|
|
Article: Omidyar Network Grants $4.5 Million to Opportunity International to Scale Technology-based Microfinance Services in Africa
- Article from:
- U.S. Newswire
- Article date:
- February 24, 2009
CopyrightCopyright 2009 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
|
To: NATIONAL EDITORS
Contact: Rob Meloche of Opportunity International, +1-630-242-
4167, rmeloche@opportunity.org; or Sarah K. Steven of Omidyar
Network, +1-650-482- 2304, sarah@omidyar.net
OAK BROOK, Ill., Feb. 24 /PRNewswire/ -- Opportunity
International today announced it has received a $4.5 million grant
from Omidyar Network. Opportunity will use the grant to design,
create and implement new electronic and mobile banking technologies
that will reduce transaction costs and make microfinance services
available to more people in Sub-Saharan Africa.
Omidyar Network, a philanthropic investment firm started by eBay
founder Pierre Omidyar and his wife Pam, has committed more than $90
million ...