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.
Equity Bank-Uganda and Banyan Global have partnered in Uganda to develop an innovative education loan product that bridges the financial gap for nursing students ages 17-24, who are enrolled at the Mayanja Memorial Training Institute for nurses in Mbarara, Uganda.
This case study explores the work of Padakhep, a non-government organization (NGO) which provides both non-financial (vocational training, psychological counseling, etc.) and financial (credit and savings) services in their effort to improve the lives of street children in Dhaka, Bangladesh.
The following evaluation tool and supplemental questionnaire are designed to guide financial institutions in identifying their strengths and weaknesses as they relate to developing and implementing youth financial services. They were developed in consultation with youth-inclusive financial services (YFS) practitioners whose collective experience provides an in-depth look at YFS around the globe.
CFI's recent work on demography is part of the Financial Inclusion 2020 project, which explores what the next decade will bring in terms of progress on financial inclusion and ultimately asks: could we achieve financial inclusion by the end of the decade? According to Rhyne, one of the inexorable forces that is going to shape financial inclusion over the next decade is population change in developing countries.
As part of the Nike Foundation’s global initiative to empower adolescent girls, Microfinance Opportunities and three grantee organizations together designed and tested an innovative programming model that combines financial education, savings, and social support. The underlying idea is that by combining financial education with savings mechanisms and social support, girls will develop the knowledge, skills, and attitudes to manage money well, and gain the ability and opportunity to apply this knowledge in the real world. They also will build social and economic assets that enable girls to reduce risks and take advantage of opportunities now and in the future.
Originally written in 2010, this 2012 case study details the Equity Bank's experience developing youth-friendly financial services in Kenya. Considering the extent of Kenya’s growing youth population, Equity has had to learn to quickly scale-up its financial and non-financial services through a variety of innovative and youth oriented strategies, including increase of and training for staff and mobile banking service delivery channels.
Originally published in 2009, this case study was updated in 2012, and details how Women‟s World Banking helped its network member, XacBank of Mongolia, design and roll out savings products and financial education programs for girls ages 14 to 17.
This publication presents a dozen case studies that illustrate the range of approaches e-MFP members and partners are using to provide fi nancial and non-fi nancial services to youth. Examples from a variety of geographic, socioeconomic and regulatory contexts in Africa, Asia, South-East Europe, Latin America and the Middle East have been included. Certain programs represented in these cases cater to youth under 18 whereas others address only those aged 18 and above. The majority of the programs described here offer services to both younger and older youth.
As a result of collaborative input, case studies, and discussions with practitioners from financial services providers and youth-serving organizations, Making Cents International has identified six emerging guidelines.
Given the increasing youth population in developing countries, the high levels of youth unemployment and limited economic opportunities for youth, governments are increasingly looking for proactive approaches to help youth realize their full economic potential. Increased access to financial services and increased financial capability to use those services effectively to invest in their education, enterprises, and futures may provide that beacon. Yet youth face many barriers in accessing financial services, including restrictions in the legal and regulatory environment, inappropriate and inaccessible products and services and low financial capability. The public policy opportunity—and imperative—is evident.