NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

At the initiative of Grameen Crédit Agricole Foundation, Cordaid Investment Management and a group of other microfinance lenders and key players in inclusive finance worked on a set of principles to better support the microfinance sector in the health and economic crisis caused by the Covid-19.

Worldwide, microfinance institutions provide financial and non-financial products and services to over 140 million low-income clients. Microfinance is key to finance income-generating activities, not only in the formal but also in the informal sector.

Photo courtesy of Ken Teegardin.