The MasterCard Foundation and The Boulder Institute of Microfinance
As a follow-up to The MasterCard Foundation Symposium on Financial Inclusion held this past July in Turin, in association with the Boulder Institute of Microfinance, the 2014 Post-Symposium Report has been released, which highlights key sessions and takeaways from the event.
Private sector collaboration has provided to have many benefits as it can increase speed and cost efficiency of projects, alleviate capacity constraints, and add value to a project by providing diverse knowledge and expertise. In the drive to increase opportunities for formal employment for unemployed youth, NGOs have begun to collaborate with the private sector to create practical strategies in improving youth employment outcomes in projects.
From Asia to the Americas, mobile phone use is booming- especially among youth. But how-and when- will using mobiles in your youth workforce development projects contribute to your project's success? At the Workforce Development session "Going Mobile: Five Steps to Achieving Scale, Impact and Sustainability," at the 2014 Global Youth Economic Opportunities Summit, Jacob Korenblum, CEO and Co-Founder of Souktel Inc., outlines 5 easy ways to incorporate mobile and web applications into livelihoods project design, along with providing key steps for evaluating these tech-based interventions.
The Inter-American Development Bank partnered with public and private entities in Jamaica to build a new business hotel in the heart of Kingston. Through a shared value approach, the project surfaced employment for women-led SMEs and youth-at-risk. The objective of the project is for the Marriot to hire 5 percent of its labor force from local youth-at-risk as well as source fresh goods from up to 20 local SMEs, preferably women. While increasing the hotel's reputation, trust within the community will be built.
At the 2014 Global Youth Economic Opportunities Summit, Freedom from Hunger presents Increase Your Sales Mobile Guide which makes it possible for frontline workers with little or no literacy skills to deliver impactful business education sessions to group members in their communities.