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June 2020. A group of microfinance lenders and key players of the inclusive finance sector published in May a set of principles to better support the microfinance sector during the Covid-19. Since its publication, five new organizations have signed the Common pledge, for a total of 25 signatories.

In response to the health and economic crisis caused by the Covid-19, a group of lenders, platforms and key players of the inclusive financial sector committed to a common pledge: “Key principles to protect microfinance institutions and their clients in the Covid-19 crisis”. Initiated by the Grameen Crédit Agricole Foundation, this pledge was built in consensus between all original signatories. The objective is to protect both the microfinance institutions and their clients to ensure the continued access to funding in the best possible conditions and to look out for clients’ and staff well-being.

The pledge aims to guide stakeholders to better support microfinance institutions and vulnerable clients during this crisis. The main principles of the pledge are the pooling of available information, analyses and anticipations, as well as the concerted implementation of shared decisions. The signatories agree to coordinate policies, technical assistance and resources to help microfinance institutions in this unprecedented crisis.

The signatories welcome additional stakeholders to join this common initiative. The coordination of efforts to support microfinance institutions’ actions is essential to overcome this crisis.

PLEDGE SIGNATORIES

FIRST SIGNATORIES

PLEDGE SIGNATORIES

ADDITIONAL SIGNATORIES

ADDITIONAL SIGNATORIES
mabrar@DE

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