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Promotion of migrant saving and alternative investment lessons from Nepal: a replicable model

Promotion of migrant saving and alternative investment lessons from Nepal: a replicable model
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Author : Mr. Tejhari Ghimire

 

The promotion of migrant savings and alternative investment in Nepal (PMSAI) project was the first of its kind in Nepal. Its objective was to promote remittance services and unemployment insurance products through community based MFIs. The unemployment insurance product was linked to remittance service in terms of the management of risk of migrant workers being unemployed during and after the employment period. Since Nepal's economy is remittance-based, this type of project is useful in motivating community people in the productive use of remittance. download full article...