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Citi partner with Habitat for Humanity to strengthen homes against disasters

Source(s): Asset Publishing and Research Ltd.
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Citi has made a USD1 million commitment from the Citi Foundation to partner with Habitat for Humanity to develop a scalable savings model for poor communities in the Philippines, Thailand, and Vietnam that are especially vulnerable to disasters such as floods and typhoons. The program aims to help 3,000 low-income homeowners save a total of USD2 million to strengthen their homes against disasters.

"There are an increasing number of 'natural' disasters in this region, and although Citi has a proud history of disaster response, we also understand the importance of disaster risk reduction," said Shirish Apte, CEO for Citi Asia Pacific.

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Hazards Cyclone Flood
Themes Insurance and risk transfer Urban risk and planning Economics of DRR
Country and region Philippines Thailand Viet Nam
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