DSK Rao and I have been tracking the response of microfinance providers and the promoters of self-help groups and savings groups through a survey.
I've been posting the results and interviews with leaders in the financial inclusion community on my website: www.souloffinance.com.
Many of those who have responded are talking about a liquidity crunch. Clients have stopped paying back loans and are withdrawing savings. Clients need more support during this time. CGAP and the World Bank can play an important role in organizing financing facilities to help financial service providers weather this storm.
DSK Rao and I have been tracking the response of microfinance providers and the promoters of self-help groups and savings groups through a survey.
I've been posting the results and interviews with leaders in the financial inclusion community on my website: www.souloffinance.com.
Many of those who have responded are talking about a liquidity crunch. Clients have stopped paying back loans and are withdrawing savings. Clients need more support during this time. CGAP and the World Bank can play an important role in organizing financing facilities to help financial service providers weather this storm.