Financial Inclusion Projects:
BURO and MicroSave:
Project Name: Mobile Banking & Agent Network
Brief Description: Through the grant MetLife Foundation is supporting the design and test of the technology enabled business model for their existing and new clients with a goal to improve operational efficiency, lesser risks and offer a wider range of convenient and affordable financial services. By developing and testing sustainable digital banking models, BURO will be able to serve their 1.4 million customers seeking flexible, convenient financial services.
Project Name: Graduation of Extreme Poor Engaging in Business and Finance (GEP-EBF).
Grant Description: With this grant, Concern WorldWide will bring around 1000 households out of extreme poverty through its graduation pathway model over three years. This is a comprehensive support and handholding program with a focus on women and households living in extreme poverty.
BFA (Bankable Frontier Associates) and SAJIDA Foundation:
Project Name: Building Portfolios for the Poor
Grant Description: Through this grant, BFA is partnering with Sajida Foundation, an NGO-MFI in Bangladesh to equip them with analytic tools and technical know-how to better serve their clients through targeted products and delivery channels. By "cross-selling" multiple financial products, microfinance organizations can improve and ensure client retention, secure their niche against larger competitors, and better serve their clients.
Project Name: Financial Inclusion for Readymade Garment Workers in Bangladesh.
Grant Description: MetLife Foundation is supporting swisscontact to improve financial knowledge of 7500 readymade garment factory workers (mostly women) through counseling/social campaign drive and activate bank-based transactions for 1100 workers during the 15 month pilot phase. The increased knowledge and adoption of improved financial planning and access to banking support will enable customers maintain their own credit history that can be critical for availing competitive credit offers (products) and, in the long term, to plan for financial security in times of hardship or crisis.
Project Name: Dream Save Do
Grant Description: Through this grant, Sesame and MetLife Foundation have developed the innovative, multi-media initiative “Dream, Save, Do: Financial Empowerment for Families” to help children and parents have aspirations, set goals, make plans, save money, and understand how everyday choices can help achieve dreams.
Non-Financial Inclusion Initiatives:
Habitat for Humanity:
Project Name: Kancha Haat a Paka Bari
Beyond financial inclusion aspiration MetLife Foundation is also supporting the cause of Habitat for Humanity by engaging its associates in building homes for the poor and marginalized people in Bangladesh. This is flagship program that takes place every year to boost the employee moral by engaging them in volunteering actions. From MetLife Foundation’s financial inclusion perspective, helping lower income families stabilize housing costs and encouraging homeownership as asset building are effective tactics for increasing financial health.
MetLife Foundation Pathways Scholarship:
Under this scholarship scheme in 2015 there were in total 30 successful applicants. They are the children of Financial Associates and Employees of MetLife in Bangladesh. Out of 30 successful applications 27 are the children of MetLife’s field force and 03 are the children of MetLife employees.
In 2016 there were in total 21 successful applicants. They are the children of Financial Associates and Employees of MetLife in Bangladesh. Out of 21 successful applications 20 are the children of MetLife’s field force and 01 is the child of MetLife employee.
Asia University for Women:
Asian University for Women (AUW) is an independent, international university in Chittagong, Bangladesh that working to educate a new generation of leaders in Asia. MetLife Foundation has approved a grant to Asia University for Women Support Foundation over next 2-3 years targeting 470 enrolled students annually.