As the pandemic and economic impacts continue with no clear end in sight, CDFIs are figuring out how to underwrite new loans in a very uncertain time. Members of the Microfinance Impact Collaborative have been grappling with this issue for several months. They will share how they are approaching new underwriting, planning to manage the risk, and what they will need from funding partners if they are to be successful. The primary focus of this session is small business loans of up to $50,000, most of which are not heavily collateralized.