Building a Future Together: Targeting Young Clients at Fundacion Paraguaya

Organization/Affiliation(s): 
Fundacion Paraguaya and Making Cents International
Resource Type: 
Publication Date: 
Sep 12, 2012

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. In addition, there is a common belief that young clients typically take smaller loans, which, makes them, as a group, less profitable than other client segments. But is this always the case?

 

Topic: 
Financial Inclusion
Regions: 
Latin America & the Caribbean
Tags: 
2012 GYEOC Resource
Financial Capability
Financial Literacy/Education
Microfinance
Savings
Youth