In this video series-3, Alex Silva, a microfinance pioneer, summarises the details of the study of MFI failures, gives important recommendations for MFI sponsors, managers, and funders, such as: recognise microfinance as financial intermediation, focus on risk management systems, and create good corporate governance. Detailing on the specific conclusions of the study, Alex recommends donors or funders should not over supply the funds for rapid growth of MFIs. Similarly, he focuses on microfinance institutions must be very careful on dealing with risk including operational risk, systematic risk etc. Further, he emphasises good regulatory and governance body for microfinance.

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