COVID-19: FNFI Backs Nine Microfinance Institutions

Source: Togo First

The National Fund for Inclusive Finance (FNFI) is putting in place mechanisms to support its partnering microfinance institutions amidst the COVID-19 crisis. 

Among others, the Fund will exceptionally add bonuses on the financing it provides to the institutions, in addition to partly covering interests on loans they have taken, cutting down these interest rates by one percentage point, and increasing by one percentage point the cost to manage the various FNFI products. 

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