Results tagged as "financial literacy"

  • An Innovative Approach to Enable Financial Capability

    By Pramit Jhaveri, Citi Country Officer, India October 30, 2014 11:59 AM

    Last month, India Prime Minister Shri Narendra Modi announced his vision to end 'financial untouchability' in the country by providing universal access to banking. The target is to open 75 million new savings accounts in six months, supported by a massive financial literacy drive. Barely 40 percent of Indians currently have access to formal banking, making this initiative a national imperative.

    And I am proud that Citi is supporting his vision. Citi India, with support from Citi Foundation, has been proactively supporting financial education and inclusion programs across the country. In 2004, Citi Foundation, SEWA Bank, Women's World Bank and Coady International Institute established the Citi Center for Financial Literacy, which has since provided financial education to an estimated 800,000 low-income women.

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  • Citi South Africa Volunteers Enrich Students' Lives Through Financial Literacy

    By Magashini Pillay, Citi Public Affairs Officer - South Africa September 24, 2014 04:52 PM

    Through the month of August, 12 Citi volunteers spent time in a classroom teaching young, eager pupils from Sandton View High School in Alexander (a township in Johannesburg) how to make wise financial decisions for their future.

    Supported by the Citi Foundation, Banking on Our Future (BOOF) is a project run by Operation HOPE SA. The programme is a six part award-winning financial literacy curriculum designed to help people, especially youth, to take control of their financial destinies. The modules are designed to encourage youth to develop behaviours that will help them to protect their financial resources and build wealth through budgeting and entrepreneurial activities. In addition to the financial literacy aspect of the project, the importance of dignity and respect for oneself is another concept that is stressed strongly throughout the curriculum. The hope is that the students learn more than just how to save. Ultimately, we want them to walk away well-rounded, responsible adults who can positively contribute to their community.

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  • Toward a Bright Future

    By Farah Rahman, Public Affairs Officer, Citi Bangladesh September 08, 2014 02:02 PM

    In Bangladesh, Citi and the Citi Foundation are equipping young people from underprivileged backgrounds with the skills and tools for careers and their own microenterprise businesses.

    Since 2012, Citi Bangladesh has partnered with NGO Underprivileged Children's Educational Programs (UCEP) on a number of programs that are changing the lives of the young people and their families.

    In the Dhaka region, 345 young people, ages 14 to 16, attended five general education and vocational schools to study financial and entrepreneurial skills, networking and creative problem-solving. Of those enrolled, 308 not only completed their pre-tech course but furthered their education by enrolling in advanced vocational courses at UCEP Technical School. Three hundred more students are now attending the schools.

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  • Citi Volunteers Teach Economic Empowerment to P.S. 96 in East Harlem, New York

    By Francesco Vanni d’Archirafi, CEO Citi Holdings and Board Chair of JA Worldwide July 29, 2014 12:28 PM

    Earlier this summer, a group of fellow colleagues and I teamed up with JA New York and JA New Jersey (Junior Achievement) to bring experiential learning in entrepreneurship, workplace readiness and financial literacy to more than 100 elementary school students at P.S. 96 in East Harlem, New York.

    Teams of Citi volunteers brought their real-world business expertise, passion and creativity to teach 3rd and 4th grade students about basic economics, creating businesses, as well as the types of resources and the impacts of business on communities. The interactive JA curriculum is designed to provide young people with educational experiences that highlight the connections between school and the real-world, nurture their talent and energy, as well as foster self-reliance.

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  • Citi Volunteers Teach Kids Finance Skills with INJAZ UAE

    By Sulaf Saleh Al-Zu'bi, CEO, INJAZ UAE June 06, 2014 04:04 PM

    On Global Community Day, Citi will work with nonprofit organizations to strengthen communities around the world through volunteerism. This year, Citi Volunteers worked with Citi Foundation partner INJAZ UAE (Junior Achievement Worldwide) to teach kids the value of personal finance.


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  • Empowering Women Through Financial Education: Loreto's Story

    By Loreto Garcia Muriel, Executive Director of Cultural Organization, Banamex April 17, 2014 10:14 AM

    For 10 years, I have had the privilege of leading the Banamex Financial Education program, called Saber Cuenta, which has allowed 7 million people of all ages and socioeconomic conditions to attend any of our 80 different programs and access any of the 200 training materials.

    One training program that has been particularly impactful is the workshop Saber Decidir Cuenta Para el Bienestar de mi Familia, which is dedicated to helping women from low-income communities care for their families in a financially responsible way. The beneficiaries of this program show courage and determination, despite having few skills, and have achieved the following amazing results:

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  • 7 Must-Read Articles to Put Your Kids on the Right Financial Path

    By Linda Descano, CFA®, Managing Director and Head, Content & Social, North America, Citi April 15, 2014 12:11 PM

    In support of National Teach Children to Save Day, Citi conducted a national survey of over 1,500 parents to explore the way parents are teaching their children about the value of money. You can read the press release announcing the results here.

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  • Citi Russia Wins Consumer Rights and Quality Service Award

    By Sergey Korotkov, Retail Bank Head, Citibank Russia July 31, 2012 09:00 AM

    Citi was recently named the winner of the Consumer Rights and Quality Service Prize in the Financial Literacy and Openness category by the Russian Chamber of Commerce and Industry in their 3rd Annual awards ceremony.

    It is a great honor and responsibility to win in this award. Our bank pays much attention to the issue of raising the quality of financial education of consumers of financial services. We consider our expenditures on financial literacy programs to be long-term investments in the development of human potential, which in turn will foster prosperity in Russia's region and facilitate the sustainable development of our business.

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