The Global Financial Crisis 2008/2009 seems to have affected diaspora remittances among other influences. Micro-finance institutions, being depository and lending institutions, may have been affected by the crisis. Do you think this was the case?
Yes, I think it is correct.The global economic slowdown has really hit the vital sectors of our economy. In India, various monetary and fiscal measures have been taken by the Government and the RBI in this regard.
Dear David Mathuva
Greetings,
Yes . there is an effect of global crises on micro finance deposits , because in the crises case the liquid is go down and the economic status is slow and more polices become conservative such as the operations in banking because the risks .
Best Regards
Well explained. I also agree with Faris Alshubiri.
Best Regards
Jayantha Dewasiri
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