus will also take a seat on Lifebank’s board of directors.
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