Financial Capability is one of J.P. Morgan's key philanthropic focus areas. Central to the company’s business mandate, J.P. Morgan is passionate about helping individuals acquire the knowledge, skills, and tools necessary to promote financial security, consequently creating greater financial stability, improved economic opportunity, and stronger, more resilient communities.
In collaboration with Plan International USA, J.P. Morgan is funding a program in the Philippines. The program seeks to build financial capacity and improve access to financial services among households that were affected by Typhoon Haiyan. The program is being implemented using a community-driven development approach, which includes the formation of Community Savings Groups (CSGs). An estimated 1,500 individuals, 75 percent of whom will be women, are being targeted to benefit from this intervention.