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Citigroup entered the world of microfinance with a mere $5,000 grant in 1965åö and has now become entrenched in the sector. Citigroup takes a dual approach to microfinanceåö by providing millions in grants through Citigroups non-profit arm, while also offering financial services as a commercial partner. The commercial entity, Citigroups Microfinance Group, is engaged in a variety of activities with microfinance partners including foreign exchange hedging, securitization of microfinance loans, local private placements and bond issues, direct and co-financing, and cash management.
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