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Moncada, Angie [NAM-CR]

From: Microfinance

Sent: Monday, August 13, 2012 10:30 AM

To: Microfinance

Subject: Citi Microfinance Update

Ci t i M icro f in ance Updat e Comments to microfinance@citi.com About Citi Microfinance

INNOVATION

Scaling Microfinance to Achieve Financial Inclusion Around theWorldCitis $350 million partnership with the U.S. Overseas Private

Investment Corporation (OPIC) which has helped to create loans fornearly 1 million microborrowers, approximately 95% of whom arewomen garnered the top prize in the International Award category atthe Business in the Community Awards for Excellence 2012 in London.Learn more. Watch video. Read blog post by Bob Annibale, GlobalDirector of Citi Microfinance, and Francesco Vanni d Archirafi, CEO ofCiti Transaction Services.

Strong Praise for Safe AccountsTimemagazine reports that unbanked people are being well-served bythe safe accounts that were piloted for the FDIC by Citi and otherfinancial institutions since January 2011. The accountsprovide accessto mainstream financial services andincrease peoples capability to

manage their money wisely.Read the Timearticle.Learn more about the FDIC Model Safe Accounts Pilot .

OPPORTUNITY

Nominations Open for 2012 Citi Micro Enterprise AwardsThe ninth annual Citi Micro Enterprise Awards will recognize rural andurban community microenterprises; innovation; and organizations thatnurture microenterprise. The Awards, which are sponsored by the CitiFoundation, will focus on enterprises that are collectively owned or

benefit larger community groups. Applications are welcome throughAugust 31.Learn more and apply. Read related MoneyLifearticle.

Wanted: Evidence for Financial CapabilityThe $3.4 million Citi IPA Financial Capability Research Fund, aninitiative of the Citi Foundation and Innovations for Poverty Action, willsupport research teams evaluations of the effects of products andservices on financial capability. The aim of the Fund is to increase

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peoples ability to make informed financial decisions apace with thetremendous global expansion of access to financial services.Apply for research funding. Visit the program website. Read the pressrelease.

MyMoneyAppUpThe first ever MyMoneyAppUp Challenge, sponsored by the CitiFoundation, is an opportunity for American entrepreneurs, softwaredevelopers, students and the public to propose ideas and designs fornext-generation mobile applications to help Americans control andshape their financial futures. Submit and vote on ideas atwww.MyMoneyAppUp.challenge.gov.

REPORTS & RESEARCH

Impact Investing Investings Most Important Evolution?The future of investing for profit andsocial impact impact

investing is the subject of a new Euromoney roundtable featuringleading investment sector experts including Bob Annibale, GlobalDirector of Citi Microfinance. Read the discussion.

Microfinance: A Risky Business; A Time for Strong LeadershipMicrofinance is no longer the low-risk business that many people oncesaw it asand while the risks are growing, the MFIs ability to handlethem is being put to the test. So says David Lascelles, senior fellowand joint founder of the Center for the Study of Financial Innovation, in anew paper on microfinance risk, published by the Center for FinancialInclusion and funded by Citi.Read the paper. Read related blog.

Microfinance Barometer 2012The Microfinance Barometer, published by Convergences 2015 andsponsored by Citi, synthesizes key trends in microfinance around theworld. The main trends of microfinance in developing countries areexplored in an article by Bob Annibale, Global Director of CitiMicrofinance, and Morten Leuon, CEO of Mix Market (see p.2). Read the report. Learn more.

Financial Inclusion: A Study on the Efficacy of Banking

Correspondent ModelA Citi Foundation-sponsored study by Sa-Dhan, The Association ofCDFIs, analyzes the efficacy of Indias Financial Inclusion Programmethrough which small microfinance institutions serve as businesscorrespondents for large financial institutions.Read the report.

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Microfinance for Small Businesses; Savings Opportunities forYouthTwo new papers by CGAP, an independent policy and research centerhoused at the World Bank, provide interesting analysis:Financing Small Enterprises: What Role for Microfinance Institutions?builds on a survey of more than 300 MFIs in 69 countries to examinethe role of MFIs in enabling small businesses to grow and create jobs.Emerging Perspectives on Youth Savingsexamines the usefulness of

providing savings opportunities for low-income youth in developingcountries.