This case study examines the challenges that Save the Children and Fondation Zakoura Micro-Crédit (Zakoura) faced in implementing a USAID-funded financial services program for youth. It examines the institutional, local market, and programmatic difficulties encountered.
From 2006–2009, Save the Children and Zakoura partnered to implement a youth financial services and livelihoods promotion project called Linking Youth with Knowledge and Opportunities in Microfinance (LYKOM). The program included financial and business literacy training, savings promotion, and access to credit for youth businesses. LYKOM faced many program level challenges in areas such as human resources, institutional frustrations, partnership, communication, and the enabling environment. Lessons learned about youth financial services include:
Entrepreneurship training is important for many, but not all youth;
Young people need support in developing realistic goals and growth plans;
Family engagement is critical;
MFIs may need to adjust staffing structures to effectively provide youth services;
Latin America and the Caribbean are characterized as a young region. Young people in Latin America and the Caribbean, as in the rest of the world, are increasingly engaged, becoming leading social actors seeking to play a more active role in charting the future course of their communities and countries. In terms of the critical demographic mass that this population segment represents, young people are a source of great potential and energy for development.
The Atlas Corps Fellowship is a 12-18 month professional fellowship offered three times a year for nonprofit leaders from around the world. Fellows serve full-time at Host Organizations located either in the United States or Latin America working on issues that complement their expertise. Fellows develop their leadership skills while sharing best practices and supplement daily knowledge with theoretical topics presented in the Atlas Corps Nonprofit Management Series.
The ILO Youth Employment Programme is organizing a photo contest to shed light on youth employment issues, the challenges young people face in the workplace as well as their power to overcome them.
The ILO Youth Employment Programme is launching a photo contest focusing on young people at work. The photo contest has been organized in partnership with the ILO Decent Work Technical Support Team and Country Office for Central and Eastern Europe in Budapest, and financed by The MasterCard Foundation.
Global Entrepreneurship Week, the Kauffman Foundation and Endeavor Brazil
Mar 18, 2013 (All day) to Mar 21, 2013 (All day)
The Global Entrepreneurship Congress is an inter-disciplinary gathering of startup champions from more than 130 countries interested in sharing ideas with one another on how best to help new and young firms flourish in their countries. The 2013 Congress takes place from March 18 – 21, 2013, in Rio de Janeiro, Brazil with core sessions and an assortment of fringe events all taking place at the Rodrigo de Freitas Lagoon.
This report is the first from Financial Inclusion 2020's Mapping the Invisible Market project, which examines major trends that are instrumental in the world achieving full financial inclusion by the year 2020. The report discusses how many developing countries are entering a period called "the Demographic Window," which presents a unique opportunity for economic development, but requires the right policies in place to improve labor productivity and prepare for an aging population as countries shift out of the "window" period later on.