News from SIDI’s partners in the context of the health crisis

In this very special autumn, the latest issue of the SIDI Notebook takes stock of the situation of two partner organizations coping with the effects of the Covid-19 crisis.

In Central America, the restrictions imposed by the epidemic have had a major impact on the microfinance sector. The refinancing institution SICSA, which provides financial support to 37 MFIs in 6 Central American countries, found itself facing a liquidity risk. Faced with this situation, SIDI has relaxed its loan rescheduling arrangements to enable SICSA to continue to carry out its financial inclusion mission in the region.

You can also read an interview with the General Manager of the CAURIE Microfinance MFI in Senegal, who explains the measures taken from the very start of the Covid-19 epidemic, both for employees and customers.

In this issue, you’ll also discover the support projects carried out thanks to the ACTES Foundation, under the aegis of the Terre Solidaire Foundation, to help our partner organizations in the greatest difficulty to adapt their activities to new sanitary requirements.

Enjoy your reading!

 

Carnets SIDI n°12-sept 2020(HD)_Page_1

Click on the image to consult the Carnet

Solidarity with Lebanon

[chapeau]Faced with the unprecedented explosion that hit the port of Beirut and its inhabitants on August 4, the President of FTL, a long-standing partner of SIDI, is calling for solidarity to help the victims.[/chapeau]

SIDI has been a long-standing partner of the FTL (Fair Trade Lebanon) association, which seeks to promote the economic and social development of rural areas in Lebanon, in particular by supporting small cooperatives and family farms. SIDI played a decisive role in the creation of its marketing subsidiary FTTL (Fair Trade Lebanon Tourism Limited), of which it is a founding shareholder, and provides significant technical support to maintain its activity.

The devastating explosion in the port of Beirut in Lebanon on August 4 killed around a hundred people and destroyed the homes of hundreds of thousands of families, leaving them homeless. The President of the FTL association, Philippe ADAIME, testifies to the seriousness of the situation, which he describes as “unprecedented” in a country already heavily plagued by corruption and tested by the political and economic crisis since 2019. The association is appealing for solidarity to enable it to help those hardest hit by the explosion, and is planning, in conjunction with the country’s agricultural cooperatives, to respond rapidly to the disaster by financing the production of food baskets for disaster victims.

Click here to read Philippe Adaime’s testimonial