Photo by Jayson Berto, 2016 CGAP Photo Contest Photo by Jayson Berto, 2016 CGAP Photo Contest

Coronavirus (COVID-19) & Inclusive Finance: Lessons from Past Crises

While the public health and economic dimensions of the COVID-19 pandemic are becoming unlike anything we have confronted, earlier crises offer valuable lessons on how health and economic shocks can disrupt the delivery of financial services for the poor and how governments, funders, and financial institutions can respond to these challenges. In an effort to make such lessons more widely accessible, CGAP is compiling a list resources from its own research and from other organizations to help inform the response. This is a living resource that will be regularly updated.

To share additional resources with us, please submit them to FinDev Gateway here >>

Role of Microfinance Institutions in Times of Crisis
CGAP BLOG 25 MARCH 2020

COVID-19: How Does Microfinance Weather the Coming Storm?

If the microfinance sector is going to survive the pandemic, we need to treat COVID-19 as the fundamental threat to the industry that it likely is. The millions who rely on inclusive finance to borrow, save and spend money are counting on us.

GLOBAL DELIVERY INITIATIVE PUBLICATION  JULY 2017

Financial Inclusion and Resilience: How BRAC’s Microfinance Program Recovered from the West Africa Ebola Crisis

This case study traces the effect of the Ebola crisis on BRAC’s MFIs, revealing lessons on institutional resilience. It also examines the resilience of the MFIs’ clients and their coping mechanisms during and after the crisis.  

EUROPEAN MICROFINANCE PLATFORM  2016

Microfinance in Post-Disaster, Post-Conflict Areas and Fragile States

The 6th European Microfinance Award focused on microfinance in post-disaster, post-conflict areas & fragile states. This publication highlights what emerged from the Award process, the effective practices that the candidate institutions have developed, and what other organisations can learn from their responses to crises.

CGAP BLOG SERIES  2015-2016

The Arab World and Financial Inclusion During Crises

This blog series looks at how donors and investors in the Arab World have approached crisis situations, including how they have worked with microfinance institutions to help restore livelihoods.

CORDAID PUBLICATION  MARCH 2015

Sierra Leone: The Impact of the Ebola Crisis on the Microfinance Sector and Stories of Microentrepreneurs’ Resilience

This study assesses the impact of the Ebola crisis on microfinance providers and clients in Sierra Leone and provides recommendations for providers, donors, and regulators on crisis preparedness.

CGAP PUBLICATION AUGUST 2013

Lessons Learned from the Moroccan Crisis

This paper outlines lessons from the rise, fall, and recovery of Morocco’s microfinance sector that may be useful when adapted in other countries. Though the government failed to prevent the crisis, its efforts proved catalytic in the recovery.

PAPER AUGUST 2010

Financial Crisis: Lessons from Microfinance

Microfinance institutions require increased financing during a financial crisis, this paper argues while looking at cases in Russia, Ecuador, Bolivia and Argentina.

CGAP PUBLICATION MAY 2009

The Impact of the Financial Crisis on MFIs and Their Clients  

In March 2009, CGAP and MIX surveyed over 400 microfinance institutions about the impact of the 2008 financial crisis. While respondents felt liquidity and credit risk management challenges, interest rates held steady and they remained optimistic.

MICRORATE PUBLICATION MARCH 2009

Cautious Resilience: The Impact of the Global Financial Crisis on Latin American and Caribbean Microfinance Institutions

The 2008 financial crisis quickly affected financial markets in Latin America and the Caribbean. MFIs responded by applying stricter lending criteria and reducing loan amounts to higher-risk clients.

CGAP PUBLICATION  FEBRUARY 2009

The Global Financial Crisis and Its Impact on Microfinance

During the 2008 financial crisis, MFIs clients experienced lower incomes and remittance flows. Yet deposit-taking MFIs were better positioned to keep serving clients than those reliant on international funders amid global liquidity contraction.

Lessons Learned from Humanitarian Crises
CGAP BLOG  10 FEBRUARY 2020

Vulnerable Groups in Lebanon Cite Health as Top Financial Challenge

Even before COVID-19, health shocks were among the most damaging challenges for low-income households in Lebanon. This blog discusses informal coping mechanisms and calls for urgent government and funder support for savings and insurance solutions.

CENTER FOR FINANCIAL INCLUSION BLOG 15 AUGUST 2018

Learning from Ebola: How Mobile Money Can Prevent Health Crises

Liberia was hit hard by the Ebola outbreak from 2014 to 2016. This blog post explores how mobile money salary payments to health workers were crucial to the response to the outbreak.

CGAP, SPF, WORLD BANK GROUP PUBLICATION  APRIL 2017

The Role of Financial Services in Humanitarian Crises

This publication offers a framework for how financial services support sustainable livelihoods during periods of humanitarian crisis, finding that solutions for digital cash transfers and remittances, savings and insurance are especially important.

CGAP BLOG SERIES  2017

Financial Services in Humanitarian Crises 

Building on the CGAP, SPF and World Bank Group’s “The Role of Financial Services in Humanitarian Crises” paper, this blog series examines the role financial services play in helping low-income households overcome adversity in times of crisis.

WORLD BANK PUBLICATION APRIL 2015

The Socio-Economic Impacts of Ebola in Sierra Leone

In April 2015, Sierra Leone had reported more than 12,000 cases of Ebola and over 3,800 deaths. This paper examined the socioeconomic impacts based on phone survey data. Among other things, it found a four-fold increase in non-farm enterprise failures, mostly because of lack of capital and demand.

FAO PUBLICATION DECEMBER  2014

The Impact of Ebola Virus Disease on Village Savings and Loans Associations Montserrado, Margibi, Bong and Lofa Counties

The Ebola crisis had catastrophic effects on the livelihoods of village savings and loan association (VSLA) members across Liberia. The report discusses the impact and makes recommendations on support for VSLAs.


To share additional resources with us, please submit them to FinDev Gateway here >>