Last week, CGAP’s virtual conference welcomed over 600 MFI managers, central bankers, investors and advisers from 34 countries. The 150 entries submitted provided a vivid and powerful report on how the financial crisis is impacting microfinance institutions and their poor clients. The dominos of the crisis – credit crunch, inflation, currency dislocations and global recession – are hitting microfinance in very different ways, depending on location, funding structure, financial state and the economic health of their clients. While many places seem unaffected today, there is little doubt that that there will be impact: integration of microfinance into the mainstream does have costs.

Source: CGAP