Migrant Remittances

Best practices guide for microfinance institutions active in remittances

Worldwide, microfinance institutions (MFIs) work on the development of products linked to international remittances. Challenges are encountered that impede scaling up and cross-selling remittances to MFI’s existing loans and savings clients. This BEST PRACTICES GUIDE FOR MFIs ACTIVE IN REMITTANCES is based on the experience of pioneers in the area. It provides concrete guidance and ready to use training material for MFIs who want to become successful in leveraging the benefits of remittances for their clients and the institution.

Document language

English

Document type

Focus area

Migrant Remittances

Thematic area

Remittances and financial sector development

Related countries

Global

Date published

2013

European Parliament - The impacts of remittances in developing countries

The crisis that hit the western financial markets in 2008 has led to a severe global economic recession, which impacted and is still impacting migrants and migration policies worldwide. Despite the growing vulnerability of migrants, remittances have remained stable during and after the global economic downturn. Indeed, they continue to be a significant source of income for families and play a crucial role of co-insurance or risk mitigation in times of hardship.

Document type

Focus area

Migrant Remittances

Thematic area

Remittances and financial sector development

Related countries

Global

Migrants' S.T.E.P. (Supporting Tools for Economic Projects) / Outils d’Aide aux Projets Économiques (OAPE)

English

Short title

MIgrants' Steps

Brief description of the initiative

1. Improved quality of financial services for migrants in terms of innovation, costs, performance, impact and accessibility; 2. Strengthened methods of support for investments and for business creation; 3. Consolidated tools for communication, partnership and information exchange around migrant projects.

Start date - End date

Wed, 09/30/2009 to Wed, 03/30/2011

Project Documents

  • L’agence régionale de développement s’investit dans la mobilisation des émigrés pour le développement économique régional

    Dans le courant février 2011, l’Agence Régionale de Développement (ARD) de Diourbel et CONFESEN ont lancé respectivement à Diourbel et à Touba l’ouverture de Bureaux d’Appui aux Initiatives de Migrants (Help desks). Bénéficiant de l’appui du Pnud et de l’Ue, l’Ard et CONFESEN, en partenariat avec la Région de Vénétie, la Chambre de Commerce de Vénétie et la Coordination générale des Migrants pour le Développement (Bruxelles) ont conçu et lancé le Projet Migrant’s STEP, destinée à prendre davantage en charge la problématique de l’accompagnement des émigrés par le « Renforcement du dispositif d’appui à l’investissement et à la création d’entreprises par les Migrants».

  • 18 & 19 mars 2011 à Venise, la deuxième édition FOSAP organisée par la région de Vénétie en collaboration avec la CONFESEN et l’Union des chambres de commerce de la Vénétie a enregistré la participation d’institutions et d’associations de migrants sénégalais, d’institutions et d’organisations italiennes.

    Les participants réunis en conférence plénière et en ateliers
    ont abordé les thématiques suivantes :

    • Investissement au Sénégal,
    • Entreprenariat des migrants,
    • Financement des projets,
    • Promotion de projets de coopération entre collectivités locales.

  • Les 18 et 19 mars 2011, s'est tenue la 2ème édition du FOSAP (Forum Sénégalais des Affaires et du Partenariat) à l'Hôtel Michelangelo à Venise Mestre.

    Le Forum Sénégalais des Affaires et du Partenariat est un moment de rencontre et d’échanges pour les entrepreneurs Sénégalais, ceux de la diaspora et des pays d’accueil, les acteurs institutionnels, le système du crédit local, les ong et les associations de la diaspora, finalisé à la promotion des opportunités d’entreprise au Sénégal et de la coopération. Le FOSAP vise à faciliter le partenariat International dans le contexte de la coopération entre le Sénégal et les pays d’accueil de sa diaspora.

Education au co-développement au Mali (Région de Kayes)

Maximizing the Gains and Minimizing the Social Cost of Overseas Migration in the Philippines

English

Short title

Maximizing the Gains and Minimizing the Social Cost of Overseas Migration in the Philippines

Brief description of the initiative

This Project mobilized migrant organizations and hometown associations in (1) maximizing the development potential of migration whilst (2) minimizing its social cost on migrants and the families left behind.

Start date - End date

Wed, 09/30/2009 to Wed, 03/30/2011

Project Pictures

There are no pictures for this project yet.

Project Documents

  • We have been aware for a long time that Region 4 has the highest number of migrants in the Philippines however; migrants seem to be invisible in the eyes of the local government of region 4. This is because migrants are considered to be relatively well off compared to other sectors of our society. To a certain extent this is true.  How then do we engage and involve the LGUs, regional bodies and other sectors in initiatives that will minimize the cost and maximize the gains of migration?

  • “Bakit ngayon lang ninyo naisip gawin itong (financial literacy) seminar na ito?  Milyon na ang nawaldas ko!” (Why did you only think of implementing this financial literacy seminar now?  I have wasted millions of pesos!) commented Minda Teves,  one of the migrant leaders from Torino who participated in our financial literacy training of trainers program in Rome.  She became emotional during the seminar as she related the dependency of the members of her family in the province of Mindanao and how they withdraw from her whenever she did not give any remittance to them.   She hated dealing with numbers during the training but she painstakingly learned how to compute her budget and savings and investment for retirement even if it meant for her working till midnight.  She was so passionate about learning to become a trainer on financial literacy since she believed that this is a very important intervention for the migrants to make their dreams a reality.  Currently, Minda leads the Pinoy Worldwide Initiative for Savings Investment and Entrepreneurship (PINOY WISE) financial counselors of Northern Italy.  She mentors other financial counselors in the conduct of financial literacy of Filipino migrants from Milan, Brescia, Torino, Biella, Padova and Modena in Italy and leads the mobilization of migrant investment towards Sorosoro Ibaba Development Cooperative (SIDC) migrant cooperative,  the largest agri-based cooperative in the Philippines.

  • Romlowel Villanueva, a son of a seafarer shared that the reason why he joined the Batang Atikha Savers Club  ( BASC  youth savers club) was because his friends were members but he realized as he participated in the various workshops and play shops that it made him a better person. The various activities of BASC served as eye opener for him  to realize the hardships that his father is going through as a seafarer. His savings also was able to help his family pay their monthly due for the house  when the remittance of his father was delayed. “Dapat po ay mahalin nila ang kanilang mga magulang dahil sakripisyo talaga ang magtrabaho sa abroad, hindi ito madali  dahil malalayo sila sa kanilang pamilya pero ginagawa pa rin nila para sa kinabukasan namin. They ( children of migrants) have to love their parents because working abroad is a lot of sacrifice and it is not easy since they are far from their loved ones, and our parents are doing this for our future)”, was Romlowel’s advise to other children of migrants and seafarers.

  • The first Training of Trainers on Financial Literacy & Peer Counseling was held from October 19 to 23, 2009 at the Splash Mountain Resort Hotel, Los Baños, Laguna, Philippines. The training was held in cooperation with IOM-MRF Manila, Department of Labor and Employment National Reintegration Center for OFWs (DOLE-NRCO) & Overseas Workers Welfare Administration( OWWA). It was participated in by 31 representatives from DOLE-NRCO; government staff from the Batangas and Cavite Provincial Capitol, City of Calamba and Municipality of Mabini and Cuenca in Batangas and Alaminos and Los Banos in Laguna; master teachers and principals from the Department of Education Laguna Division; and other partners of Atikha like Bangko Kabayan, Cavite Farmers and Feedmill multi-purpose Cooperative (CAFFMACO), Visayan Forum Foundation, Philippine Social Enterprise Network and Migrant’s Association from Cuenca.

  • Atikha is a non-government organizations in the Philippines involved in addressing the social cost of migration and in tapping the development potential of migrants.    The partners of Atikha in the implementation of the financial literacy are Filipino Women’s Council in Italy,  Comitato Internationale Sviluppo per lo Popoli, NGO based in Italy and the Sorosoro Ibaba Development Cooperative,  the largest agri-based cooperative in the Philippines.

    This financial literacy program of Atikha was made possible through the support of EC UN Joint Migration and Development Initiatives ( EC-UN JMDI), International Fund for Agricultural Development (IFAD), International Organization for Migration (IOM), Philippine Australia Community Assistance Program (PACAP)  Interchurch Cooperation (ICCO), DOLE-National Reintegration Center for OFWs (DOLE NRCO), Overseas Workers Welfare Administration (OWWA) and other government  partners in the Philippines and abroad.

  • Atikha is a non-government organizations in the Philippines involved in addressing the social cost of migration and in tapping the development potential of migrants.   

  • Atikha is a non-government organizations in the Philippines involved in addressing the social cost of migration and in tapping the development potential of migrants.

Enhancing the capacity of migrants as partners in economic development

Undefined

Short title

Enhancing the capacity of migrants as partners in economic development

Brief description of the initiative

This Project has build and enhance the capacity of overseas Filipino workers (OFWs) to plan and organize their eventual return (and reintegration), harness their skills and resources, and contribute to the development of the local economy in their home country.

Start date - End date

Wed, 09/30/2009 to Wed, 03/30/2011

Project Pictures

There are no pictures for this project yet.

Project Documents

  • This research paper investigates the process of shaping the role of migrant domestic workers as actors in local economic development (LED).

    The analysis looks at the use of microfinance as a strategy for collective action, discussing current practices of migrant workers that hint at their potential as actor in LED, as well as their motivations in supporting LED in their origin communities.

    The paper demonstrates how local government, NGOs and CBOs in local communities can be similarly involved as LED actors, proving that migrant workers alone cannot be studied and that non-migrants should also be taken into account, together with the broader development context in which migration takes place.

  • This guide gives some knowledge on how to instil in Filipino migrants the concept of managing remittances by asserting their development perspectives. This intervention complements the CFMW strategy of resourcing the migrants as a pillar towards advocating the rights of migrants and to increase migrant capacities to contribute to social and economic development of their communities/countries of origin.

  • The partners of project P-067 present their work on mainstreaming 'Migrant Savings for Alternative Investment' (MSAI) in the Philippines, the Netherlands, Switzerland, the United Kingdom, Greece, South Korea and Hong Kong.

     

    Mainstreaming MSAI

    Philippines, Netherlands, Switzerland, United Kingdom, Greece, South Korea, Hong Kong

Circular migration of women as a development vector

English

Short title

La migration circulaire féminine, vecteur de développement

Brief description of the initiative

The project built upon the Spanish-Moroccan initiative of seasonal work whereby female migrants leave Morocco to work in Spain for 3 to 6 months each year, before returning to their home country.

Start date - End date

Thu, 07/30/2009 to Mon, 11/29/2010

Project Documents

  • Cette mallette est destinée aux formateurs œuvrant dans les Associations qui travaillent avec les femmes des douars (villages) du Maroc et qui accompagnent celles-ci dans leurs projets d’émigration circulaire et/ou de développement d’Activités Génératrices de Revenus (AGR).

    Vu la situation souvent précaire, l’état de dépendance et l’absence, ou quasi absence, de formation élémentaire de ces femmes (la cible finale), la démarche d’accompagnement devra commencer impérativement par l’écoute, étape première et incontournable du processus de réappropriation de l’estime de soi, préalable à tout apprentissage et à tout projet. « En parler » apporte, en effet, un soulagement, permet aux intéressées de percevoir les problèmes (représentation, mentalisation et projection) et, finalement, de les dépasser.

    Cependant, en matière d’écoute, on ne saurait créer la demande : elle doit s’exprimer spontanément, sachant que l’écouteur n’agit que comme un miroir, tout son art de maître en « maïeutique » consistant à bien interroger une personne pour lui faire exprimer (accoucher) des connaissances.

    Or, le cas de chacun(e) est unique, parce que chaque personne est unique. En conséquence, il ne saurait y avoir de recettes miracles, ou de solutions universelles en matière d’écoute. Et si l’écouteur évoque des situations dont il sait, par la pratique, qu’elles sont souvent génératrices ou conséquences de difficultés, c’est uniquement comme stimuli.

    La position des rédacteurs de la présente mallette est très différente, car d’une part ce document suit forcément la phase d’écoute individuelle, d’autre part il se veut pédagogique et opérationnel. C’est pourquoi, chaque module se termine par des recommandations concrètes ainsi que par des propositions d’outils et de supports de formation.

  • CARTOGRAPHIE DE LA ZONE  D’INTEVENTION

    POUR LA FORMATION DES FEMMES OUVIERES AGRICOLES MIGRANTES

    PROVINCE DE LARACHE/REGION KSAR EL KEBIR

Sankofa Family Poultry

English

Short title

Sankofa Family Poultry

Brief description of the initiative

This project expanded an already existing project and aimed to reestablish smallholder poultry breeding in five local communities in Ghana, as an effective means for livelihood, income supplement and nutrition.

Start date - End date

Mon, 07/13/2009 to Fri, 11/13/2009

Project Documents

There are no documents for this project yet.

Promoting Cooperation among Migrants communities and Local Governments for Local Development

English

Short title

Promoting Cooperation among Migrants communities and Local Governments for Local Development

Brief description of the initiative

The project developed the capacities of local authorities by developing a migration system in the region of Imereti, Georgia in order to make better use of the capacities of migrants and their communities for social and economic development at the community level.

Start date - End date

Wed, 09/30/2009 to Thu, 12/30/2010

REDES-CAP: Redes de apoyo a las capacidades de las personas migrantes para el desarrollo