In this video series-2, Pancho Otero – the founding CEO of the Prodem Foundation, one of the global industry pioneers, explains how financial crisis will help microfinance institutions and their client. He shares his perspective on the importance of the enabling good legal environment and regulations to help produce mature microfinance institutions. Pancho sees the lack of effective regulatory system a major challenge to set up a successful microfinance industry because authorities are unlikely to support a programme unless it is thriving. In such a situation, a well connected institution with enough liquidity and strong management team is conducive for successful MFI.

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