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.

 

The Annual Conference on Financial Education - March 29-31, 2017

ORGANIZER: 
The Institute of Financial Literacy
DATE: 
Mar 29, 2017 (All day) to Mar 31, 2017 (All day)

The Annual Conference on Financial Education promotes the effective delivery of consumer financial products, services and education by hosting a national event for professionals providing these services. The Conference is a showcase for financial education success stories, offering attendees proven strategies, tips and techniques to achieve intended outcomes, funding goals and program sustainability. Each year the conference is attended by 200 professionals representing credit unions, banks, K-12 education, higher education, social services, debt management, government, military and other industries.

Global Youth Development Index and Report, October 2016

Commonwealth Secretariat

With 1.8 billion people between the ages of 15 and 29, the world is home to more young people today than ever before. Close to 87 per cent of them live in developing countries. Young people make up approximately one quarter of humanity, but in many countries, especially in South Asia and Africa, one in three people is a young person. Demographic trends and projections make it clear that the proportion of young people in the global population is declining and it is predicted to fall below 20 per cent by 2075. The next few decades, therefore, are an unprecedented window of opportunity for the world, and developing countries in particular, to reap the promise of this ‘demographic dividend’.

Resource Type: 
Report

PRESENTATION: Rapid-Prototyping Challenge: Race to Create Youth Mobile Products, Sep 2016

Praekelt Foundation, Save the Children

Join your peers in a race to develop a prototype for a new mobile application to advance financial capability in this practical, results-driven workshop. Using personas and user journeys created by and with youth, each group will be supplied with a toolkit and guided by a Human Centered Design expert to develop a mobile financial inclusion prototype during the session. Through this process, participants will be introduced to the tools they need to use rapid prototyping techniques in their own work and become familiar with some of the most promising approaches for financial inclusion.

Resource Type: 
Presentation

BLOG: Rethinking the ‘Youth Are Not Interested in Agriculture’ Narrative, Oct 2016

Next Billion

In 2013, I interviewed a group of young people, staff and volunteers at a youth empowerment center in Kenya about their perceptions of agriculture as a livelihood. The interviews were part of a study driven by concerns about Kenya’s youth bulge, coupled with anecdotal evidence that the country’s youth had negative attitudes about working in the agricultural sector. The attitudes of the youth I interviewed were shaped primarily by the significant barriers they faced in accessing the capital needed to develop agriculture-based enterprises. Indeed, my findings pointed to the conclusion that the youth and agriculture problem runs deeper than the “youth are not interested” narrative.

BLOG: Financing for Young Farmers in the Republic of Moldova

The International Fund for Agricultural Development

Young women and men in rural areas of the Republic of Moldova are making good use of advantageous credit lines and other benefits offered by an IFADsupported project. Nineteen-year-old Anastasia Gilca is one of more than 700 women who have taken out a loan. She now runs her own profitable 3-hectare blackberry plantation. Following advice from her mother, Gilca started her business two years ago. When she heard about the youth entrepreneurship scheme run by the Rural Financial Services and Agribusiness Development Project, she signed up for training in business development, financial management and accounting.

REPORT: Enterprise Loans for Rural Youth in Yemen, Learning Report 2, Oct 2016

Making Cents International

With funding from the International Fund for Agricultural Development (IFAD) and in partnership with Silatech, Making Cents International implemented the IFAD Rural Youth Economic Empowerment Program (RYEEP), a three-year grant seeking to increase employment and self-employment of young people aged 15-35 in the Near East and North Africa (NENA) countries of Egypt, Yemen, Morocco and Tunisia. The program provided capacity-building and technical assistance to local institutions to pilot models delivering youth-inclusive financial service (YFS) and non-financial service (NFS) to rural youth and to the enterprises that employ them. By the program's end, RYEEP pilot projects delivered savings or credit services to 20,543 rural youth and non-financial services to 14,252 rural youth.

Resource Type: 
Report

REPORT: Youth-Inclusive Value Chain Finance in Tunisia - Learning Report 4, Oct 2016

Making Cents International

With funding from the International Fund for Agricultural Development (IFAD) and in partnership with Silatech, Making Cents International implemented the IFAD Rural Youth Economic Empowerment Program (RYEEP), a three-year grant seeking to increase employment and self-employment of young people aged 15-35 in the Near East and North Africa (NENA) countries of Egypt, Yemen, Morocco and Tunisia. The program provided capacity-building and technical assistance to local institutions to pilot models delivering youth-inclusive financial service (YFS) and non-financial service to rural youth and to the enterprises that employ them. By the program's end, RYEEP pilot projects delivered savings or credit services to 20,543 rural youth and non-financial services to 14,252 rural youth.

Resource Type: 
Report

REPORT: Start-up and Expansion Lending for Rural Youth in Tunisia, Learning Report 5

Making Cents International

With funding from the International Fund for Agricultural Development (IFAD) and in partnership with Silatech, Making Cents International implemented the IFAD Rural Youth Economic Empowerment Program (RYEEP), a three-year grant seeking to increase employment and self-employment of young people aged 15-35 in the Near East and North Africa (NENA) countries of Egypt, Yemen, Morocco and Tunisia. The program provided capacity-building and technical assistance to local institutions to pilot models delivering youth-inclusive financial services (YFS) and non-financial services to rural youth and to the enterprises that employ them. By the program's end, RYEEP pilot projects delivered savings or credit services to 20,543 rural youth and non-financial services to 14,252 rural youth.

Resource Type: 
Report

REPORT: Start-up and Expansion Lending for Rural Youth in Tunisia, Learning Report 5

Making Cents International

With funding from the International Fund for Agricultural Development (IFAD) and in partnership with Silatech, Making Cents International implemented the IFAD Rural Youth Economic Empowerment Program (RYEEP), a three-year grant seeking to increase employment and self-employment of young people aged 15-35 in the Near East and North Africa (NENA) countries of Egypt, Yemen, Morocco and Tunisia. The program provided capacity-building and technical assistance to local institutions to pilot models delivering youth-inclusive financial services (YFS) and non-financial services to rural youth and to the enterprises that employ them. By the program's end, RYEEP pilot projects delivered savings or credit services to 20,543 rural youth and non-financial services to 14,252 rural youth.

Resource Type: 
Report

REPORT: “Savings for Tomorrow” in Morocco-Learning Report 3, Oct 2016

Making Cents International

With funding from the International Fund for Agricultural Development (IFAD) and in partnership with Silatech, Making Cents International implemented the IFAD Rural Youth Economic Empowerment Program (RYEEP), a three-year grant seeking to increase employment and self-employment of young people aged 15-35 in the Near East and North Africa (NENA) countries of Egypt, Yemen, Morocco and Tunisia. The program provided capacity-building and technical assistance to local institutions to pilot models delivering youth-inclusive financial services (YFS) and non-financial services to rural youth and to the enterprises that employ them. By the program's end, RYEEP pilot projects delivered savings or credit services to 20,543 rural youth and non-financial services to 14,252 rural youth.

Resource Type: 
Report

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