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How Coronavirus Affects the Microfinance Sector

The Grameen Credit Agricole Foundation's partners express their concerns about the expected effects of this global health crisis.

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Remittances in Times of Crisis: Facing the Challenges of COVID-19

Announcing the Remittance Community Task Force to regularly provide information concerning the challenges facing remittance families in the social and economic fallout during the coming months through its Briefs.

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FINCA Pakistan Response to COVID-19 Pandemic

FINCA Pakistan is one of the first financial institutions to implement a Work From Home (WFH) plan to ensure the safety of its employees and their well-being while re-assessing the Business Continuity Plan (BCP) to ensure its patrons have access to financial services during the pandemic.

News

Mexican Startup Credijusto Raises $100 Million, Seeks to Boost Loans Amid Coronavirus

Mexican fintech startup Credijusto has raised $100 million in debt from Credit Suisse Group, a move that will help it extend more loans to small and mid-sized businesses as banks gauge how to respond to the impact of coronavirus.

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Citi Foundation to Provide $15 Million to Support COVID-19 Related Relief Efforts Globally

Funds donated by the Citi Foundation will provide protective equipment for frontline health workers, equip diagnostic laboratories, improve surveillance and data collection, establish and maintain intensive care units and take other critical steps to scale up the urgent public health response to the pandemic around the world.

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IFC Increases COVID-19 Support to $8 Billion to Sustain Private Sector Companies and Livelihoods in Developing Countries

The bulk of the IFC financing will go to client financial institutions to enable them to continue to offer trade financing, working-capital support and medium-term financing to private companies struggling with disruptions in supply chains.

News

Kenya Turns to Safaricom's M-Pesa Mobile-Money to Stem the Spread of COVID-19

Safaricom announced that all person-to-person (P2P) transactions under KSH 1,000 (≈ $10) would be free starting Tuesday for the next 90 days.