KNOW A MICROFINANCE FOUNDATION: Citi Foundation

Overview:
The Citi Foundation provides grants and guarantees to socially-oriented companies, including microfinance institutions (MFIs).

Description:
The Citi Foundation provides grants and guarantees focusing on the areas of microfinance, small and growing businesses, education, financial education and asset building, and neighborhood revitalization. Over the last 10 years, the Citi Foundation has granted more than USD 60 million in support of 250 microfinance programs and organizations across 55 countries.

Microfinance Information Exchange (MIX) Profile:
http://mixmarket.org/funders/citi-foundation

Organization’s Website:
http://www.citifoundation.com/citi/foundation/

Just the Facts:
Country of Incorporation: United States
Year Founded: 1980
Legal Status: Citigroup Affiliate
Fund Assets (as of day/month/year): USD 89.9 million (as of 31/December/08)
Fund Assets allocated to MFI investment (as of day/month/year): USD 11.7 million (as of 31/December/08)
Number of MFI Investments (as of day/month/year): 165 (as of 31/December/08)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): Citigroup
Instruments: Grants, Guarantees, Technical Assistance
Fund Currency: USD
Fund Manager: Citigroup

Contact Information:
Amy Feldman
Program Officer
feldmana@citi.com
+1 212 559 1615
Pamela Flaherty
President and CEO
flahertyp@citi.com

Additional Resources:
Latest News from Citi Foundation
http://www.citifoundation.com/citi/foundation/pub_press.htm

Citi Foundation Provides $25,000 Grant to MFTransparency, Provider of Data of Price Transparency for the Microfinance Industry (November 2009)
https://www.microcapital.org/microcapitalorg-story-cit-foundation-provide…

Citi Foundation and Jordan River Foundation Present 2008 Citi Microentrepreneurship Awards, Jordanian Government Pledges $7.1m to Local Microfinance Institutions (MFIs) (November 2008)
https://www.microcapital.org/microcapital-story-citi-foundation-and-jorda…

Citi Commits $1.5m to Indian School of Business to Promote Financial Inclusion for Small Investors and Enterprises (May 2008)
https://www.microcapital.org/press-release-citi-commits-15m-to-indian-sch…

Citi Foundation Creates USD 11.2mn Program with SEEP Network to Strengthen Trade Associations (March 2008)
https://www.microcapital.org/microcapital-story-citi-foundation-creates-u…

Citi Foundation, Russian Microfinance Center Launch “Plan Your Future” Financial Education Project (March 2008)
The Citi Foundation, Citigroup’s Grant-Making Arm, Pledges USD 100,000 to PlaNet Finance’s Microfinance Training Programme in Middle East and North Africa (October 2007)
https://www.microcapital.org/microcapital-story-the-citi-foundation-citig…

Citigroup, the Foundation for Development Cooperation (FDC), and the Banking with the Poor Network (BWTP) Oversee Program to Advance Microfinance Partnerships in Indonesia (September 2007)
https://www.microcapital.org/microcapital-story-citigroup-the-foundation-…

Citi Foundation and Pakistan Poverty Alleviation Fund Announce 2007 Micro-entrepreneurship Awards Program in Pakistan to Highlight Microfinance (August 2007)
https://www.microcapital.org/microcapital-story-citi-foundation-and-pakis…

Link to Microcapital Universe wiki page
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Citi+Foundation

Authored by Kenny Kline, Research Associate

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