October – Newsletter 2008

Welcome to the October, 2008 issue of Microcredit Summit E-News, a publication of the Microcredit Summit Campaign.

Addressing the global financial crisis and fluctuating food and fuel costs

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:

  1. 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?
  2. 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:

  1. How do you see the global financial crisis affecting your institution’s work as an investor in microfinance?
  2. 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.

If you would like to read the entire list of responses, please click here.
If you would like to read responses from Asia, click here.
If you would like to read responses from Africa, click here.
If you would like to read responses from Latin America, click here.
If you would like to read responses from Investors, click here.

If you would like to read individual responses click on the name below:

ASIA
Shafiqual Haque Choudhury President, Association for Social Advancement (ASA)
M. Udaia Kumar Managing Director, Share Microfin Limited
L.H. Manjunath Executive Director, Shri Kshethra Dharmasthala Rural Development Project (SKDRDP)
Roshaneh Zafar President, Kashf Foundation

AFRICA
Tony Fosu Executive Director, Sinapi Aba Trust (SAT)
Mekonnen Yelewem Wessen Managing Director, Amhara Credit and Savings Institution
John de Wit Managing Director, The Small Enterprise Foundation (SEF)

LATIN AMERICA
Francisco Dumler General Director, Consorcio de Organizaciones Privadas de Promocion a la Pequena y Microempresa de Peru (COPEME)
Santa Isabel de Euceda Executive Director, Organizacion de Desarrollo Empresarial Femenino (ODEF)
Carmen Velasco Co-founder and Director, Pro Mujer Bolivia

INVESTORS
Robert Annibale Global Director, Citigroup Global Microfinance Center
Jack Lowe President, Blue Orchard Finance Inc.
Asad Mahmood Director, Community Development Group, Deutsche Bank