Oriente will use the money to boost its growth in existing markets and further new developments in places like Vietnam. 

The partnership aims to address key issues facing the industry, including business continuity, lack of funding, and brand awareness.

BlueOrchard, Developing World Markets, Incofin, Microvest, Oikocredit, responsAbility, Triodos IM, Triple Jump and Symbiotics have signed a Memorandum of Understanding for coordination in response to COVID-19.

Small Industries Development Bank of India  has extended the repayment period of loans to non-banking finance companies and microfinance institutions to one year from the 90-day period earlier.

With many Cambodians out of work, COVID-19 is also throwing another problem into sharp relief: that of precariously high microfinance debt.

Globally, consumers accessed finance apps over a trillion times in 2019. The trend is likely to accelerate, making digital-only the new norm for financial services.

The temporary suspension of microfinance activities aligns with government efforts to prevent the spread of COVID-19 through mass gatherings and close contact.

Grameen America announced the launch of Grameen America Economic Relief and Recovery Fund, with the goal of raising $72 million to provide essential capital and support to the low-income women entrepreneurs.

The initiative aims to develop green financing, as well as improving access to financial products and services for the country’s micro, small and medium enterprises.

The government is providing direct cash assistance to 5 million Corona-affected families.