Microfinance and the Poor in Times of Crisis
Microfinance institutions reach over 140 million low-income people worldwide and play a crucial role in sustaining livelihoods. With extreme poverty forecast to rise by at least 88 million this year, its first increase in decades, the role of MFIs becomes ever more critical. Leaders in the the MFI sector presented on how they are working to support poor people severely hit by the twin crises of a global health pandemic and economic downturn. Learn about what strategies MFIs are deploying to help their customers in face of business shutdowns and lost income; and how they are managing debt moratoria and loan adjustments to alleviate pressure on clients’ finances.
Shameran Abed | Senior Director, BRAC's Microfinance and Ultra-Poor Graduation Programs
BRAC is a global anti-poverty organizations reaching more than 100 million of the poorest people in South Asia and Africa. It provides microfinance, health, education, employment opportunities and social justice services to help empower people in poverty.
Steve Hollingworth | President and CEO, Grameen Foundation
Grameen Foundation tackles multiple dimensions of poverty, building on the pioneering work in microcredit of Nobel prize winner Muhammad Yunis. It seeks to strengthen poor people’s resilience by using technology to address food security, increase incomes, enhance health and build financial security.
Michael Schlein | President and CEO, Accion
Accion offers advisory services, partners and invests in companies accelerating financial inclusion around the globe. It reaches tens of millions of families and entrepreneurs through more than 160 partners, including microfinance institutions, in 55 countries.
Andrée Simon | President and CEO, FINCA Impact Finance (FIF)
FIF is a global network of microfinance banks and institutions that offer responsible and affordable loan and savings products to more than two million people across the world.
Momina Aijazuddin | Global Head of Microfinance, International Finance Corp
Moderated by Greta Bull | CEO, CGAP