At a time like this, it difficult for Microfinance Institutions to survive because they serve small/petty businesses and people who are at the bottom of the income pyramid (poor and deprived). Already, these people and their businesses are the worst affected in this trying time of COVID-19. Therefore, it is fitting for government and International Development Institutions to provide MFIs with stimulus packages that will rescue those institutions from total collapse.
At a time like this, it difficult for Microfinance Institutions to survive because they serve small/petty businesses and people who are at the bottom of the income pyramid (poor and deprived). Already, these people and their businesses are the worst affected in this trying time of COVID-19. Therefore, it is fitting for government and International Development Institutions to provide MFIs with stimulus packages that will rescue those institutions from total collapse.