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Gift to Tufts will aid world's smallest firms

Founder of eBay, wife donate $100m

Pierre and Pam Omidyar, Tufts graduates, have given the university its biggest donation ever, to help poor people around the world to start up small businesses with very small loans.
By Marcella Bombardieri
Globe Staff / November 4, 2005

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The founder of eBay and his wife have donated $100 million to Tufts University, the school's largest gift ever, but also one with a unique twist: All the money will be invested in microfinance, which involves tiny loans as low as $40, designed to help poor people in the developing world start small businesses, such as selling hand-woven cloth or ... (Full article: 931 words)

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