Demand-Driven Training for youth employment programs build job-relevant skills valued by employers and useful for self-employment by offering both pre-employment skills development and some form of on-the- job training.
Founder and CEO of Al-Amal Microfinance Bank, Mohamed s. Al-Lai provides a brief overview of the bank, the first in the region to target women and children with savings and loan products. Mohamed addresses identification and collateral challenges the bank had to overcome working with women and youth. Special consideration is given to challenges overcome within the bank, such as youth-training and a redefinition of the notion of risk.
CEO of the K-Rep Group, Kimanthi Mutua, discusses the two youth financial products offered: Youth Enterprise Support for new entrant entrepreneurs in Kenya aged 18-35, and Go Girl, which provides savings accounts to vulnerable adolescent girls as a means to develop financial knowledge and discipline.
David Mukaru of Equity Bank outlines the tremendous opportunity for reaching out to 75% of Kenya’s population, youth under 30. In addition to describing the challenges and adaptations Equity Bank underwent to better reach and serve youth, David outlines the business case for offering youth-inclusive financial products by outlining the benefits youth bring to product development and laying the foundation for long-lasting relationships.
Beth Porter, policy coordinator for financial inclusion at UNCDF, discusses her work developing UNCDF’s capacity in policy arenas for financial inclusion. The urgent need for equipping youth with the appropriate tools to take advantage of existing opportunities is emphasized, as is the importance of access to the broad range of financial services (insurance, savings, credit, payments etc.) that financial inclusion encompasses.
Ali Faroun, Director of Consumer Relations and Market Conduct at the PMA, discusses the financial education initiative headed under his departments within the PMA and in cooperation with ESAF to raise the knowledge and understanding of financial products and services among Palestinians, especially in rural settings.
Ben Shell shares key lessons learned regarding the development of a youth savings product for girls between the ages of 7 and 24 in Mongolia. Specifically, Ben highlights the ways in which Women’s World Banking adapted their market research tools to be more youth friendly and the role that appropriate marketing plays when developing financial products for young people.
This article makes the case that nonfinancial support should be recognized as an alternative to traditional types of collateral and guarantee to expand access to startup capital for young entrepreneurs.
This paper provides a brief summary of what is known about youth workers, why investments in this workforce matter, and what funders can do to spark and support these investments. The authors set the stage for discussions about how funders can support workforce development through strengthening and expanding youth development programs and systems.
This fact sheet is part of a collaborative effort of the Inter-Agency Network for Youth Development, coordinated by
the United Nations Programme on Youth. It was done as part of a series of fact sheets to support the International
Year of Youth. It provides an overview of why investing in youth should be a concern, as well as UN commentary
on the issue.
Youth in at-conflict countries have often been involved both as victims and perpetrators of violence, responding to war and its effects in different ways. Not all individuals directly affected by conflict will develop long-term stress-related symptoms. However, those who do may be greatly and possibly even permanently affected, which limits the ability to find and keep a job. In turn, productive employment may contribute to the recovery of affected individuals and reduce the likelihood of their being drawn into future violence, thereby contributing to stability and peace building.