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Making Microfinance Work for Youth: managing product diversification

— theme: Youth Enterprise
— country: Global
— type: Flyers

The International Labour Organization (ILO) invests in microfinance, and in the capacity building of MFI managers in particular, because it believes that microfinance can help realize its vision of decent work for all. Microcredit and microleasing products provide opportunities for small investments in self-employment and job creation. Emergency loans, savings and micro insurance provide the means for poor people and youth to better cope with risk. When microfinance is delivered through group-based models, it can provide opportunities for the poor to organize and have a voice. Some MFIs, particularly those that partner with other public or private actors in pursuit of a social mission, are actively discouraging child and bonded labour, and helping micro entrepreneurs to grow and formalize.

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The International Training Centre (ITCILO) in Turin, Italy has been developing and delivering management training curricula for more than four decades. The International Training Centre of the International Labour Organization (ITCILO) brought this experience to bear when it joined forces with the Social Finance Programme to develop the Making Microfinance Work management training program.

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