PIP: This article examines the impact of microfinancing schemes in West Africa and the role of the International Labor Organization (ILO) in their development. Microfinancing or microcredit schemes are meant to create the kind of jobs that can keep households severely hit by the economic crisis afloat. They affect not only the financial, but also the agricultural, crafts, financing of social economy, and social protection sectors of the society. Thus, they contribute to improved access to basic social, health and family planning services and to drinking water. The challenge then, is for institutes to adopt microfinancing and to reach out to more than 100 million families in the region. To realize this, nongovernmental organizations are setting up as veritable microfinancing institutions, which are able to realize the resulting benefits so as to be economically viable. In the context of its role in the development of microfinancing schemes, ILO manages a portfolio of technical cooperation and research projects aimed at identifying and removing constraints in the access to credit, savings, insurance, and other financial services through its Social Finance Unit. In addition, ILO is promoting women's entrepreneurship through the International Small Enterprise Programme and the International Programme on More and Better Jobs for Women.