FULL LIST OF FINANCIAL INCLUSION

Globally, Young people access financial services at roughly half the rate of adults.  According to the World Bank’s Global Findex database, youth are 40% less likely to save at banks and 60% less likely to have borrowed.[1]  Without these services, young people have fewer means to manage their assets, invest in education, or grow businesses.  In response, youth inclusive financial services programs are working with regulators, financial services providers, and informal savings group promoters to increase young people’s access to appropriate savings, credit, payment, and insurance products.  At the same time, recognizing that youth often lack the knowledge or experience to use services effectively, programs are offering financial education and life-skills training and information to boost financial capability. 

Over the past three years there has been a growing awareness of the importance and viability of finance for youth among service providers.  However, overall access has not changed significantly, with the proportion of youth savings and borrowing formally barely changing.  In response, youth-inclusive practitioners are looking more closely at the potential of new technologies to boost access and capability - at digital payments and mobile wallets to lower the costs of providing services, “big data” to help banks understand the youth market and reduce the risk of lending, and smart phones to offer new convenient and inexpensive means to teach financial education to youth.  At the same time, there is renewed interest in old technologies such as savings groups to expand access to youth.  Through these new and old technologies, practitioners are working to boost financial inclusion significantly among youth.

 

Household Matters: Revisiting the Returns to Capital among Female Micro-entrepreneurs

Abdul Latif Jameel Poverty Action Lab (J-PAL)

Despite the prevalence of female entrepreneurs in developing countries, recent research suggests that women do not benefit from loans and grants in the same way that men do, leading to questions about the value of offering financial services to female entrepreneurs. Researchers re-examined data from previous studies in Ghana, India, and Sri Lanka to measure the impact of credit and cash grant variations on micro-enterprise profits in households where women were the only entrepreneurs and in households where other members also had a business.

To Help Youth Succeed Financially, We Have to Hear Them Out First

Citi Foundation, Microfinance Gateway

Opening doors to economic opportunity requires keys.

But how often do we pause to ask our young people about what keys they need to succeed?

Well, the Citi Foundation asked. Through our 2017 Global Youth Survey, conducted by Ipsos, we gauged the economic prospects of 7,000 youth in 43 global cities. We wanted to understand, if given the platform to express themselves, what would young people say about what is needed to help them advance in today’s economy?

Life Skills in Hard Places: The Youth L.E.A.D. Experiential Learning Technique for Life Skills and Financial Capabilities

Glasswing International, Citi Foundation

Youth in Central America face overwhelming challenges. In addition to poorly funded schools, inadequate access to secondary and tertiary education, and limited opportunities for employment, youth in El Salvador also confront epidemic levels of violence and a gang problem that challenge their day to day decision making process.

Growing Up Banked: Serving Youth throughout Their Lives

Women's World Banking, Diamond Bank

What happens when youth age out of the financial products they have taken up? Without successful migration strategies, the oft-discussed social and business case for youth propositions cannot be realized.

Agricultural Value Chains and Their Potential for Youth Employment in Fragile and Conflict-Affected Contexts

The European Centre for Development Policy Management (ECDPM)

As agriculture is one of the most promising sectors in most fragile and conflict-affected environments, this article explores some of the key challenges and obstacles agricultural value chain development poses for youth employment.

A Global Desk Review of Financial Education’s Contribution to Girls’ Economic Empowerment

Aflatoun International

This global review is part of the thought leadership component of the Credit Suisse Financial Education for Girls (CSFEG) program. The purpose of this work is to provide recommendations regarding the design, implementation and research on programs for adolescent girls aged 10 to 18 that aim to contribute to their economic empowerment by containing a financial education component. Presented here are the findings from research into selected, highlighting key financial education program models.

WEBINAR: #BankTheYouth Webinar on Safer Payment Guidelines for Minors

ORGANIZER: 
Child and Youth Finance International (CYFI)
DATE: 
Jul 6, 2017 (09:00am to 10:00am)

Child and Youth Finance International (CYFI) and the United Nations Capital Development Fund (UNCDF) have partnered on a #BankTheYouth Campaign to raise awareness and stimulate activity around financial inclusion and financial capability for children and youth around the world.

4,300 Moroccan Youth Find Opportunities and a Way out of Illegal Child Labor

Creative Associates International

When Laila was 15 years old, she had to leave school to help support her family by selling small goods on the streets of Marrakech. It was grueling work and she lived in fear of violence or assault.

What Does the Future Hold for Youth Savings in Ethiopia?

CGAP

A common criticism of international development work is that it is unsustainable. Grant funding dries out, the international development agency leaves, and the program or services offered phase out. What would a financial products and services program aimed at sustainability look like? A recently concluded project in Ethiopia is a promising illustration.

Financial Inclusion for Adolescent Girls – Strategic Insights from Burundi

SEEP Network

Using examples from Burundi, CARE’s POWER Africa (Promoting Opportunities for Women's Economic Empowerment in Rural Africa) team shares how innovative, community-led conflict resolution creates a foundation for sustainable and inclusive gender equality, contributing to social and financial advancement of the entire community.

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