Kenan Institute Asia Kenan Institute Asia Leading provider of services for sustainable development in Asia.

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  • Company Name: Citibank / Citi Foundation
  • Project Start: 2008
  • Project End: 2015

CITI Financial Literacy for At-Risk Women

CITI Financial Literacy for At-Risk Women

For the past eight years, Kenan, Citi Thailand, and the Citi Foundation have partnered to improve the lives of women who are considered at-risk through financial literacy programs that teach personal finance skills, including saving and investment, household management, budgeting and proper credit management.

The Citi Financial Literacy for At-Risk Women project focuses on working with women and families living in slums, women involved in nightlife occupations, temporary workers, and women serving prison terms, seeking to empower them to break the cycle of predatory lending, debt, and abuse that often keeps them in poverty.

In 2015, the project focused on women who were incarcerated and living in slums. Since 2008, when the project started, 3,022 women have gone through the trainings. In 2015 alone, the Kenan experts and Citi volunteers trained 430 people, including 230 slum women and 200 incarcerated women. These trainings have been shown to be extremely beneficial to participants, increasing their savings by 17% and their budgeting resources by 35%, three months after they completed training.