CGAP (Consultative Group to Assist the Poor), a US-based, nonprofit research center that aims to facilitate the expansion of financial access, and the Citi Foundation, the charitable arm of US-based financial services firm Citigroup, recently launched the “East Asia Digital Financial Inclusion Program”.
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MICROFINANCE EVENT: Citi Foundation, Foundation for Development Cooperation (FDC) Present Asia-Pacific Financial Inclusion Summit, October 27-29, 2015, Manila, Philippines
Event Name: Asia-Pacific Financial Inclusion Summit 2015
Event Date: October 27-29, 2015
Event Location: Makati Shangri-La Hotel, Manila, Philippines
MICROCAPITAL BRIEF: Citi Foundation Donates $2m to 7 Initiatives for Financial Education, Capacity Building in India
The Citi Foundation, the charitable arm of US-based financial services provider Citigroup that promotes financial inclusion and other initiatives, recently announced that it has issued the first disbursement from its “Innovation Grant Program”[1] with the aim of increasing its impact in India.
MICROCAPITAL BRIEF: Applications Open for Citi Foundation’s Indian Micro Enterprise Awards 2013
Citi Foundation, the charitable arm of US-based financial services provider Citigroup that provides grants for small and growing businesses, in partnership with Access Development Services, an Indian nonprofit consultant to microfinance institutions (MFIs), has opened applications for the 10th annual Citi Micro Enterprise Awards, which aim to recognize and honor microenterprises in India that have generated employment and reduced poverty in their communities [1].
MICROCAPITAL BRIEF: Bank for Agriculture and Agricultural Co-operatives, Habitat for Humanity Thailand, Citi Foundation Launch “Microsavings Program for Home Improvement”
Executive Vice President Somsak Kangteerawat of the Bank for Agriculture and Agricultural Co-operatives (BAAC), a government-owned bank in Thailand that extends credit to farmers, and Board Chairman Piriyah Wisedjinda of Habitat for Humanity (HFH) Thailand, a branch of the US-based NGO HFH International, have signed a memorandum of understanding establishing the “Microsavings Program for Home Improvement”, which is intended to support home improvements for low-income families living in areas of Thailand that are prone to flooding.
MICROCAPITAL BRIEF: Women’s World Banking (WWB), Citi Foundation Launch Women in Leadership Program
US-based microfinance network Women’s World Banking (WWB), with financial support from Citi Foundation, the charitable arm of US-based financial firm Citigroup, recently launched the “Women in Leadership Program,” an initiative aimed at increasing the number of women in leadership positions in microfinance.
MICROCAPITAL BRIEF: Opportunity International Adds Savings Services In Colombia By Converting Into Microfinance Bank With Funding From Citi Foundation
Opportunity International, a nonprofit organization headquartered in the USA that provides financial products in 24 developing countries, recently announced the establishment of a regulated microfinance bank that will take over the credit offerings it provides to underserved people in Bogotá, Colombia, in addition to rendering savings services.
MICROCAPITAL BRIEF: Habitat for Humanity, Citi Foundation, Multilateral Investment Fund (MIF) Unveil The Housing Microfinance: Product Development Toolkit
Habitat for Humanity, a US-based nonprofit organization, and Citi Foundation, the charitable arm of US-based financial services provider Citigroup, recently unveiled “The Housing Microfinance: Product Development Toolkit” in an effort to increase lending to improve housing for poor people worldwide.
MICROCAPITAL BRIEF: Citi Foundation Grants $180k to Parinaam Foundation of India to Provide Financial Literacy Training to Clients of Microfinance Institution Ujjivan
Citi Foundation, the charitable arm of the US-based financial provider Citigroup, reportedly has given a grant of INR 10 million (USD 180,000) to Parinaam Foundation, an Indian nonprofit organization, to deliver Parinaam’s Diksha Financial Literacy Program to approximately 31,000 microfinance clients.
MICROCAPITAL BRIEF: Innovations for Poverty Action (IPA), Citi Foundation Issue Call for Financial Capability Research Funding Proposals
Innovations for Poverty Action (IPA), a US-based nonprofit research organization, and Citi Foundation, the charitable arm of US-based financial service provider Citigroup, have issued a call for expressions of interest (EOI) for the Citi-IPA Financial Capability Research Fund.
MICROCAPITAL BRIEF: Calvert, Citi Foundations Launch Women Investing in Women Initiative (WIN-WIN) Channeling $20m to Microfinance
The Calvert Foundation, a US-based nonprofit specializing in social impact investment, in collaboration with Citi Foundation, the charitable arm of US-based financial services provider Citigroup, recently announced the launch of Women INvesting in Women INitiative (WIN-WIN) whereby USD 20 million will be invested to create opportunities for women lacking access to traditional financing.
MICROCAPITAL BRIEF: Mikrofond, Microfinance Centre, Citi Foundation Collaborate on Financial Education Project in Bulgaria
Mikrofond Aktzionerno Druzhestvo, a Bulgarian microfinance institution (MFI); Microfinance Centre, a Poland-based network of MFIs; and Citi Foundation, a US-based organization supporting financial inclusion, have prepared 25 Bulgarian microfinance trainers to give financial education workshops and counseling sessions to poor people in both rural and urban areas.
MICROCAPITAL BRIEF: Citi Foundation Donating $1m to Habitat for Humanity for Microsavings, Housing Assistance, Financial Education in the Philippines, Thailand, Vietnam
The Citi Foundation, the charitable arm of US-based financial services conglomerate Citigroup, will provide a USD 1 million grant to Habitat for Humanity, a US-based nonprofit organization that focuses on affordable housing, to develop the “Citi-Habitat Home Improvement Microsavings Program.”
MICROCAPITAL BRIEF: Citi Foundation, Russian Microfinance Center to Train MFIs to Train their Borrowers in Entrepreneurship
Citi Foundation, the charitable arm of global financial services provider Citigroup, has partnered with the Russian Microfinance Center (RMC), a professional association that supports microfinance operators in Russia, to facilitate business development for start-up entrepreneurs in Russia.
MICROCAPITAL BRIEF: Citi Foundation, Pakistan Microfinance Network Launch Flood Relief Efforts for Microfinance Industry in Pakistan
The Citi Foundation, the charitable arm of global financial services provider Citigroup, has partnered with the Pakistan Microfinance Network (PMN), an association of 20 microfinance providers in Pakistan, to aid the microfinance industry in recovering from the impacts of the Pakistani floods of 2010.
MICROCAPITAL BRIEF: Russian Microfinance Center (RMC) and Citi Foundation Open Nominations for Sixth Annual Citi Microentrepreneurship Awards
The Russian Microfinance Center (RMC), a trade association that advocates on behalf of the Russian microfinance community, and Citi Foundation, the charitable arm of global financial services provider Citi, have announced the opening of nominations for the sixth annual Citi Microentrepreneurship Awards.
MICROCAPITAL BRIEF: Citi Foundation to Examine Possibility of Microfinance Programs in Hong Kong
The Citi Foundation, the charitable arm of global financial services provider Citigroup, has reportedly partnered with Tung Wah Group of Hospitals, a charitable organization in Hong Kong that was established in 1870, to study whether a microfinance program would be feasible in Hong Kong.
MICROCAPITAL BRIEF: Grameen Foundation Receives $125,000 from Citi Foundation to Help Improve Human Capital Management Practices at Microfinance Institutions (MFIs)
Grameen Foundation, a US-based nonprofit organization, recently announced that it has received grants totaling USD 125,000 from the US-based microfinance funder, Citi Foundation. USD 100,000 is directed to Grameen’s efforts to improve human capital management practices at microfinance institutions (MFIs), while the remaining USD 25,000 is in support of Grameen’s broader strategic initiatives. The details of these broader initiatives have not been specified.