Key Principles To Protect Microfinance Institutions And Their Clients In The Covid-19 Crisis.pdf

2020-06_Principles-to-protect-MFIs-and-clients-in-COVID-19-crisis.pdf
Preview of Key principles to protect microfinance institutions and their clients in the Covid-19 crisis
🔗 Source: gca-foundation.org
📊 Size: 605 KB
👤 Author: BORGOGNO Maxime
⬇️ Downloads: 60

Summary

Key principles to protect microfinance institutions (MFIs) and their clients in the COVID-19 crisis include:
1. Lenders' commitment to maintain MFIs' access to funding,
2. Client centricity and protection,
3. Shared information and reporting format to facilitate monitoring and crisis management.
Signatories agree to coordinate actions, provide necessary funding, and ensure transparency in responding to MFIs' requests for moratoriums or debt restructuring.
They also commit to protecting clients from overindebtedness, ensuring responsible debt collection practices, and treating staff responsibly.
Regular information collection and field surveys will help understand client needs and inform decision-making.
A systematic, case-by-case approach will be used to address the crisis, with gentlepersons' agreements and formal agreements as needed.

Description

Key principles to protect microfinance institutions (MFIs) and their clients in the COVID-19 crisis include:
1.

Technical Information

  • File Format: PDF
  • File Size: 605 KB
  • Pages: 8
  • Language: EN
  • Author: BORGOGNO Maxime
  • Total Downloads: 60
  • Last Updated: 1 month ago

Document Overview

This PDF document about Key principles to protect microfinance institutions and their clients in the Covid-19 crisis provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Key principles to protect microfinance institutions and their clients in the Covid-19 crisis.

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