Can financial institutions be drivers of formalization of enterprises?

An impact study of Evangelical Social Action Forum (ESAF) work in India on microfinance innovation was completed in June 2014. A small event was held at the ILO headquarters to mark this occasion.

In India, the innovation of a microfinance institution lead to a 70% increase in formalisation status of the clients, who were the beneficiaries of the project.

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 .

Click here to access the impact assessment report.