Citi Foundation Launches $11.2 Million International Microfinance Program in Partnership with the SEEP Network

21.03.08 - 00:44 ... source : Citigroup

... New York, NY – The Citi Foundation today announced a three-year US$11.2 million international grant program, in partnership with the SEEP Network to advance the integration of microfinance into the mainstream economies of developing countries. The Citi Network Strengthening Program will increase the ability of 12 major microfinance networks and their members to develop products and services that meet the needs of their clients. In addition, the program aims to enhance the industry's infrastructure, introduce higher standards of management and governance, and promote the vital role of microfinance in providing the poor with access to financial services. This program builds on the Citi Foundation's long-standing support of the microfinance industry. Over the past decade, the Citi Foundation has contributed nearly US$60 million in funding to support 250 microfi ...» Next (HTML)