Stronger Ties Between Government and Microfinance
As Malawians face rising prices and a volatile economy, there is a growing call for closer cooperation between the government and the microfinance sector to sustain access to financial services.
This appeal comes as the finance world faces a delicate balancing act between affordability and stability. According to international and local institutions, when low-income earners can access credit, they are better positioned to survive economic shocks, invest in livelihoods, and build financial independence.
International and local institutions alike have observed that when low-income earners can access credit, they are better positioned to survive economic shocks, invest in livelihoods, and build financial independence.
- Select Financial Services, a Malawian lending institution, has urged the government to strengthen partnerships for sustainable financial inclusion.
Author's summary: Government and microfinance ties are crucial.
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