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Grameen America Launches Economic Relief and Recovery Fund for Low-Income, Women Small Business Owners in the Wake of COVID-19

Grameen America announced the launch of Grameen America Economic Relief and Recovery Fund, with the goal of raising $72 million to provide essential capital and support to the low-income women entrepreneurs.

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Myanmar Govt Extends Temporary Suspension of Microfinance Operations to May 15

The temporary suspension of microfinance activities aligns with government efforts to prevent the spread of COVID-19 through mass gatherings and close contact.

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Mobile Marketing Experts Show How Fintech Apps Will Emerge Fighting Fit From The COVID-19 Crisis

Globally, consumers accessed finance apps over a trillion times in 2019. The trend is likely to accelerate, making digital-only the new norm for financial services.

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Cambodian Workers Owe $10 Billion in Microfinance Debt as COVID-19 Wipes out Incomes

With many Cambodians out of work, COVID-19 is also throwing another problem into sharp relief: that of precariously high microfinance debt.

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Leading Microfinance and Impact Fund Managers Sign an MOUon Debt Refinancing Coordination Principles to Support the Sector During the COVID-19 Pandemic

BlueOrchard, Developing World Markets, Incofin, Microvest, Oikocredit, responsAbility, Triodos IM, Triple Jump and Symbiotics have signed a Memorandum of Understanding for coordination in response to COVID-19.

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SIDBI Extends Loan Repayment Term to 1-Year for NBFCs, MFIs

Small Industries Development Bank of India  has extended the repayment period of loans to non-banking finance companies and microfinance institutions to one year from the 90-day period earlier.

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India: COVID-19-Hit Microlenders Knock on SEBI’s Door Seeking Extension of Rating Period

Microfinance institutions have sent a distress call to markets regulator seeking to instruct credit rating agencies to delay the ratings on microlenders whose operations have been disrupted by the impact of COVID-19.

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Loan Moratorium: Lenders Struggling to Trace Low-Ticket Retail Borrowers

Financiers across the spectrum are struggling to trace low-ticket borrowers, about a fifth of their customers, through virtual means.

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Hong Kong Alt-Lender Oriente Raises $50m as It Looks to Step up Efforts in a Highly Competitive Sector

Oriente will use the money to boost its growth in existing markets and further new developments in places like Vietnam.