Financial Crisis Impact on MFIs and their Clients Part 1

• by Elizabeth L. Littlefield
• Oct 13, 2009
• 1 min

In this video series-1, Elisabeth Littlefield, CEO, CGAP, talks about financial crisis within microfinance industry and its impact on MFIs and their clients. Elisabeth highlights that the food crisis coupled with oil crisis has resulted in the fall in financial condition of microfinance borrowers. She notes that due to the crisis remittances were going down […]

In this video series-1, Elisabeth Littlefield, CEO, CGAP, talks about financial crisis within microfinance industry and its impact on MFIs and their clients. Elisabeth highlights that the food crisis coupled with oil crisis has resulted in the fall in financial condition of microfinance borrowers. She notes that due to the crisis remittances were going down in most countries and in some cases they were going up because of a variety of reasons.