Articles by Anup Singh
Survival, Recovery and Resilience: 12 Recommendations to Help Financial Institutions Weather the COVID-19 Crisis
COVID-19 has had a devastating impact on the 300 million-plus enterprises operating in emerging economies around the world. It has also harmed their financial institutions, which are dealing with poor asset quality, liquidity pressure and reduced profitability as clients struggle to repay loans. Analysts at MicroSave Consulting (MSC) share 12 recommendations to help these institutions survive and recover in the wake of the pandemic.
IFC determined that 70 percent of women entrepreneurs are un(der)served and face a USD $300 billion annual credit deficit. Anup Singh and Christine Wanjiru Gachui of MicroSave make the case for banks extending credit to women, who end up being roughly twice as profitable for them as men.