MetLife Foundation Annual Report 2016 | Our Approach

May 23, 2017 9:15 AM ET
Like many small businesses, Londonbased Poached Creative does not have limitless reserves to meet payroll and other expenses if projects get delayed or clients pay late. CEO Jessica Smith says that MetLife Foundation grantee Fair Finance’s “human approach to lending” fills an important financial need. Read more in the MetLife Foundation 2016 Annual Report

As published in the MetLife Foundation 2016 Annual Report

MetLife Foundation designed its financial inclusion strategy after extensive consultation with global leaders in the industry. We wanted to ensure that our work built on, rather than duplicated, efforts already underway. And we wanted to take full advantage of our strengths: the Foundation’s global reach, MetLife’s years of expertise and stability as one of the largest insurance companies in the world, and the support of thousands of MetLife associates eager to volunteer with the Foundation.

That work ultimately aims at ensuring that low-income people all over the world have financial services that are safe, affordable, convenient, and effectively designed to help them achieve their goals. Many of our larger grants have been underway for two or three years. They have generated valuable lessons which we have shared with the financial inclusion industry and which have shaped how we design new grants. This year, we are highlighting the work of some of

our partners who are building customers’ financial capability, exploring innovative approaches, and using insights from behavioral economics to understand and improve real-world financial behaviors. 

Experience the complete MetLife Foundation 2016 Annual Report