Know Your Partners

Tran Thi Minh Nguyet discusses her experience with working to increase access to finance for local micro and small women-led businesses in Vietnam through the CARE Ignite program. Partnerships with microfinance institutions can prove to be very difficult in these contexts. How to work against experiencing potential failures with these partners? Build in flexibility in financial product development that allows for pivots in the face of issues. Additionally, have a deep understanding of your partner from the start and develop output based contracts with potential partners to prevent failures during product rollout.