“Youth are the strength of a nation.” Says Monalisa Mbise, participant in SNV’s Opportunities for Youth Employment (OYE) program in Tanzania. When observing the power and potential of youth, it’s hard to face that worldwide 74 million young people are unemployed. In the countries where OYE operates, Tanzania, Rwanda, and Mozambique, unemployment rates for youth are 2 to 3 times higher than those for adults, with an even higher rate of unemployment among young women.
Making Cents International
Did you know that whilst almost half of young people in sub-Saharan Africa say they save, 80% do not have a bank account? Young people aren’t a target of traditional savings groups either; a survey in 2013 found that of 103 organizations that promote savings groups in 43 countries, only 22% include youth or child-focused groups.
Did you know that whilst almost half of young people in sub-Saharan Africa say they save, 80% do not have a bank account? Young people aren’t joining traditional savings groups either; a survey in 2013 found that of 103 organisations that promote savings groups in 43 countries, only 22 per cent include youth or child-focused groups. Banking on Change, a partnership between Barclays, Plan International UK and CARE International UK, set out in 2013 to find out why don’t young people join savings groups, and is it worth investing in them?
Barclays, CARE International UK, Plan UK
Banking on Change is currently one of the largest programmes working with youth savings groups (YSGs). In Phase 1 of the programme, from 2009 to 2012, the focus was on savings groups more broadly; in Phase 2 we have focused on YSGs in Egypt, Ghana, India, Kenya, Tanzania, Uganda and Zambia. Between June 2013 and December 2015 the programme established 11,725 YSGs with over 245,000 members, of whom 132,000 are under 25 and two-thirds are women.
Center for Strategic and International Studies
Fellows will have the opportunity to meet with senior level leaders in the U.S. Government, NGOs, international financial institutions, foundations, and others working on global food security. The program will foster relationships between young agricultural entrepreneurs from countries in which the U.S. has major agricultural programs and U.S. policymakers, private sector leaders, academics, and other stakeholders in agricultural development.
Atlas Service Corps, Inc.
Atlas Corps seeks nonprofit/NGO professionals from around the world to apply for Fellowships in the U.S. Atlas Corps engages leaders committed to the nonprofit sector in 6-18 month, professional fellowships at organizations to learn best practices, build organizational capacity, and return home to create a network of global leaders. Fellows serve at Host Organizations working on issues that complement their expertise. This prestigious fellowship includes a living stipend to cover basic expenses (food, local transportation, and shared housing) and health insurance.
I’m passionate about the power of financial inclusion – particularly the financial inclusion of young people.
Why? Globally young people are disproportionately financially excluded for a myriad of often complex reasons. One illustration of this exclusion was highlighted by the World Bank’s Findex data released earlier this year, showing that in Sub Saharan Africa just 20% of young people have a bank account compared to 33% of adults.
Economics Student Association of Universitas Gadjah Mada
The International Challenge on Economics Ideas (ICEI) is an international essay competition aimed towards undergraduate students from all over the world. ICEI is a nonprofit annual event that is organized by the Economics Student Association of Universitas Gadjah Mada (UGM). All participants are expected to elaborate on the theme of “Financial Policy to Create Economic Sustainability”. Since 2006, ICEI has inspired many people to voice their thought via writing, impressing even the judges with the ideas of participant’s essay.
SEEP Network, MasterCard Foundation
The United Nations Population Fund reports that there are 1.8 billion young people between the ages of 10 and 24, with 89 percent of them residing in less-developed countries (2014). In Sub-Saharan Africa, minors often account for more than 50 percent of a country’s population.
Moreover, by 2050, the world’s population will increase by 2 billion, an increase of 28 percent, all of whom will require access to health and education services, and eventually to jobs and self-employment opportunities.
Originally posted on the MasterCard Foundation Blog.
Gatete is an 18-year-old man from the market town of Naivasha, Kenya. Gatete attends school far from home and lives with his cousins who act as his guardians because his parents are very poor. His uncle pays his school fees. Gatete is in the fourth level of high school and hopes to attend university after completing his secondary education.