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Protecting Clients in a Crisis: Five Lessons BRAC Learned While Re-Engineering its Microlending Strategy During COVID-19
COVID-19 has had a harsh impact on small businesses and the people who depend on them – and this impact has also affected their lending institutions. As Sahed Shams Azad at BRAC Microfinance explains, pandemic-related business closures have prevented many borrowers from making repayments, disrupting their lives – and BRAC Microfinance's nearly billion-dollar monthly lending cycle. He explores the dramatic adjustments the organization has made to its operations in response to this crisis, and how it has protected its clients' best interests throughout the process.
- Categories
- Coronavirus, Finance
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IMF Approves $45 Billion Fund to Support Economic Resilience in Poor and Middle-Income Countries
The Resilience and Sustainability Trust will 'amplify the impact' of the $650 billion special drawing rights allocation implemented last August.
- Categories
- Finance
- Region
- Global
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Africa in the Crosshairs of Ukraine War – UN Chief
Africa has severe exposure to the economic effects of the Ukraine war, says UN secretary-general António Guterres as he calls for urgent action from the West.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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72 Microfinance Institutions Join Inaugural Microfinance Index
Impact performance measurement of microfinance institutions in 41 countries will launch in Q2 2022 with support from sector leaders.
- Categories
- Finance, Impact Assessment
- Region
- Global
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South Africa HR Startup SmartWage Raises $2 Million Seed Round
South Africa’s SmartWage, an HR and communications technology startup, has raised US$2 million in an oversubscribed seed funding round.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Analysis: Covid-19 Crushes Career Dreams of Young Latin Americans
Millions of students in Colombia and across Latin America, have been forced to leave higher education due to the economic fallout of Covid-19, experts say.
- Categories
- Coronavirus, Education
- Region
- Latin America
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Sri Lankan Business Owners Left Reeling From Shortages, Power Cuts Amid Spiralling Economic Crisis
As Sri Lanka is enveloped by its worst economic crisis in living memory, restaurants and other businesses across the island nation are being pushed to the brink by acute shortages of fuel and other essentials.
- Categories
- Entrepreneurship
- Region
- South Asia
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Analysis: ‘Russia Is Half of Our Business.’ Or It Was.
European companies that relied on Russian customers are suffering collateral damage from the invasion of Ukraine and Western sanctions.
- Categories
- Entrepreneurship
- Region
- Europe & Eurasia
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