Microfinance

Citi increases its microfinance work across the region

The US bank announces plans to grant more money across the region to help people move above the poverty line.

While most banks across Asia seem to be focusing on the high-net-worth market in Asia, some are also concentrating on the promising mass market. Most view licences in China as an opportunity to capitalise on the China Dream others see microfinance as a means to build long-standing relationships across the region.

According to the India Development Foundation, nearly 9 million Indian households that had access to microfinance moved above the $1.25 a day consumption threshold between 1990 and 2010, indicating that microfinance might be helping.

Last week, Citi announced two programmes designed to help promote financial inclusion in Asia and push people above the poverty line. One...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222