NRSP - Pakistan

Project documentation | 30 December 2015

MFI Information:

NRSP Microfinance Bank Limited
Mission: Improve the living standards of rural and urban people through extending diverse microfinance products in a transparent and financially sustainable way

Decent Work Area:

Child Labour

Innovation:

Financial Services: Upgraded micro-health and accidental death insurance
  • Up-graded micro-health and accidental death insurance covering all non-nuclear family members on a voluntary basis
  • ‘Increased loan officers’ awareness on micro-insurance to allow them to better assist clients and their household in proper use of the micro-insurance product

Results:

  • Incidence of child labour decreased significantly by almost 7%
  • Reduction for incidence of child labour and hours worked stronger for boys than for girls (however, child labour clearly more common among boys)
  • Hazardous occupation reduced between 5.7 and 6.5 %
  • Monthly earning through child labour reduced*
  • Average hours worked reduced between 2.5 and 3.5 hours per week
  • Insurance coverage and usage increased significantly

Relevant links: