CEO of the K-Rep Group, Kimanthi Mutua, discusses the two youth financial products offered: Youth Enterprise Support for new entrant entrepreneurs in Kenya aged 18-35, and Go Girl, which provides savings accounts to vulnerable adolescent girls as a means to develop financial knowledge and discipline.
Beth Porter, policy coordinator for financial inclusion at UNCDF, discusses her work developing UNCDF’s capacity in policy arenas for financial inclusion. The urgent need for equipping youth with the appropriate tools to take advantage of existing opportunities is emphasized, as is the importance of access to the broad range of financial services (insurance, savings, credit, payments etc.) that financial inclusion encompasses.
Ali Faroun, Director of Consumer Relations and Market Conduct at the PMA, discusses the financial education initiative headed under his departments within the PMA and in cooperation with ESAF to raise the knowledge and understanding of financial products and services among Palestinians, especially in rural settings.
Ben Shell shares key lessons learned regarding the development of a youth savings product for girls between the ages of 7 and 24 in Mongolia. Specifically, Ben highlights the ways in which Women’s World Banking adapted their market research tools to be more youth friendly and the role that appropriate marketing plays when developing financial products for young people.
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