YouthStart, a UNCDF initiative established in partnership with The MasterCard Foundation, aims to increase access to financial services for low-income youth in sub-Saharan Africa, with an emphasis on savings and financial education. The programme helps to design, test and scale up sustainable services tailored to the needs of young people, while helping to create an enabling regulatory environment for young people to access the right financial and other services they need to make sound financial decisions, build a strong asset base, and create sustainable livelihoods for themselves.
MasterCard Foundation, Save the Children, New America Foundation, Center for Social Development, CGAP, Banco Caja Social, HFC, Postbank Kenya, Bank of Kathmandu
YouthSave is a consortium project led by Save the Children in partnership with the Center for Social Development at Washington University in St. Louis (CSD), the New America Foundation (NAF), CGAP (Consultative Group to Assist the Poor), and supported by The MasterCard Foundation. The YouthSave Consortium and its local partners - financial institutions and researchers - are committed to developing, delivering, and testing savings products accessible to low-income youth in Colombia, Ghana, Kenya, and Nepal.
This paper conducts a landscape assessment of organizations delivering or facilitating financial education programs, identifies the purpose of the financial education, reviews the associated curricula (when available), understands target groups, and analyzes content and delivery. These findings and recommendations are then used to inform future approaches on how to extend financial education to adolescent girls.
Center for Social Innovation, Stanford Graduate School of Business
In this audio interview with the Stanford Center for Social Innovation, Jeroo Billimoria talks about how her organization, Aflatoun, fosters childrens’ social and financial awareness. She discusses how the organization works with partners, ensures the quality of its curricula around the world, and works to move such curricula into mainstream schools. Billimoria also shares challenges, course corrections, and the organization’s vision for the next five years.
This paper discusses the impact of a workshop titled Finance for Youth: Financial Liberty through Financial Literacy, given under the UNESCO Participation Program for Biennium 2008-2009.The workshop was designed to empower a group of 33 youth from targeted low-income families in Malaysia
The Youth Economic Opportunities learning platform is the first community of practice and knowledge exchange portal developed by and for the youth economic opportunities sector. The online portal offers an open and innovative environment for collaborative and dynamic learning and knowledge sharing around the following technical areas and cross-cutting themes: Workforce Development, Financial Services, Enterprise Development, Gender, and Evaluation & Assessment. We are dedicated to: Connecting and sharing knowledge, experiences, and lessons learned; Exchanging the latest resources, jobs, and funding opportunities; and Impacting the world’s 1.8 billion young people.
Originally published in 2009 and updated in August 2011, this case study explores the role that Hatton National Bank (HNB), a prominent commercial bank in Sri Lanka, has played in providing financial services in rural areas and to vulnerable populations. HNB focuses on serving the youth through two programs: 1) establishing Student Banking Centres in schools and 2) targeting youth in rural areas in their village microfinance programs to receive both financial and non-financial services.