Save the Children, New America Foundation
Financial inclusion and youth development practitioners are constantly challenged to scale the lessons from their work through policy change. This often involves an interplay between local, regional and national government, and is not necessarily straightforward or unidirectional. This session will explore how youth financial inclusion/education initiatives in Vietnam, India, and the US used project results to effect policy change at various levels of government. The session is designed to provide practitioners with a better understanding of how to translate project learnings into effective advocacy through an understanding of the often complex, opportunistic, and multilayered nature of the policy change process.
Consultative Group to Assist the Poor (CGAP), Financial Services Innovation (CFSI), Bankable Frontier Associates, Entrepreneurial Finance Lab (EFL Global)
Three trends in technology are revolutionizing finance and in particular our ability to include youth in the formal financial sector. They are: Mobility – or the ability to remain connected wherever we are; Ubiquity – where we all have access to high powered tools (software) and Big Data – where number crunching programs enable analysis at an unprecedented scale. Learn from representatives of leading financial inclusion programs on how they are using these three trends to lower costs, improve analytical ability, and raise funds from new areas – all to promote access to finance for youth in the US and overseas.
National Microfinance Bank-Tanzania, Women's World Banking
Who should be responsible for ensuring the financial inclusion of youth in the long term? Is it the private sector, public sector, or a combination of both? In this session, Women’s World Banking, the National Microfinance Bank in Tanzania and Xac Bank Mongolia will share their perspectives and experiences in developing robust, double bottom line youth savings and financial capability programs where banks have also collaborated closely with their governments in order to further advance the financial inclusion agenda. Come learn about their approaches, see what aspects of these models are replicable, and share your own perspectives!
Al Majmoua, Chemonics International, Making Cents International
Providing credit for youth is difficult in most contexts due to their relatively smaller amount of experience and access to markets. However, in many operating environments, additional challenges of rurality, conflict, and migration are also present, making the sustainable provision of credit and savings services more difficult still. Hear three youth-inclusive financial service providers discuss the techniques they’ve used to successfully serve youth in the challenging environments of Yemen, Lebanon and Afghanistan.
Youth everywhere face challenges as they transition into adulthood, and for youth in developing countries, these challenges can be even more intense. Access to financial services can help them smooth this transition and yet youth are often excluded from financial services, either by policy or prejudice. As youth mature and become heads of their households, they will need access to and a working knowledge of financial services to enable them to be productive members of their societies.
Center for Technology Innovation at Brookings
Evaluating progress toward adoption of affordable formal financial services matters because financial inclusion is a key ingredient in promoting household well-being and broader economic development.1 The first annual FDIP report and scorecard, published in August 2015, addressed fundamental questions regarding ways to advance inclusive finance, including 1) Do country commitments make a difference in progress toward financial inclusion? 2) To what extent do mobile and other digital technologies advance financial inclusion? and 3) What legal, policy, and regulatory approaches promote financial inclusion?
Chemonics International and Making Cents International
Expanding access to finance is a challenging endeavor. Add in conflict and the obstacles can seem insurmountable. Join Making Cents International and Chemonics International on a deep dive into two programs that are currently addressing those obstacles by focusing on mobile technologies, new opportunities for youth and women, and strong local partnerships. Arelis Gomez, Chief of Party of the USAID Colombia Rural Finance Initiative, and Omaid Deqati Rahimi, Banking Capacity Team Lead of the USAID Financial Access for Investing in the Development of Afghanistan will share their respective program’s methodologies, best practices, and lessons learned for youth inclusive financial services programming when conflict and uncertainty loom.
Making Cents International and Chemonics International
Jul 19, 2016 (09:00am to 10:00am)
Under the umbrella of the DREAMS Initiative of the US Government’s PEPFAR support in Kenya, ASPIRES is organizing short-term technical assistance for experts in the delivery of training and follow-on support in two areas: financial capabilities and entrepreneurship. The Training of Trainers for each topic will be delivered to 10 local implementing partners who are serving the DREAMS target population of adolescent girls and young women ages 10-24 who are HIV-vulnerable in Nairobi and Kisumu (Western) province.
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National League of Cities
A young person’s first job is a critical developmental step toward adulthood. A first job provides an opportunity for youth to engage with the financial system and also infuses earnings into the local economy. In cities across the nation, youth employment programs are the single most significant way that hundreds of thousands of teens are introduced to the working world each year. With municipal ingenuity as well as private sector and philanthropic support, some city leaders and partners have developed innovative, locally-financed summer employment programs in recent years. Related year-round programs complement summer efforts, typically for smaller numbers of youth.