Citi’s Landscape for Supporting Financial Inclusion
Sanjiv Vohra Country Head and Citi Country Officer
Philippines
29 October 2009
Citi Priorities
Microfinance and Microenterprise
Financial Education and Asset Building
Environment with focus on sustainable enterprises
Small and Growing Businesses
Youth Education
Disaster Response
Workplace - inclusive, diverse, empowering
Expanding access to financial servicesWorking across Citi’s businesses, product groups and geographies
Citi commercial scaling – beyond philanthropy
Strictly Private and Confidential
Citi Microfinance serves more than 100 MFIs, networks and investors as clients in over 40 countries with products and services spanning the financial spectrum – from
financing, access to capital markets, transaction services and hedging foreign exchange risk, to credit, savings, remittances and insurance products - to expand access to
financial services for the underserved.
Supporting sector development, Supporting the microfinance sector development through networks for more than 20 years through Citi Foundation
Leveraging Citi footprint, No other American bank has local bank presence in more than 100 countries
Establishing MFIs relationship, Citi has established policies and procedures to bank, finance and commercially partner with MFIs in their local currency, local language and local law.
Serving international investors, donors and funds working in the microfinance sector
Working with 100 clients in more than 40 countries
US7 Networks
2 Fund Managers
Latin America26 MFIs
11 Countries1 Fund Manager Africa
13 MFIs9 Countries
Asia35 MFIs
9 Countries
EE / Central Asia13 MFIs
7 Countries
Europe1 Network
3 Fund Managers
Citi Microfinance has been a pioneer in leading milestone transactions in various financial areas and geographies.
Citi Microfinance works in partnership with MFIs to extend the depth of financial services to low income households.
Leading innovation through milestone transactions
Strictly Private and Confidential
Citi Microfinance is embedding microfinance across all Citi’s businesses
FromConsumer Banking
To Local Capital
MarketsPrivate
Banking
Export and Agency
FinancingCorporateBanking
Commercial Banking
Peru
First microfinance
Bond
2002
US$20 million
Mexico
Investment grade
structured bonds
2002 - 2003Sole Bookrunner
MXP 200 million
Mexico
1.4 million women
covered by
micro insurance
From 2005
Bangladesh
First Securitization
of microloans
2006US$180 million
over 6 years
USA
Microloans
portfolio
Purchase
2008US$30 million
India
Savings products
using biometrics ATM
2004
Pakistan
First microfinance
local currency
syndication
2007US$22 million
Examples of Citi milestone transactions worldwide
Philippine Initiatives: Microfinance
7th Citi Microentrepreneur of the Year Awards
Microfinance Training and Accreditation Program with Asian Institute of Management
Citi Network Strengthening Program
Commercial Microfinance: CARDS
US$11.2 million international grant program that will increase the ability of 12 major microfinance networks to develop products and services that will meet the needs of their members and clients.
Management training modules developed by Citi to offer train-the-trainer courses to more than 100 trainers from MFIs across 10 countries in the region.
7 years running. Gave more than US$375,000 in grants
and recognizing 41 outstanding Filipino microentrepreneurs nationwide.
CARD – Citi Php 150 Million Microfinance Facility Agreement
Signing
10-year, US$200 million commitment to Financial Education
Strictly Private and Confidential
Citi Financial Education and Asset Building programme focuses on personal finance and touches people of every age, ethnicity and economic level and reaches across
businesses, languages and countries.
April 2004 – Office of of Financial Education
10-year, $200 million commitment to promoting financial education around the world
As of 2008 - Citi and Citi Foundation has invested approximately US$149 million in hundreds of financial education programmes around the world
Philippine Initiatives: Financial Education“Estudyantipid” Series
Citi Junior Bankers Congress
Citi-FINEX Rafael B. Buenaventura Outstanding Finance Educators Award
“Hatch” Series
Money Matters for Kids Travelling Exhibit and Workbook
Contributed US$ 200,000 in 7 years and benefited 210 students from various universities nationwide
Held campus tours in 2007 covering 15 universities in Metro Manila and Cebu reaching over 7,500 students.Hatch II: Personal Education Program for Call Center
Agents for implementation in 2009
1st Series – 7 episodes on basic personal finance
Money for Kids Traveling Exhibit: To run a month-long traveling exhibit in 4 locations nationwide in 2009-2010Money for Kids Workbook: Production of 3,000 copies of workbooks for distribution to beneficiary children during exhibit.
Citi-FT Financial Education Summit 2009
Strictly Private and Confidential
3 – 4 December 2009, Singapore in partnership with the Pearson Foundation and the Financial Times
Sixth in a series held annually
Provides a unique platform to share best practices in developing, delivering and evaluating financial education initiatives from around the globe
Consumer Education
Use Credit Wisely
Financial Planning and Investor Education
Customer Communication