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

Mr. Nyamsuren, an enterprising businessman from Ulaanbaatar, owns several lines of businesses in the production of building materials and freight forwarding. He used to work for a company that refurbished used shipping containers and transformed them into affordable shelters for the local market. Today, with his family, he runs a concrete manufacturing business that provides employment to more than 100 locals. For this business, he leases construction vehicles from Xac Leasing.

“Without many alternative options from financial institutions in Mongolia for the development of the construction sector, I am glad to still have the lifeline from Xac Leasing”

 

Mr. Nyamsuren