Microfinancing - Citigroup To Help The Poor

Won't their stockholders be surprised.

"People have a longer term view, and a responsibility for doing what they can deeper in the markets where they operate, and we are in a 100 countries or so," he said, adding that the challenge is to lower the costs of running microfinance institutions and charges to the poor.

"This is an investment that is beginning to serve a much wider population than we and banks in general have done before," he said. "Banks should enter this with complete humility."

...Robert Annibale, who heads banking heavyweight Citigroup's own special microfinance group...

In as much as Grameen Bank is concerned with fighting poverty and Citigroup is concerned with their responsibility to stockholders I wonder how that will affect their new customers.

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