MetLife, Inc. (NYSE:MET) announced today that MetLife Foundation has launched a new global campaign to bring financial inclusion to low-income communities in Asia, Europe, Latin America, the Middle East and the U.S. The Foundation has committed $200 million over the next five years to support financial programs that will provide vital knowledge, tools and services to underserved individuals, families, businesses and communities.
To achieve its goal of bringing financial inclusion to low-income communities around the world, MetLife Foundation has awarded its first round of grants to, among others, ACCION International, Corporation for Enterprise Development, The Consultative Group to Assist the Poor, Local Initiatives Support Corporation, Pro Mujer and Women’s World Banking.“Those of us who work toward financial inclusion for the world's poorest households welcome the news that MetLife Foundation is committing $200 million over the next five years to supporting affordable, accessible and well-designed financial services for the poor,” said Dr. Daryl Collins, co-author of “Portfolios for the Poor” and director at Bankable Frontier Associates. “MetLife has over a century’s worth of experience in making households throughout the world more secure, and applying this legacy of experience toward the world's most vulnerable communities bodes well for the improved welfare of low-income households.” To advance its new vision, MetLife Foundation will focus on providing access to knowledge, access to services and access to insights. In addition, the Foundation will collaborate with partners who are doing innovative work in this field and learn from others worldwide who are also working to bring financial inclusion to those who need it most. Access to knowledge. The Foundation will make grants to partners with the ability to reach large numbers of underserved households around the world and work with them to develop financial strategies and resources that will enable them to realize their financial goals. Access to services. MetLife Foundation will also partner with experts in financial inclusion to deliver services including savings, microinsurance and credit to ensure that those in need are prepared, incentivized and empowered to improve the lives of their families and communities. Access to insights. MetLife Foundation will gather knowledge from its partners and the communities it serves and share insights with the financial inclusion community to advance common goals. About MetLife Foundation MetLife Foundation was created in 1976 to continue MetLife’s long tradition of corporate contributions and community involvement. Today, the Foundation is dedicated to advancing financial inclusion, committing $200 million over the next five years to help build a secure future for individuals and communities around the world. MetLife Foundation is affiliated to MetLife, Inc. a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. To learn more about MetLife Foundation, visit www.metlife.org. About MetLife MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.