This annual report focuses on the theme of enterprise, and attempts to document the different ways that enterprise has been integrated in ten of Aflatoun’s programs. The cases show that enterprise is flexible and not prescriptive, and that it can be adapted to meet organizational needs and demands.
Washington University, Center for Social Development
Saving for Education, Entrepreneurship, and Downpayment (SEED) is a policy, practice, research, communication, and
market development initiative designed to test the efficacy of, and inform policy for, a national system of savings
and asset-building accounts for children and youth in the United States. SEED is implementing and studying
inclusive saving in the form of Child Development Accounts (CDAs), established as early as birth and ideally
lasting across the full life course for all Americans. This summary report on SEED is based on CDA experience
with over 1,171 children and their families in 12 states and communities.
PAJE-Nièta (Projet d’Appui aux Jeunes Entrepreneurs or Support to Youth Entrepreneurs Project) is a five-year youth development initiative funded by USAID/Mali’s Basic Education and Accelerated Economic Growth divisions. The project works to provide 10,000 rural, out-of-school youth with improved basic education, work readiness and technical training, social and leadership development, and accompaniment towards livelihood activities. Nièta means "progress" in Bambara, a Malian language.
YouthSave Initiative, Center for Social Development
This paper explores the potential of youth savings accounts (YSAs) as an intervention at the nexus of youth development and financial inclusion by reviewing: 1) current evidence on the potential effects of YSAs on these two development goals; 2) current trends in the state of practice on YSAs in developing countries, drawing out any implications for achieving these goals; and 3) what information is still needed before we can fully understand whether and how YSAs could actually achieve this dual potential.
The Iraqi Youth Initiative is a new private sector initiative designed by the U.S. Agency for International Development to create employment opportunities for young Iraqis was initiated this week by the USAID-Tijara Provincial Economic Growth Program. The project hopes to expose young Iraqis living in underserved or impoverished areas to essential business skills and entrepreneurial opportunities.
Nick Cain, International Partnerships Manager for Vittana, discusses the dual roles of Vittana as an engine for developing financial products (student loans), and as a person to person funder via its website, vittana.org. Specifics of how “risk-tolerant” capital provided by individual social investors around the world provide the capital Vittana’s microfinance partners need for making student-centered education loans in the developing world is outlined with examples from actual students.
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.
David Mukaru of Equity Bank outlines the tremendous opportunity for reaching out to 75% of Kenya’s population, youth under 30. In addition to describing the challenges and adaptations Equity Bank underwent to better reach and serve youth, David outlines the business case for offering youth-inclusive financial products by outlining the benefits youth bring to product development and laying the foundation for long-lasting relationships.
The Empowerment and Livelihood for Adolescents (ELA) programme started in 2008 and is already making a difference in the lives of vulnerable Ugandan teenage girls and young women. Organised into 690 clubs for 13 to 22 year olds, the programme provides a safe place for them to socialise and take part in group activities as well as a forum for life-skills training. Many of the older members who are out of school have taken training in income-generating skills. Near the end of 2009, some began receiving microfinance loans and have launched their own businesses.
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.