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:

• 1 Page poster with summary of MF4DW intervention and MFI profile
• NRSP Pakistan: Microinsurance and Child Labour: An impact evaluation of NRSP’s micro-insurance innovation