Effect of COVID-19 on Micro-Financial Institutions (MFIs): Special Emphasis on Developing and Emerging Economies

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Author(s): Muhammad Faisal Sultan (Khadim Ali Shah Bukhari Institute of Technology, Pakistan), Imam Uddin (Institute of Business Management, Karachi, Pakistan), Muhammad Asif (Bahria University, Karachi, Pakistan)and Asim Rafiq (Sind Institute of Management and Technology, Pakistan)
Copyright: 2023
Pages: 9
Source title: Societal Transformations and Resilience in Times of Crisis
Source Author(s)/Editor(s): Ghazala Shoukat (University of Sindh, Jamshoro, Pakistan)and Muhammad Nawaz Tunio (Mohammad Ali Jinnah University, Karachi, Pakistan)
DOI: 10.4018/978-1-6684-5326-1.ch005

Keywords: Culture & Population Studies / Information Science Reference / Social Sciences & Humanities / Sociology

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Abstract

COVID-19 caused a severe decline in the world's economy as the virus prevails throughout the world and hampered every form of business and operation. However, the middle and low-income countries received more severe impacts due to the unavailability of facilities and resources. Hence the need to focus on the significance & role of MFIs become more critical in low-income and developing countries. Therefore, this chapter has been written specifically for emerging and developing sides of the world. Hence the chapter has great significance as it does not only describes the MFIs and the challenges they are facing but also the impact of these challenges on the performance of MFIs during COVID-19

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Effect of COVID-19 on Micro-Financial Institutions (MFIs): Special Emphasis on Developing and Emerging Economies

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