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
