This is the fifth comparative evaluation study of the microfinance sector in Romania and it aims to achieve several objectives:

• To determine the trends of the evolution of the microfinance sector in Romania within the 2019- 2020 period and the impact of the COVID-19 pandemic on the evolution of the main performance indicators of the Romanian microfinance sector;
• To compare the financial and social performance indicators of the Romanian microfinance sector with the European benchmarks;
• To promote the achievements of the Romanian microfinance sector, within the lobbying and promotion efforts, in front of regulatory authorities, investors, social partners and policy makers, for continued support to development of the Romanian microfinance industry.