Who’s Who in Financial Inclusion?

Government, policymakers and foundations

  • Alliance for Financial Inclusion (AFI) – A global network of financial policymakers who work together to increase access to financial services. Known for its 2011 Maya Declaration, which encourages formal commitments to ambitious FI programs, AFI underwrites innovative policy approaches. It is based in Kuala Lumpur, Malaysia.
  • Center for Financial Inclusion at Accion (CFI) – A Washington-based think tank dedicated to full FI around the world, CFI pursues such programs as Financial Inclusion 2020, a research and advocacy effort, and Smart Campaign, about client protection and microfinance.
  • Consultative Group to Assist the Poor (CGAP) — CGAP is a global partnership of 34 organizations that seek to advance FI. Based in Washington and housed at the World Bank, CGAP combines advocacy with a pragmatic approach to market development.
  • MetLife Foundation — In 2013, the Foundation, based in New York, committed $200 million over the next five years to help low-income individuals and families gain access to safe and affordable financial products and services.

Private-sector initiatives

  • Bamboo Finance – A private equity firm specializing in business models that benefit low-income communities in emerging markets. Their Financial Inclusion Fund invests in microfinance institutions and funds worldwide.
  • Capital Sisters International – This nonprofit provides $100 business loans to impoverished women in emerging economies. It raises funds from investors who purchase $1,000 zero-interest bonds and are repaid when the women repay their loans.
  • Citi Inclusive Finance – A specialist team that works with microfinance institutions, banks, corporations, governments, development agencies, nonprofits, investors and service providers to expand access to financial services in underserved market segments, via digital and mobile financial products, payment technologies and other FI services.
  • Corporation for Enterprise Development (CFED) — A national nonprofit based in Washington, CFED promotes programs and invests in social enterprises that create pathways to financial security for low- and moderate-income households in the United States.
  • Developing World Markets – Based in Stamford, CT, DWM primarily invests in FI organizations, including microfinance institutions, small- and medium-enterprise lenders, affordable housing and education lenders and mobile banking service providers.
  • Kiva – Based in San Francisco, nonprofit Kiva leverages individual donations of as little as $25 to help create economic opportunity around the world. A new project, Kiva Zip, connects lenders directly with borrowers in the United States and Kenya.
  • LeapFrog Investments — LeapFrog’s “profit with purpose” mission supports growth, profitability and impact in 21 emerging markets.
  • MicroVest – An asset management firm, based in Bethesda, MD, that provides private capital to financial institutions in unbanked and underserved markets, who then extend local microloans.
  • Mission Asset Fund – MAF, in San Francisco, CA, is working to create a “fair financial marketplace” for low-income people via zero-interest loans in lending circles to bring the unbanked in the United States into the savings and credit system, and limit dependence on payday lenders and other fringe services.
  • Opportunity International – Based in Chicago, IL, Opportunity International offers loans, savings programs, insurance and other financial services and training to help launch and expand businesses in 28 countries in Asia, Africa, Europe and Latin America.
  • Pro Mujer – Pro Mujer provides more than 286,000 women in Latin America with financial services, business and empowerment training and health care support. Founded in Bolivia in 1990, Pro Mujer also operates in Argentina, Mexico, Nicaragua and Peru and is headquartered in New York.
  • Women’s World Banking – This New York-based nonprofit works with financial institutions to give low-income women access to financial tools and resources.