Microfinance and Child Labour
Child labour remains a pressing concern in the world today. According to estimates from the International Labour Organization’s (ILO) International Programme on the Elimination of Child Labour (IPEC), there were 215 million children child labourers in 2008, almost two-thirds of whom, worked under hazardous conditions (ILO 2010b). Child labour, especially its worst forms, often causes severe physical harm for children and deprives them of their right to education. It is therefore banned under ILO Conventions No.138 (Minimum Age Convention) and No.182 (Worst Forms of Child Labour Convention), as well as the UN Convention on the Rights of the Child.