Jorge Rubio Nava, Global Head of Citi Social Finance. Photo courtesy of the bank
How would you describe Citi's role in social finance globally?
Citi established its social finance business in 2005, initially focusing on microfinance before expanding into financing that improves access to essential services for underserved communities.
Since then, the business has mobilized more than US$19.7 billion, reaching 22.7 million low-income and underserved households, including 12.3 million women, across more than 50 emerging markets.
The bank introduced its Global Social Finance Framework in 2021 and, in November 2024, issued a $3 billion Social Finance Bond.
