Microfinance Group Unitus Shuts Down, Eyes ‘Reinvention’ - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

From the Chronicle

Microfinance Group Unitus Shuts Down, Eyes ‘Reinvention’ - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Microfinance Group Unitus Shuts Down, Eyes ‘Reinvention’

Seattle-based microfinance provider Unitus will dissolve operations, lay off all 45 of its employees, and redirect its assets into a new antipoverty venture, according to the Puget Sound Business Journal.

In a press statement, Unitus said that after fulfilling existing commitments, it will form a “reinvented organization” to work on “poverty-focused philanthropic activities.”"