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Tufts U. to Use $100-Million Gift to Make Microloans in Developing Countries
By Paul Fain
Tufts University has received a $100-million gift, and plans to use the money in an unusual way: to make small loans throughout the developing world.
The strategy is designed not only to yield good returns, but also to spur economic growth in impoverished regions. The donation was made by Pierre Omidyar, a Tufts alumnus,...