Coordination between Microfinance Investment Vehicles in response to COVID-19
Some of the investment funds, also funding in Kosovo, signed a Memorandum of Understanding on debt refinancing to support the microfinance sector during the COVID-19 pandemic.
Nine inclusive finance fund managers (BlueOrchard, DWM, Incofin, Microvest, Oikocredit, responsAbility, Symbiotics, Triodos and Triple Jump - most of which are long-standing e-MFP members) issued a Memorandum of Understanding, entitled “Coordination among MIVs in response to Covid 19”, for debt refinancing to support the microfinance sector during pandemics.
This is a complex and much-needed collective initiative, and will act as the foundation of the sector’s response to the challenges of Covid facing financial institutions and their clients around the world.
The European Microfinance Platform (e-MFP) calls on the financial inclusion community to endorse and join this initiative and the concrete principles and processes it contains.
For more information, click on the link below: