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Letter dated 22/06/2026 from Lord Stockwood of Great Grimsby and Cleethorpes to Lord Kamall regarding matters raised during the Second Reading of the Financial Services and Markets Bill: ring fencing and impacts on bank resolution regime, microfinance CDFIs and SME access to finance, Credit union common bond. 3p.
Letter dated 22/06/2026 from Lord Stockwood of Great Grimsby and Cleethorpes to Lord Kamall regarding matters raised during the Second Reading of the Financial Services and Markets Bill: ring fencing and impacts on bank resolution regime, microfinance CDFIs and SME access to finance, Credit union common bond. 3p.
To ask the Secretary of State for International Development, what assessment her Department has made of the implications for its policies of the finding from the World Bank Group report entitled Profiting from Parity that Microcredit has only limited effects on business outcomes for women.
To ask the Secretary of State for International Development, what assessment her Department has made of the implications for its policies of the finding from the World Bank Group report entitled Profiting from Parity that Microcredit has only limited effects on business outcomes for women.
DFID continually reviews emerging evidence in order to ensure that its programmes maximise value for money for UK taxpayers. The “Profiting from Parity” report indicates that early studies on the impact of microcredit have found mixed results on income growth and consumption levels, including for women entrepreneurs. However, other research provides strong evidence that under particular circumstances, when products are suitably tailored for the specific needs of the borrower, microcredit can have a positive impact on development by enabling individuals to help themselves out of poverty. Responsible microfinance can help people build personal resilience against economic shocks, smooth their incomes over time, and explore business growth opportunities, as well as facilitating broader developmental outcomes, such as access to affordable and reliable water, electricity, healthcare and education. This is especially true for women, who typically access more microfinance than men. The UK is committed to supporting financial inclusion as a key enabler to achieving the SDGs, and particularly on tackling the persistent gender gap in access to finance which is crucial for building women’s economic empowerment.
To ask the Secretary of State for International Development, how much Official Development Assistance her Department spent delivering microcredit in each of the last five years.
To ask the Secretary of State for International Development, how much Official Development Assistance her Department spent delivering microcredit in each of the last five years.
The cost of extracting the information required would be disproportionate. Microcredit is, and has been, an integrated component of numerous broader humanitarian, livelihoods and economic development programmes over the five year period in question. Significant official time and analysis would be required to identify and quantify the aggregate spend.
To ask the Secretary of State for International Development, in which countries and for how many projects her Department provides microloans to local communities or small businesses.
To ask the Secretary of State for International Development, in which countries and for how many projects her Department provides microloans to local communities or small businesses.
DFID does not track microloans separately from other financial inclusion programmes. DFID’s total investment in financial inclusion programmes is more than £426 million as of July 2016. The portfolio has a wide geographic spread with a focus on Sub-Saharan Africa and South Asia. DFID focuses on ways to make business easier for micro and small enterprises to support growth and jobs, as opposed to a specific focus on microlending.
One of the best examples of our work with small businesses is DFID’s anchor investment of £75m in the Global Small and Medium Size Enterprise (SME) Finance Initiative established in 2012 along with other investors. As of June 2016, the programme had contributed to nearly £3.5bn of commercial loans supporting nearly 66,000 SMEs in 26 countries, including the Democratic Republic of Congo, Nigeria, Mozambique and Bangladesh. The programme has a particular focus on increasing finance to women-headed SMEs.
To ask the Secretary of State for International Development how much funding her Department allocated to microfinance schemes in (a) 2010-11, (b) 2011-12 and (c) 2012-13.
To ask the Secretary of State for International Development how much funding her Department allocated to microfinance schemes in (a) 2010-11, (b) 2011-12 and (c) 2012-13.
DFID's work on microfinance is integrated into broader financial sector development programmes that work to strengthen policy and regulation, build infrastructure and innovate new products and services that meet the needs of poor people.
DFID monitors expenditure in terms of actual spend. Actual spend on the financial sector development portfolio totalled £50.9 million in 2010-11; £50.9 million in 2011-12 and £59.2 million in 2012-13. Cumulative spend between 2007 and 2012 totalled £282.0 million.
To ask the Secretary of State for International Development what the outcomes were of the Community Based Microfinance Initiative; and how the project was implemented in Bangladesh.
[123709]
To ask the Secretary of State for International Development what the outcomes were of the Community Based Microfinance Initiative; and how the project was implemented in Bangladesh.
[123709]
The project ‘Promoting economic development of the poor through community based microfinance initiatives in Bangladesh’ was funded through the Civil Society Challenge Fund. The project was implemented by the Credit and Development Forum (CDF) across nine districts and aimed to improve access to commercial banking services for community based organisations (CBOs) and very poor people. The project started in April 2006 and was completed in March 2010.
The project worked with 25 community organisations to provide microfinance services for their members. These organisations provided small scale finance to establish income generating activities for 32,000 poor households. The increased income that was generated has allowed those households to invest in improved family health care, education and housing.
Letter dated 18/06/2012 from Baroness Northover to Lord German regarding aid for Lesotho. 2 p.
Letter dated 18/06/2012 from Baroness Northover to Lord German regarding aid for Lesotho. 2 p.
Lords debate on motion to call attention to those living in extreme poverty in the developing world. Motion withdrawn.
Lords debate on motion to call attention to those living in extreme poverty in the developing world. Motion withdrawn.
Moved by To call attention to those living in extreme poverty in the developing world; and to move for papers.
Moved by To call attention to those living in extreme poverty in the developing world; and to move for papers.
My Lords, I welcome this opportunity to call attention to those living in extreme poverty in the developing world. I also welcome in advance the contributions that will be made to this debate from a wide range of noble Lords; I look forward to hearing from them. There were a...
My Lords, I welcome this opportunity to call attention to those living in extreme poverty in the developing world. I also welcome in advance the contributions that will be made to this debate from a wide range of noble Lords; I look forward to hearing from them. There were a...
My Lords, I would like to pay tribute to the noble Lord, Lord McConnell, both for securing this debate today and for his campaigning work on this issue for many years, particularly during his time as First Minister of Scotland. He and I first ran into each other during a...
My Lords, I would like to pay tribute to the noble Lord, Lord McConnell, both for securing this debate today and for his campaigning work on this issue for many years, particularly during his time as First Minister of Scotland. He and I first ran into each other during a...
My Lords, I am more than grateful for the fact that this matter has been brought before us for debate. Sometimes, as I sit on these Benches listening to the discussion of various pieces of legislation, I feel that I would like all of them checked out for how they...
My Lords, I am more than grateful for the fact that this matter has been brought before us for debate. Sometimes, as I sit on these Benches listening to the discussion of various pieces of legislation, I feel that I would like all of them checked out for how they...
My Lords, I, too, congratulate the noble Lord, Lord McConnell, on securing this debate this afternoon and giving us the opportunity to debate these very relevant and important issues. I congratulate him, too, on his powerful argument and the birth of the campaign on living below the line. Sadly, I...
My Lords, I, too, congratulate the noble Lord, Lord McConnell, on securing this debate this afternoon and giving us the opportunity to debate these very relevant and important issues. I congratulate him, too, on his powerful argument and the birth of the campaign on living below the line. Sadly, I...
My Lords, I thank the Minister for her responses. We look forward to further clarification of any points that have not been addressed in her closing remarks. This has been an excellent debate. Contributions from several noble Baronesses and others on the importance of women and girls’ empowerment and education...
My Lords, I thank the Minister for her responses. We look forward to further clarification of any points that have not been addressed in her closing remarks. This has been an excellent debate. Contributions from several noble Baronesses and others on the importance of women and girls’ empowerment and education...
My Lords, I also thank my noble friend for initiating what has been a very timely debate. He mentioned the Global Poverty campaign and Positive Women, an NGO which is small, effective and remarkable in many ways and which I also know very well. My noble friend has shown his...
My Lords, I also thank my noble friend for initiating what has been a very timely debate. He mentioned the Global Poverty campaign and Positive Women, an NGO which is small, effective and remarkable in many ways and which I also know very well. My noble friend has shown his...
My Lords, I join all noble Lords in thanking the noble Lord, Lord McConnell, for securing this important debate today and for his most informed speech. I know he is passionate about his work on conflict prevention and resolution and on Malawi. I am sure he will agree with me...
My Lords, I join all noble Lords in thanking the noble Lord, Lord McConnell, for securing this important debate today and for his most informed speech. I know he is passionate about his work on conflict prevention and resolution and on Malawi. I am sure he will agree with me...
I did say that India has the largest number of poor people; I also said that there is now an increasingly large number of very rich people who are not doing very much.
I did say that India has the largest number of poor people; I also said that there is now an increasingly large number of very rich people who are not doing very much.
We will work with India to encourage those very rich people to help the poor people but in the mean time we will focus on the three poorest states–Bihar, Madhya Pradesh and Orissa—and start to make a transition away from aid towards a partnership in which we will work together...
We will work with India to encourage those very rich people to help the poor people but in the mean time we will focus on the three poorest states–Bihar, Madhya Pradesh and Orissa—and start to make a transition away from aid towards a partnership in which we will work together...