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.
The Center for Social Development leads the learning agenda for the YouthSave Initiative. YouthSave is designed to increase youth savings and related positive outcomes among low-income young people in developing countries, as well as develop on-going in-country capacities in both youth savings and research. The YouthSave learning agenda aims to produce critical knowledge from multiple perspectives to inform the design of savings products, services, and policies targeted for youth, and at the same time provide insight into asset building among youth and their families.
This report explores the current state of research on the topic of children and savings. It examines the models that Aflatoun promotes to encourage children’s savings and describes – through eight case studies – the best ways in which partners have generated or adapted these models to best serve the children in their program.
This annual report focuses on the theme of enterprise, and attempts to document the different ways that enterprise has been integrated in ten of Aflatoun’s programs. The cases show that enterprise is flexible and not prescriptive, and that it can be adapted to meet organizational needs and demands.
Washington University, Center for Social Development
Saving for Education, Entrepreneurship, and Downpayment (SEED) is a policy, practice, research, communication, and
market development initiative designed to test the efficacy of, and inform policy for, a national system of savings
and asset-building accounts for children and youth in the United States. SEED is implementing and studying
inclusive saving in the form of Child Development Accounts (CDAs), established as early as birth and ideally
lasting across the full life course for all Americans. This summary report on SEED is based on CDA experience
with over 1,171 children and their families in 12 states and communities.
YouthSave Initiative, Center for Social Development
This paper explores the potential of youth savings accounts (YSAs) as an intervention at the nexus of youth development and financial inclusion by reviewing: 1) current evidence on the potential effects of YSAs on these two development goals; 2) current trends in the state of practice on YSAs in developing countries, drawing out any implications for achieving these goals; and 3) what information is still needed before we can fully understand whether and how YSAs could actually achieve this dual potential.
Nick Cain, International Partnerships Manager for Vittana, discusses the dual roles of Vittana as an engine for developing financial products (student loans), and as a person to person funder via its website, vittana.org. Specifics of how “risk-tolerant” capital provided by individual social investors around the world provide the capital Vittana’s microfinance partners need for making student-centered education loans in the developing world is outlined with examples from actual students.
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.