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Microfinance Post-Tsunami
Oct 2008, Rivera, R.

Framework to evaluate post-tsunami financing

This paper analyzes the first two years of Cordaid’s experience in rebuilding post-2004 tsunami livelihoods in Indonesia, Sri Lanka and India. Cordaid's credit implementation program operated on the following guidelines:

Relief and rehabilitation phase should precede credit entry;
Credit requires long-term engagement with the borrower and timeliness is important;
Framework of livelihood restoration should focus on income generation and job creation.

Cordaid’s experience yields lessons that may serve as guidelines for future post-disaster reconstruction of livelihoods. They include:

Timeliness of credit builds on the pulse of relief activities;
Synergy between emergency and entrepreneurship sectors is vital for effective delivery of relief and reconstruction interventions;
Credit timing should ensure that target borrowers are ready to take loans;
Loan vehicle selection is critical;
Value of an external portfolio should be weighed against companies' capacity to revive on their own.

Finally, there is a no hard and fast rule in designing an appropriate post-disaster credit program. Common sense plays a crucial role, along with a keen analysis of the environment in developing such a program.

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Journal Volume/Pages:
28

Publisher(s):
Catholic Organisation for Relief and Development