Access to Finance

The extended lockdown across the world may spell disaster for many of Micro-Finance Institutions’ clients with many of them having nothing to return to after the lockdown. This subsequently threatens their ability to pay back loans to their lenders, setting off a chain of failure down the entire chain. Nathan Were, an Access to Finance Specialist at the World Bank Group delves into possible interventions by various stakeholders in the micro-finance chain, to ensure vital credit keeps flowing to the world’s low-income people who need it most