1.8 Making money work for poverty reduction: Working Out of Poverty
It is impossible to build an enterprise without access to credit. Poor
people all over the world have little access to formal financial services.
Microfinance activities go hand in hand with entrepreneurship, enabling the
poor to borrow for productive purposes, save and build their assets. The ILO
has advised central banks on the design of laws and regulations for povertyoriented
banks. This has been instrumental in creating an enabling environment
for pro-poor banks to emerge and prosper, particularly in Africa.
By connecting the organizational experience of trade unions and employers
to the microfinance movement, the ILO is joining others to help extend
affordable financial services to the 95 per cent of the working poor who
lack access to them. The ILO offers an integrated enterprise-based strategy
out of poverty that is firmly rooted in ILO values. It is also part of the Microcredit
Summit Campaign and is working with the Consultative Group to Assist
the Poorest (CGAP), a consortium of 29 donor agencies.
18 Making money work for poverty reduction Working Out of Poverty - To learn more about this author, visit International Labour Organization's Website.
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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