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NOVEMBER 16, 2010

Yale Receives Foundation Grant for Microfinance Research Initiative | Bill & Melinda Gates Foundation

NEW HAVEN, Conn.--Yale University has received a $7.3 million grant from the Bill & Melinda Gates Foundation to create the Microsavings & Payments Innovation Initiative (MPII), a research effort designed to understand and communicate the development potential of microsavings and money transfer services for the world’s poor and those without access to a formal bank account, and research better ways of delivering these services.

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