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.
Presented by Jared Penner of CYFI, under the Financial Services and Capabilities track at the 2012 GLobal Youth Economic Opportunities Conference, the 18th CCEM – Post Secondary Education Forum showcases examples of youth-inclusive programming that have successfully responded to the needs of youth within the constraints of the regulatory framework. Also highlighted are instances where synergies between public and private stakeholders led to effective youth-inclusive policies and programs.
Fundacion Paraguaya and Making Cents International
Building a Future Together: Targeting Young Clients at Fundacion Paraguaya was presented under the Financial Services and Capabilities track at the 2012 Global Youth Economic Opportunities Conference. The possibilities for a long-term relationship with a huge new market of under-banked clients is perhaps one of the most compelling reasons to enter the youth market. Relatively few MFIs target youth or provide them with microloans. Usually, youth clients are considered riskier because they are less experienced in business.
What are the Goal Posts? In Search of a Business Case for Youth Financial Services was presented under the Financial Services and Capabilities track at the 2012 Global Youth Economic Opportunities Conference. As the youth financial services industry continues to grow, key stakeholder groups are increasingly examining issues of sustainability and whether a business case exists for offering products to young people.
Reaching Sustainability: A Case Study was presented under the Financial Services and Capabilities track at the 2012 Global Youth Economic Opportunities Conference. Enlace, along with CRS examine the financial sustainability of Enlace's youth products and developed a plan to reach sustainability within one to one-and-a-half years, using a combination of the following activities: recruiting more youth clients into savings groups, increasing the number of external loan clients in the saving groups, and increasing loan amounts.
Bridging the Gap: The Business Case for Financial Capability was presented on the Financial Services and Capabilities track at the 2012 Global Youth Economic Opportunities Conference by Jasmine Thomas of Citi Foundation. This paper is an attempt to begin to survey the evidence base on the scope of the financial capability issue, the different financial education models that are being tried and the economics of various leading and emerging approaches.
Presented on the Financial Services and Capabilities track at the 2012 Global Youth Economic Opportunities Conference, Joshua Wright and Alexandra Fiorillo provide three case studies (The Bank on DC Program, College Savings, and Pregnancy Loan) related to behavioral economics.
Applying Behavioral Economics Insights to the Design of Savings Products was presented on the Financial Services and Capabilities track at the 2012 Global Youth Economic Opportunities Conference. Why is it so difficult to save, eat fewer calories, exercise regularly, and accomplish the various other goals that we put on our New Year’s resolution list? Most would cite lack of discipline. That’s definitely one of the key barriers, but behavioral economics suggests many others obstacles, particularly for savings.
United Nations Capital Development Fund (UNCDF), YouthSave
UNCDF launched YouthStart in 2010 in response to the lack of opportunities for the growing population of young people around the world, especially in Africa. To improve financial inclusion of youth, YouthStart supports strong financial service providers (FSPs) in developing, piloting and rolling out financial products focused on low-income youth—with a special focus on savings—and non-financial services (NFS) such as financial education.
Access the 2012 Global Youth Economic Opportunities Conference program. This year's conference showcases 60 sessions and 120 world-class speakers from 25 countries with a special cross-cutting spotlight on technology.
Over the past decade banks have been forced to look for new revenue streams as new business models, technological innovations and non-traditional competition have transformed the banking landscape. Amidst all this change, a new generation has come knocking on their doors. They are in the age group of 18 to 30 years – and often called Gen-Y or the millennials.