The Microcredit Summit Campaign asked microfinance leaders (MF) and investors to respond to a series of questions on the global financial crisis and fluctuating food and fuel costs.
Microfinance leaders were asked:
- How has your microfinance institution (MFI) been affected by the global financial crisis, or how do you see it being affected, and if it is being affected what are you doing to address it?
- How is your MFI being affected by rising food and fuel prices? What are you or your clients doing to address those challenges?
Investors were asked:
- How do you see the global financial crisis affecting your institution’s work as an investor in microfinance?
- If you see a negative affect what, if anything, are you doing to address it?
These responses received the week of October 13, 2008 are just a snapshot but they give a sense of what the field is currently facing and some steps that are being taken to address these challenges. We are grateful to the respondents for their rapid replies.