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Financial Inclusion

The Citi Foundation supports efforts to develop a more inclusive financial system that provides greater access to financial products, services and capital to low-income communities and individuals. Access to capital and financial products empowers adults and young people to build financial assets, enables entrepreneurs to grow or launch businesses that create jobs, and helps community-based organizations to strengthen and transform communities. Unique about our efforts is recognition that access to capital and products alone is not enough. Financial capability, the ability to establish financial plans and develop strategies for preserving a strong financial position during times of both economic prosperity and instability, is critical to the economic success of individuals and communities.

Impact Targets

  • Increases in financial products and capital to support financial inclusion and the growth of businesses that provide new income generation and/or employment opportunities for low-income individuals
  • Increases in the number of low-income adults or youth who adopt positive financial behaviors and accumulate and preserve financial assets


Program Examples:

The Financial Diaries, authored by NYU economist Jonathan Morduch and the Center for Financial Services Innovation’s Rachel Schneider, sheds new light on how American families are responding to changes in the U.S. labor market, as well as increasing income and expense volatility. The book follows 235 low-and middle-income families over the course of a year and looks at their financial lives on a daily and weekly basis, a timeline that traditional studies tend to miss when focused on annual spending flows. A joint initiative of NYU Wagner’s Financial Access Initiative (FAI) and The Center for Financial Services Innovation (CFSI), the Citi Foundation supported the Financial Diaries to fill a gap between what we knew from aggregate data around the changing nature of work, wages, savings rates, and homeownership trends, for example and what was missing -- how American families actually manage their financial lives on a daily and weekly basis, the challenges that kept them from moving ahead and what influenced the financial decisions they made.

To learn more visit the U.S. Financial Diaries Website.

The Asia-Pacific Financial Inclusion Summit is an initiative launched by the Citi Foundation and the Foundation for Development Cooperation, in partnership with the Banking with the Poor Network. The Summit consolidates two leading forums, the Citi-Financial Education Summit and the Asia Microfinance Forum, to create a new platform that reflects the integration of capability, access and other key elements that can deliver impact and scale in inclusive finance. The event continues to be a catalyst for debate, best practice, knowledge exchange and partnerships among practitioners, policy-makers and other stakeholders seeking to achieve significantly greater financial inclusion in the region.

To Learn more visit the Financial Inclusion Summit Website.

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