Microfinance Institution | Country | Innovation Summary | Main Results |
Child labour |
LAPO | Nigeria | Awareness campaign against child labour and the introduction of a loan for school associated expenses | Marginal impact on school attendance for clients exposed to awareness campaign |
NRSP | Pakistan | Modification to existing health insurance product to extend coverage to all household members | Decrease of child labour by 7%, reduction of hazardous occupations, reduction of average hours worked |
Nyèsigiso | Mali | Client training using adapted ILO WIND, GERME and child labour training materials | Incidence of child labour decreased by 26% for girls |
Risk Management & Over-indebtedness |
AMK | Cambodia | Financial education for clients (indirect approach through educating loan officers) | Reduction in late repayments, 10% increase in insurance uptake and better financial attitude towards savings |
Banco Popular | Honduras | Introduction of health insurance product and client training | N/A: endline could not be conducted due to delays in implementation of new product |
Financiera Confianza | Peru | Introduction of micro-insurance product “multiriesgo de Confianza” and client training on product and use | Positive impact on multiple borrowing/over-indebtedness (28% lower outstanding balance). Positive income effect of 170 USD |
NWTF (1) | Philippines | Introduction of new entrepreneurship training for clients using ILO training modules “Generate Your Business” (GYB) and “Start Your Business” (SYB) | 13% reduction in perception of lower barriers to entrepreneurship, increased business profits by 50 USD, reduction in late repayments |
NWTF (2) | Philippines | Modification of a savings products for emergency purposes (Individual Emergency Fund) | Strong reduction of cross borrowing (22% reduction in taking out loan to repay another one) and decrease of repayment difficulties |
PRIDE | Uganda | Introduction of new leasing product (Mortgage Asset Financing Loan) | Due to methodological issues, Before-After analysis was conducted: Increased assets and better coverage of business and household expenses |
TYM | Viet Nam | Introduction of client training on risk management and microinsurance | Decrease of negative attitude towards book keeping, increase attitude towards savings and 22% increase in ability to put money aside for emergencies |
VisionFund | Cambodia | Financial education for clients (direct training of clients) | Decrease of negative perceptions towards insurance, 22% increase in ability to put money aside for emergencies, improved attitude towards savings |
Formalization |
ESAF | India | Awareness raising on formalization and introduction of Business Development Services (BDS) to clients | 70% increase in business registration, 15% increase in maintaining books of accounts, increased awareness about government support schemes |
FCPB | Burkina Faso | Introduction of sensitization to benefits of formalization, combined with training on enterprise management and client incentives to formalize | 26% improvement on business practices, increased number of clients separating business and personal accounts and increased awareness about the importance of social protection |
Working Conditions |
BASIX | India | Introduction of Participatory Safety Education to increase productivity and workplace safety of clients and community | 11% Decrease in work place illness and injuries, better work safe habits, reduced average daily work hours and increased monthly income by 37 USD |
Tamweelcom | Jordan | Awareness raising on working conditions to clients and community, combined with client and staff trainings using adapted ILO WISE methodology (Work Improvement for Small Entreprises) | Before-After analysis: Improvements related to material storage and handling, higher levels of production |
Job Creation |
Bai Tushum & Partners | Kyrgyzstan | Organizational restructuring of microfinance section and SME section offering different sets of products | Job creation amongst clients (from 92% of clients to almost 100%) |
IMON | Tajikistan | Introduction of entrepreneurship training for women clients | Broad implementation of business ideas into practices (258 out of 487 women), majority of women started their business within 3 months |