COVID19 RestartME Advisory 2: Government Assistance Programs for Micro-finance Institutions
The next advisory covers a list of government loan assistance and financing options specific to micro-finance institutions (MFIs). There are 7 programs discussed in details, and it outlines the following important information:
Eligible projects and borrowers
Pre-qualification criteria
Credit facility
Loanable amount and tenor
Interest rates and pass on rates
Other relevant information
This briefer aims to assist MFIs to engage and maximize government assistance that will be beneficial to both the institution and its members.