Microfinance and Tsunami Recovery
Why is microfinance used?



MFIs that were active in the vulnerable communities highlighted the need for earmarking funds for contingencies such as disasters. In Indonesia, MFIs pointed out that affected communities needed
  1. immediate disburcement of micro-insurance,
  2. quick access to their savings, and
  3. services to receive remittances from relatives and friends.

These fund requirements came up in two phases - need for funds in the immediate aftermath of a disaster, and longer term need for loans for economic and livelihood recovery.


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Hari Srinivas - hsrinivas@gdrc.org
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