MFI: LAPO Microfinance Bank Limited
Mission: Promote economic empowerment of low-income Nigerians through creation of access to responsive financial services on a sustainable basis.
Decent Work Area:Child Labour
Innovation:Financial Services & Non-Financial Services: Soft loan and awareness campaign
- Educating clients on the disadvantages of sending their children to work
- Offering a financial product (a soft loan for school fees at 1%/month) to help parents to diffuse the lump sum school payment over a monthly repayment schedule
Results:School attendance: marginal impact for clients exposed to awareness campaign only; and insignificant impact for clients benefiting from the campaign plus loan
No significant impact on child labour incidence, with even increased hours worked
Awareness on child labour: no significant impact with higher value placed on work than school (negative impact of innovation).
- 1 Page poster with summary of MF4DW intervention and MFI profile
- LAPO (Lift Above Poverty Organization) Microfinance, Nigeria: Microfinance for Decent Work: School Fee Loans, Awareness and Child Labour: An impact evaluation.