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2020 was a historic year that demonstrated the resilience of the microfinance sector. Maxime Borgogno of Grameen Crédit Agricole Foundation shares why most MFIs they surveyed remain optimistic about the future.
When we use the word sustainability in financial inclusion terms, what does it mean? Does it stand for profit or a long-term perspective that looks beyond the next reporting deadline? Is it a code word for triple bottom line accounting – people, planet, profit? Or maybe sustaining financial services in the face of natural disaster or armed conflict? What about crisis avoidance – cooling overheating markets and preventing over-indebtedness?