Unlocking Migration Through Finance
A Loan Product to Make Language Learning Accessible for Aspiring Migrants
Elicia Carmichael
Director of Financial Solutions & Corporate Partnerships
LaMP
Prerna Choudhury
Manager
LaMP
Innovation Financing for Migration Lending: A Summary
Even as India and Germany work towards strengthening their migration and mobility partnership, addressing the challenge of making prospective candidates, developing foreign language skills remains key. However, for candidates to achieve the desired level of language fluency requires substantial financial investment - an area that does not enjoy the support of appropriate financial instruments. Lending for migration remains a category that is non-existent for commercial lenders.
Labour Mobility Partnerships (LaMP), in collaboration with KOIS, has designed an innovative financial solution to unlock financial inclusion for prospective migrants who strive to develop careers in trade and service sectors abroad. The solution, structured to extend guarantee support to lenders, addresses the various challenges associated with migration lending and structures a guarantee backed facility, that aims to mitigate perceived credit risk for lenders.
To know more about this innovative solution, click here.
KOIS is a leading international impact investment and innovative finance advisory firm, that turns projects with high societal & environmental impact into tangible investment propositions for public & private sector clients.
It's key activities include:
- Innovative finance research: Searching and developing innovative solution to todays’ global challenges.
- Innovative impact finance product structuring: Driving forward market development in previously underexplored subsectors.
- Impact asset management: Stimulating impact investment market expansion.
- Social investment strategies design: Contributing to creating partnerships between social businesses and corporations.
Labor Mobility Partnerships (LaMP) drives transformative change in labor migration, pioneering practical solutions that connect workers from countries with job scarcities to opportunities in high-income and aging societies. By partnering with businesses, governments, and funders, LaMP innovates in both practice — deploying financial and technological solutions and building robust migration systems, and policy — advocating for supportive frameworks and replication of successful models.
In partnership with foundations and institutions like the Western Union Foundation, Schmidt Futures, USAID, IOM, GIZ, and others, LaMP is committed to lifting millions from poverty and shaping the future of global labor mobility.