Mergers and Acquisitions in Pandemic Recovery: What MFI Leadership Should Know

The COVID-19 pandemic has emphasized the important role of financial services in helping low-income people manage uncertainty and economic shocks. Many low-income customers rely on microfinance institutions (MFIs) to provide those financial services; however, the pandemic has also sent many MFIs themselves into crisis and many continue to face serious solvency concerns. This publication provides considerations and options for MFIs facing the need for potential consolidation. 

This brief provides an illustrated overview of five consolidation options: 

  • Asset Purchase 
  • Share Purchase 
  • Forward Merger 
  • Triangular Merger 
  • Reverse Triangular Merger 


This brief was conducted as part of CFI’s partnership with Mastercard’s Center for Inclusive Growth.

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