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.

Microfinance industry association Sa-dhan has reached out to Prime Minister Narendra Modi seeking an extension of the loan moratorium benefits to the industry.

To help banks help their customers through these trying times, many fintech providers are extending free, discounted, or accelerated deployment offers to financial institutions.

Aligned with its social purpose and in light of COVID-19’s progress in Latin America, BBVA Microfinance Foundation’s six institutions in five countries in the region have adopted urgent and necessary measures to help its 2.2 million clients cope with this situation.