Citi Foundation

Enterprise Development

Jobs are the foundation of economic opportunity and are important drivers of financial inclusion. Employment provides consistent income and skills training for those seeking to move into the formal economy. While the perception is that large multi-national companies are the lead job creators, small, high-growth enterprises actually create more jobs than any other segment of the economy in developed countries.1 In these countries, small businesses accounted for 57 percent of total employment and more than 50 percent of gross domestic product. Successful job creation takes the alignment of multiple factors: appropriate financing, human capital development, alignment with environmental impact, and supportive government policies.

Our Strategy

In 2013, the Citi Foundation invested more than $11 million in support of Enterprise Development programs that drive innovation and thought-leadership while building knowledge for the good of the sector. As part of this investment strategy, we support organizations that play an important role in coordinating the activities of investors and intermediaries to maximize impact. We have increasingly invested in better understanding how finance can play an important role in fostering job creation in supply chains. We see supply chains as important drivers of economic growth and opportunity. At the local level, we recognize that investments in organizational capacity and direct service are also valuable. We have a particular interest in investing in organizations that promote "triple bottom line" returns in financial, social, and environmental impact including sustainable supply chain finance.


1 Aspen Network of Development Entrepreneurs, 2010 Impact Report.

Examples of Our Leadership

Global Development Incubator: The Initiative for Smallholder Finance
Global Development Incubator: The Initiative for Smallholder Finance
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Veteran Entrepreneurs: Access to Capital
Veteran Entrepreneurs: Access to Capital
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