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Protecting Microfinance Institutions and Clients in COVID-19 Crisis
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.
- Categories
- Coronavirus, Finance
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Bandhan Bank Shares Have Gained 54% Since Lockdown Started — But the Numbers Will Reveal the Real Damage to Rural India From COVID-19
As one of India's largest microfinance institutions, its balance sheet will reflect the true state of affairs in rural areas.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Press Release: Grameen America Launches Economic Relief and Recovery Fund for Low-Income, Women Small Business Owners in the Wake of COVID-19
Nonprofit microfinance organization Grameen America today announced that it has launched the Grameen America Economic Relief and Recovery Fund, with the goal of raising $72 million to provide essential capital and support to the low-income women entrepreneurs the organization serves.
- Categories
- Coronavirus
- Region
- North America
- Tags
- microfinance, nonprofits
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Banking on Human Capital: What Financial Institutions Need to Do – Now – to Enable a COVID-19 Recovery
Every crisis carries its own unique signature, and COVID-19 is likely to be defined by a series of flare-ups and lockdowns, says Elisabeth Rhyne at the Financial Access Initiative. Within that scenario, the financial inclusion sector needs to determine the most effective ways to reduce the pandemic's impact on vulnerable people and businesses – and it needs to start immediately.
- Categories
- Coronavirus, Finance
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Cambodian Workers Owe $10 Billion in Microfinance Debt as COVID-19 Wipes Out Incomes
As COVID-19 wrecks Cambodia’s economy, workers and families face added risks from record-high levels of microfinance debt. Without income, many will be unable to repay their microloans and may lose their land or be forced further into debt.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
- Tags
- microfinance
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Press Release: FINCA Impact Finance Secures $15 million Revolving Loan Facility from Calvert Impact Capital
Additional liquidity will bolster the financial network’s ability to deliver financial services to low-income entrepreneurs.
- Categories
- Finance
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World Bank Group Plans $12M Loan to Mongolia Microfinance Company
With the deal, Transcapital will be able to provide more access to finance for small enterprises and underserved individuals, especially women and people living outside the capital of Ulaanbaatar, IFC said.
- Categories
- Finance
- Region
- Asia Pacific
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Viewpoint: Microfinance Industry Most Vulnerable to Lockdown and Moratorium in India
As first order impact, collection cycle may be hit, while lack of moratorium-relief from banks may squeeze out liquidity
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- microfinance