May 14

Protecting Microfinance Institutions and Clients in COVID-19 Crisis

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.

Source: ReliefWeb (link opens in a new window)

Coronavirus, Finance
global development, microfinance