A week into the COVID-19 lockdown, SELCO Foundation reached out to its financial partners, NGOs managing revolving funds and Sa-Dhan the representative body of MFIs to assess the immediate repercussions on their portfolios and the communities they serve. Around 17 financial partners were interviewed, via phone calls. The purpose of this report is to assess the near- and medium-term impact on their organization and the end-users. By creating this base line, SELCO Foundation wanted to come out with mitigation to prevent a potential collapse of the existing systems. The report will take on through the observations, insights and action needed, which can be found below.
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