Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)

Abstract

Challenges and Risk of Microfinance Sustainability Amid Covid-19 Pandemic Crisis

Author(s): Ali Saleh Alshebami, Varadarajan Rengarajan, Reza Widhar Pahlevi, Jamaliah Said

At this moment, the Coronavirus disease (COVID-19) is omnipresence causing unabated morbidity and mortality globally. The current scenario portrays that the microfinance sector has been paralyzed in terms of the financial stress of the Microfinance Institutions (MFIs) and their clients, especially poor borrowers and micro-entrepreneurs. Contextually the twin problem in the battle against COVID-19 in this sector includes economic revival of the microfinance sector from liquidity crunch and survival of the actors from the economic and medical consequences of COVID-19. This phenomenon calls for policy measures for coping with the critical situation and revival of the microfinance sector.

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