The document discusses the impact of the global financial crisis on microfinance. It notes that microfinance has been more resilient than subprime lending due to its methodology focusing on cash flow and character rather than assets. While the crisis is affecting microfinance institutions in different ways, some banks in the Philippines participating in MABS have remained stable so far. The document recommends strategies for banks such as increasing equity, diversifying funding sources, improving risk management, and expanding services like microinsurance to seize opportunities during the crisis.