Symbiotics - The second snapshot in the Covid-19 CGAP-Symbiotics series is available
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The second snapshot in the Covid-19 CGAP-Symbiotics series is available

Tuesday 23rd, February 2021

This update confirms that MFIs remain resilient. A year into the COVID-19 pandemic, liquidity concerns in the microfinance sector have not materialized as anticipated. Where loan payments moratoria ended, repayments rates have been encouraging. Disbursements are also picking up again, closer to what they used to be in the past.

As more moratoria get lifted, impact on portfolio quality, provisioning, and ultimately solvency will still need to be carefully watched.

Snapshot: MFIs During the Crisis – February 2021

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Testimonials

Mrs. So used to work in a garment factory but later decided to actively get involved in the water purification business her husband has been engaged in for many years. Having heard about Sathapana from her brother, her first loan of USD 30,000 with the MFI served to build a premises in which Mrs. So and her husband will purify and bottle water. Her clients are grocery stores in Kandal Provinces, on the outskirts of Phnom Penh.

“My husband and I are glad to contribute to the development of nearby communities through the supply of drinking water”

 

Ms. So