Both Sa-dhan, India's largest microfinance industry body with 212 members, and Microfinance Institutions Network (MFIN), the industry grouping for NBFC-MFIs, have separately urged the prime minister to take action.

As first order impact, collection cycle may be hit, while lack of moratorium-relief from banks may squeeze out liquidity

MFIs, like other financial institutions, are in a fix over whether they can avail of the moratorium benefit on term-loan repayments given to all borrowers

Using stablecoins to facilitate financial stability and inclusion in unprecedented times.

In March 2020, the Central Bank of Nigeria released Guidelines for the Implementation of the NGN 50 Billion Targeted Credit Facility aimed at providing succor to households and MSMEs that have been adversely affected by COVID-19.

While some governments have begun to integrate cooperatives, their members, workers and the wider SSE in their emergency response strategies, there is still room for growth.

Landbank’s lending program dubbed I-RESCUE provides credit and loan restructuring, the state-run lender said in a statement on Wednesday.

Decentralized peer-to-peer crypto trading platform CryptoLocally and blockchain-powered on-demand digital finance and payment platform, Sesacash, will be working together to address the many challenges confronting African nations in the financial sector.

UBX, the fintech company of Union Bank of the Philippines (UnionBank), recently started deploying a rapid and remote mobile-enabled ATM solution in response to COVID-19, as part of its i2i platform. 

AFI member institutions are taking immediate action to ease the financial burdens faced by individuals and small businesses as economic activity decelerates amid the global coronavirus outbreak.