Though MFIs are badly affected due to non recovery and doubts on recovery of loans, I feel they will be quick to recover. Lockdown may be lifted in stages. Villages and small towns will be first to come out of it. MFIs operating in these regions will be able to recover installments fairly quickly. Even during the lock down some activity is still going on such as milk, vegetable selling,etc. Arman, Credit Access, Bandhan are hammered out of shape and probably do not deserve it.