Many thanks Malcom and JD for your suggestions. If anyone else has some suggestions, I am interested in additional ones as well.
Anuj, to answer your question, indeed informality remains an ongoing challenge. I think that the typical means to tackle this challenge, by designing and implementing business regulations, needs to be supplemented with compliance incentives…and this is where I think financial insitutions can play role.
cheers,
Craig
From: MicrofinancePractice@yahoogroups.com [mailto:MicrofinancePractice@yahoogroups.com]
Sent: 09 October 2014 20:01
To: MicrofinancePractice@yahoogroups.com
Subject: Re: [MFP] Formalization of informal businesses
The latest issue of 'Enterprise Development and Microfinance' (the bright red journal that used to be called 'Small Enterprise Development' and maybe should be again), September 2014, volume 25 number 3, focuses on SME lending and includes several papers that relate to your question.
Malcolm
Sent: Wednesday, October 08, 2014 1:08 PM
Subject: [MFP] Formalization of informal businesses
Dear all
I am looking for example of financial institutions that use their relationships with micro and small businesses to encouage those enterprises to formalize, to become registered, meet safety and health requirements, and perhaps even pay taxes. I know that ABA in Egypt does that, requiring a greater degree of formalization as businesses want to access larger loans. I would be keen to learn more about any other examples.
Many thanks,
Craig
Craig Churchill
Chief, Social Finance Programme
International Labour Organization
Route des Morillons 4, Geneva
Switzerland CH-1211
Tel +41 22 799 6242
Email churchill@ilo.org
Website: www.ilo.org/socialfinance
For details about the Microinsurance Innovation Facility see www.ilo.org/microinsurance
For information about the Microinsurance Network, see www.microinsurancenetwork.org
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Posted by: "Churchill, Craig" <churchill@ilo.org>
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