citigroup-issues-regional-microfinance-grant

Citigroup issues regional microfinance grant

The bank partners with the Foundation for Development Cooperation and the
Banking With The Poor Network to strengthen microfinance in Asia.
A grant worth $570,000 from the Citigroup Foundation will be used by the Foundation for Development Cooperation FDC, and the Banking With The Poor Network BWTP to expand the provision of microfinance services across 10 Asian countries including India, Indonesia, Philippines, Sri Lanka and Vietnam.

The two-year programme will promote public-private partnerships and industry best practices that will help existing microfinance providers to expand the reach and range of services delivered to the poor. These efforts are also aimed at stimulating the development of more internationally recognised and commercially viable microfinance providers in Asia such as ASA, BRAC and Grameen Bank in Bangladesh.

South Asia is generally viewed as the birthplace of microfinance,...
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