Original Source: FinDev Gateway
Pakistan’s microfinance sector faces a crisis unlike anything it has experienced before. The COVID-19 pandemic threatens 7.3 million low-income Pakistani households that rely on microfinance institutions for access to capital and other financial services. Economists Muhammad Meki, Farah Said, and coauthors in Pakistan, surveyed 1,000 microfinance clients in Punjab, Sindh, and Kashmir regions one week after the country’s lockdown began.
This webinar will present results from the survey, as well as interviews with the microfinance institutions that serve these clients, for a detailed picture of the impact of Pakistan’s lockdown on households and the industry overall.
As Pakistan now moves to reopen the economy, the following questions arise:
- How will borrowers fare and how will microfinance institutions recover?
- How does the experience of Pakistan’s microfinance sector compare to other countries?
- What lessons can we learn from Pakistan’s experience?
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