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 […]
In this video Marguerite Robinson Independent Consultant discusses the success story of Bank Rakyat Indonesia (BRI) wherein savings products were developed for low-income families of Jakarta. Sharing her experiences of Indonesia, Marguerite tells us the initial problems they faced in Indonesia. She talks about the findings of the research conducted among low income group in […]
In this video, James Mwangi, CEO of Equity Bank, Kenya, talks about the effect of global financial crisis on Equity Bank and Kenya. He explains that Equity has not been directly affected by the global financial meltdown but their shareholders have suffered. In relation to this, he explains the importance of savings. Further he adds […]
Financial Crisis Impact on MFIs and their Clients Part 2
In this video series-2, Elizabeth Littlefield, CEO, CGAP, takes the discussion further on Financial Crisis and its impact on MFIs. She explains why MFIs cannot fail and why in some markets MFIs need to distinguish itself from mainstream profit maximising consumer credit. She further explains the important role CGAP plays in dealing with the crisis.
Financial Crisis Impact on MFIs and their Clients Part 1
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 […]