A message from Citi Global Community Relations
Today, Citi and our CEO Vikram Pandit were honored with the Assets and Opportunity Award at the Corporation for Enterprise Development’s national conference in Washington D.C. In his acceptance speech, Vikram talked about Citi’s commitment to financial inclusion as an integral part of our approach to responsible finance.
Leading with the example of the recent $200 million Communities At Work Fund Vikram recognized the important role that corporations can play in catalyzing economic opportunity. He focused on Citi’s efforts to provide underserved communities with access to basic financial products and services, capital for small businesses, charter schools and other community organizations and financial education to empower individuals and organizations to make informed financial decisions.
Vikram also spoke about leveraging Citi’s financing capital and expertise to create a sustainable and ultimately profitable social enterprise. A recent example is the Citi and Grameen America savings program that provides more than 2,500 micro-entrepreneurs with access, some for the first time, to easy-to-use accounts. We are proud to help these consumers invest in their families and futures, and to create an economic safety net through savings.
We also believe in the importance of having access to college education. Earlier this year, Citi had committed $7.5 million to a joint partnership with CFED, United Negro College Fund and the Knowledge is Power Program to help families overcome the financial barriers that keep so many of our talented youth from being able to go to college.
At Citi, we believe positive change is possible only through strong and strategic partnerships, and an approach that looks beyond philanthropy to include the full resources of our business. We look forward to building and strengthening our partnership with you to provide underserved communities with access to capital and innovative savings products.
To read the full speech click here.