The impact of the COVID-19 pandemic on the microfinance sector effects of microcredit in fostering financial inclusion in cape verde

• Autor(a) principal: Gaspar, Tiago Barreto Rosa
• Data de Publicação: 2022
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/152693
• topic: Financial inclusion; Cape verde; Microcredit; Microfinance; Small and medium enterprises; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

The COVID-19 pandemic has triggered several challenges and it was no different for the microfinance sector. However, although in Cape Verde this sector is no stranger to difficult times, the COVID-19 crisis was different. This part of the project focus in understating how the restrictions implemented in the country affected the stakeholders of the sector. Using the qualitative data collected during our field trip, we seek to understand the impact of the pandemic on MFIs and microcredit beneficiaries, and the institutional response to the crisis of all stakeholders. We also address the current key challenges for MFIs and microcredit beneficiaries. We suggest that it will be necessary to overcome the mismanagement and lack of quantitative data that MFIs have in their possession to obtain a more accurate result of the real impact of the pandemic on the sector.