How Coronavirus affects Microfinance sector
By Grameen Credit Agricole Foundation, Paris, March 20th 2020
The global sanitary crisis also became an economic crisis. Economic activities are extremely limited in all countries and stock exchanges have lost almost a third of their value in less than a month. Quite logically, the worldwide microfinance sector is also not immune. The Grameen Credit Agricole Foundation's team launched a survey among its partners on March 11th in order to gather their first impressions and analysis, the impact on their clients' activity, on their institution and their potential needs.
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The Grameen Foundation has also written an article with testimonials from their partners around the world to find out what practices they have adapted to reduce the risk of the virus.
The microfinance sector is organising itself in the face of the effects of the health crisis (Grameen Crédit Agricole Foundation, March 29, 2020)