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

Ms. Esperansa Sejas is a textile wholesaler and retailer in Cochabamba, central Bolivia. She started her business in the 1960s, initially selling fabrics at a local market. Banco PyME de la Comunidad S.A. (BCO) has supported her growth since 2005 with working capital financing. After 50 years of operations, she currently owns thirteen stores at two local markets in Cochabamba and employs more than a dozen people.

“Thanks to financial support from BCO, I am able to import and sell fabrics from diverse parts of the world”

 

Ms. Sejas