ADA, Inpulse and the Grameen Crédit Agricole Foundation joined forces in 2020 to monitor and analyse the effects of the COVID-19 crisis on their partner microfinance institutions around the world. This monitoring was carried out periodically throughout 2020 to gain a better insight into how the crisis has developed internationally. This work has been extended into 2021, on a quarterly basis. The conclusions presented in this article and written by the Grameen Crédit Agricole Foundation follow the second quarter of 2021.