Adebimpe Esther Ogunleye , Microfinance, Nigeria
27 May 2020

This is a critical solution for business continuity of MFIs all over the world. This is particularly important because privately funded MFIs. The clients of MFIs are hard hit by the lock down measures of their governments and their business that has been funded by MFIs is almost going into extinction. MFIs themselves are totally excluded by most Central Banks of their country (at least in Nigeria)from any form of buffer that could help in refinancing their clients at very low interest rate. I really hope that MFIs that are partners to members of this Coalition benefit from this bail out plan. Failure to achieve this will keep increasing the poverty and more micro clients will fall below the poverty line and milestones already achieved in Financial Inclusion will regress.