About: COVID-19 and the Future of Microfinance: Evidence and Insights from Pakistan

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An Entity of Type : schema:ScholarlyArticle, within Data Space : wasabi.inria.fr associated with source document(s)

Attributes	Values
type	Academic Article research paper schema:ScholarlyArticle
isDefinedBy	Covid-on-the-Web dataset
has title	COVID-19 and the Future of Microfinance: Evidence and Insights from Pakistan
Creator	Malik, Kashif Meki, Muhammad Morduch, Jonathan Ogden, Timothy Said, Farah Simon, ¶
topic	covid:5f1152bced0076cf2c9cbde7abbefbaa27ce9666#this
Source	PMC
abstract	The COVID-19 pandemic threatens lives and livelihoods, and, with that, has created immediate challenges for institutions that serve affected communities. We focus on implications for local microfinance institutions in Pakistan, a country with a mature microfinance sector, serving a large number of households. The institutions serve populations poorly-served by traditional commercial banks, helping customers invest in microenterprises, save, and maintain liquidity. We report results from ‘rapid response’ phone surveys of about 1,000 microenterprise owners, a survey of about 200 microfinance loan officers, and interviews with regulators and senior representatives of microfinance institutions. We ran these surveys starting about a week after the country went into lockdown to prevent the spread of the novel coronavirus. We find that, on average, week-on-week sales and household income both fell by about 90%. Households’ primary immediate concern in early April became how to secure food. As a result, 70% of the sample of current microfinance borrowers reported that they could not repay their loans; loan officers anticipated a repayment rate of just 34% in April 2020. We build from the results to argue that COVID-19 represents a crisis for microfinance in low-income communities. It is also a chance to consider the future of microfinance, and we suggest insights for policy reform.
has issue date	2020-05-04(xsd:dateTime)
bibo:doi	10.1093/oxrep/graa014
has license	no-cc
sha1sum (hex)	5f1152bced0076cf2c9cbde7abbefbaa27ce9666
schema:url	https://doi.org/10.1093/oxrep/graa014
resource representing a document's title	COVID-19 and the Future of Microfinance: Evidence and Insights from Pakistan
has PubMed Central identifier	PMC7197568
resource representing a document's body	covid:5f1152bced0076cf2c9cbde7abbefbaa27ce9666#body_text
is http://vocab.deri.ie/void#inDataset of	proxy:http/ns.inria.fr/covid19/5f1152bced0076cf2c9cbde7abbefbaa27ce9666
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