The Social Impact of Microcredit in the European Context

Contact(s):

sfp@ilo.org

Financial Inclusion in France and Developed countries: measuring the social impact of microcredit and fostering public/private partnerships

The ILO, with the support from the Mission for Social Innovation and Experimentation and Social economy, in the French French Ministry of Economy, Industry and Digital, is exploring how to measure the social impact of microcredit in a European country – France, with a view to develop joint indicators within the Social economy actors and the public institutions that support their activities and more broadly to explore the role of microcredit and support to enterprise creation as a tool for reintegration on the labour market, enterprise development and job creation.

Summary

The Key Milestones of the project:

- An article and a publication on the Social Impact of Microcredit in the European Context

- The survey and an analysis on the effects of Professional Microcredit

and support to enterprises creation in France (in French)

For further information: Refer the website of CGSP (in French):

- A publication that summarizes the findings on the effects of microcredit on employment in France and offers some recommendations to improve financial and non-financial support to enterprise creation by the unemployed in the future. This was discussed during a conference organized in Paris in February 2015.

For further information: Refer to the website of this conference (in French): Colloque microcrédit professionnel

Based on the results of this project and going further in the cooperation between the ILO and the Mission for Social Innovation and Experimentation and Social economy, a new project will be implemented from 2016, focusing on the role of social economy, including social finance instruments, in the world of work.

Tags: microenterprises, microfinance, social finance

Regions and countries covered: Europe, Global, France

Source: www.ilo.org

Category: Payday loans

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