MetLife Foundation and Opportunity International Partnership

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MetLife Foundation Partnership MetLife Foundation and Opportunity International Launch Partnership to Support Financial Access and Education for China Entrepreneurs 1 | Opportunity International July 7, 2015

Transcript of MetLife Foundation and Opportunity International Partnership

M e t L i f e F o u n d a t i o n P a r t n e r s h i p

MetLife Foundation and Opportunity International Launch Partnership to Support Financial Access and Education for China Entrepreneurs

1 | Opportunity International

July 7, 2015

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Today, The MetLife Foundation, which is dedicated to promoting the power, quality and access of financial services around the world,

announces a three-year, $1.8 million partnership with Opportunity International to promote knowledge and access to financial services

in rural China. Opportunity International is a global non-profit organization that provides loans, savings programs, business

resources and other programs to help millions of families around the world break the cycle of poverty.

M E T L I F E F O U N D AT I O N A N D O P P O R T U N I T Y I N T E R N AT I O N A L L A U N C H PA R T N E R S H I P

MetLife Foundation Partnership

This partnership will enable MetLife Foundation and Opportunity to:• Expand access to financial services for 4,200 small businesses in

rural areas of China. • Create more than 20,000 new jobs.• Enhance the financial knowledge and skills of +3,600 entrepreneurs

through financial training and business development services. • Deliver customized financial products and services through banks,

mobile vans and rural service centers to reach clients in even the most remote areas of China.

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T h i s n e w p a r t n e r s h i p w i l l h e l p u s …

Study key financial inclusion challenges and offer insights which improve practices and knowledge within the global development community.

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MetLife Foundation Partnership

“We’re very excited by this partnership with Opportunity International, because the organization’s broad slate of financial products and deep record reaching people in some of the most impoverished areas of the

world ensures that we’ll be successful.”- A. Dennis White, President & CEO of the MetLife Foundation

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MetLife Foundation Partnership

“Our comprehensive approach to financial inclusion—involving both access to much needed financial services and improved knowledge and understanding of the power of these services—will provide rural entrepreneurs with the resources they need to thrive, create jobs and increase incomes and assets in their communities.”

- A. Dennis White, President & CEO of the MetLife Foundation

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MetLife Foundation Partnership

MetLife launched this partnership with a $900,000 investment to promote and expand Opportunity’s job-creating programs in China, and then has committed to making a $410,000 donation in 2016 and a $460,000 donation in 2017 to expand and grow the programs in China.

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MetLife Foundation Partnership

“Through this partnership with the MetLife Foundation, Opportunity International will be able do more to bring our client-centered financial tools to China’s under-resourced small businesses. As important, our partnership will also improve the lives of tens of thousands of people living in poverty in rural China and introduce new ideas and services

into areas that will truly be transformative.” - Vicki Escarra, Global CEO of Opportunity International

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Creating jobs and improving livelihoods in rural China means increasing access to financial services and training to help community entrepreneurs launch and expand small businesses.

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MetLife Foundation Partnership

About MetLife Foundation• MetLife Foundation was created in 1976 to continue MetLife’s long

tradition of corporate contributions and community involvement. • Since its founding through the end of 2013, MetLife Foundation has

provided more than $600 million in grants and $70 million in program-related investments to organizations addressing issues that have a positive impact in their communities.

• Today, the Foundation is dedicated to advancing financial inclusion, committing $200 million over the next five years to help build a secure future for individuals and communities around the world.

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MetLife Foundation Partnership

About Opportunity International• Opportunity International is a global non-profit organization that

helps people in developing nations work their way out of poverty, strengthen their families and improve their communities.

• Founded in 1971, the organization has provided more than $9 billion in loans to its clients. Currently, the organization offers loans, savings programs, insurance and other financial services and training in 28 countries across Africa, Asia, Latin America and Europe.

• Clients use the resources to expand businesses, provide for their families and create jobs in their communities.

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