The reverberating effects of COVID-19 continue to pose challenges for segments of the microfinance sector. Here are three areas where a coordinated response among microfinance stakeholders will be important going forward.
From funding digital innovation to boosting digital literacy, here are some ways that development finance institutions and international financial institutions can accelerate the digitization of microfinance in Africa.
Access to funding has been a top priority for microfinance providers during COVID-19 . Debt investors have played a key role in supporting providers through the crisis. Now, as providers focus on recovery and growth, equity capital is needed too.
When COVID-19 hit, it did not take long for questions to emerge about whether the pandemic posed an existential threat to the microfinance sector. CGAP’s research has demonstrated the need to carefully monitor solvency in the longer term as the