|Poverty anywhere is a threat to prosperity everywhere" |
ILO Declaration of Philadelphia, 1944
On 18 June 2014, the ILO, together with France Stratégie and the Caisse des Dépôts et Consignations, launched the results of a survey conducted in 2013 with 4 204 beneficiaries of microcredit in France. Professional microcredit and support services is a tool to help potential or existing entrepreneurs that are unemployed or/and excluded from tradictional banking system. The survey was conducted with beneficiairies three years after they received support from one of the five nationwide microcredit networks in France - l’Association pour le développement et l’initiative économique (ADIE), les Boutiques de gestion (BGE), France Active, Initiative France et Réseau Entreprendre. Results show that survival rate of the enteprise is high, with sustainable integration of the beneficiaires on the labour market.
For more information see the project The Social Impact of Microcredit in the European Context
Mr George Thomas, the Executive Director of Evangelical Social Action Forum (ESAF) Micro Finance & Investments Pvt. Ltd will share the results of the impact assessment of the "Shram Jyoti" project implemented by ESAF together with the ILO in the framework of the Action research on Microfinance for decent work.
The presentation, followed by Q&A , of the results of this project, gives evidence on the role that microfinance institutions can play in promoting formalization amongst microenterprise clients.
The ESAF, through its Microfinance and Investments (P) Ltd (EMFIL) of India participated in theILO’s Microfinance for Decent Work (MF4DW): Action Research project from 2008-2012. As part of this experimental research, ESAF launched and tested business development services and awareness raising activities on the benefits of formalisation for their members entrepreneurs in order to see if there was a positive impact of formalisation on the economic and social performances of clients and their enterprises, using a target versus control group methodology. Econometric analysis of the panel dataset collected from control and target groups at four equally spaced intervals show that ESAF’s innovation can be linked to increase in the formalisation status and awareness about its benefits, as well as improved business practices regarding accounting, expansion plans, marketing in particular. However, the effects of the innovation were limited or inexistent on employment outcomes, repayment capacity, and repayment difficulties.
In the framework of the French project "L'inclusion financière - Promouvoir des innovations financières avec un impact social", ILO-SFP grants a sponsorship to the European Microfinance Network, Brussels, Belgium, for the organization of their annual conference 2014. Their main theme of the conference would be "Employment Challenges and Opportunities for Microfinance".
The Social Finance Program will actively participate in the discussion on microfinance and employment, and taking part in the Award Committee for the selection of the 2014 winner of the Giordano Dell' Amore Microfinance Good Practices Award promoted by the Fondazione giordano Dell' Amore (FGDA) together with the European Microfinance Network(EMN)
The theme of this edition is ''Informal economy and development: employment, financing and regulation in a context of crisis''It is a relevant platform for the Social Finance Programme to share some of the results of the Microfinance for Decent Work Action Research mainly the productivity and occupational safety and health cluster.
Together with the research partner, University of Mannheim and two MFI representatives, NWTF and NRSP, the Social Finance Programme is going to present results of the Microfinance for Decent Work action research at the Conference. The conference will bring together more than 200 researchers from around the world making the conference the largest research event on microfinance ever!
This Working Paper is the result of an ILO-CAS partnership to assess qualitative and societal aspects relating to the impact of professional microcredit. It formulates recommendations for a better assessment of the results of professional microcredit on employment in France.
Microinsurance is coming of age. The million dollar question microinsurers, regulators, and governments continue to grapple with is: Can microinsurance be viable and provide client value? The evidence presented in the report indicates: Yes it can.
The Annual Report 2013 features the results of the ILO's Microinsurance Innovation Facility during the past 6 years. It also outlines the Facility’s new 5-year (2014-2018) Quality at Scale programme that aims to reduce the vulnerability of an additional 100 million low-income persons.