Making Cents International's Collaborative Learning and Action
Sep 10, 2013 (All day) to Sep 12, 2013 (All day)
The annual Global Youth Economic Opportunities Conference is the premier learning event for practitioners, policy-makers, funders, private sector companies, technical assistance providers, researchers, educators, government representatives, and youth leaders working to increase economic opportunities for young people.
This case study describes the Kishoree Kontha (Adolescent Girls’ Voices) Project implemented by Save the Children in 5 sub-districts of southern Bangladesh. The goal of this intervention is to link savings schemes with other non-financial services, such as health and education, to allow rural adolescent girls ages 10-19 to build human, social and economic assets. Save the Children uses tailored youth-inclusive market research tools to develop and effectively deliver appropriate financial and non-financial products and services.
Through the Savings and Economic Empowerment grant, funded by the Nike Foundation, MFO formed innovative partnerships to support three grantees in five countries to develop financial education materials that will reinforce savings behaviors and savings products for adolescent girls. If adolescent girls and young women have access to high quality, low cost savings accounts, supported by financial education, not only will their propensity to save increase, but their attitudes towards and management and use of money will undergo a lifelong change.
This case study, originally published in 2009 and updated in August 2011, describes the central role that PMPC’s partnerships with schools had in the highly targeted marketing campaign that proved an effective tool for growing membership, promoting a culture of savings at a young age, and delivering much-needed financial services to underserved youth populations. As a result of PMPC’s efforts, the cooperative has reached 12,175 youth savers (7,542 youth savers, 4,032 power teen savers and 601 Aflatoun savers) with a youth savings portfolio totaling more than US$196,000.Originally published in 2009, this case study was updated in August 2011.
This case study focuses on the BRAC initiative in Bangladesh known as the Employment and Livelihood for Adolescents (ELA) program, which offers both credit and savings services to adolescent girls. To help break the traditional lifestyle which characterizes adolescent girls' lives of early marriage and unwanted pregnancies, BRAC began offering financial services to adolescent girls with the goal of fostering financial independence to play a key role in empowering adolescent girls.
This case study explores the work of Padakhep, a non-government organization (NGO) which provides both non-financial (vocational training, psychological counseling, etc.) and financial (credit and savings) services in their effort to improve the lives of street children in Dhaka, Bangladesh.
As part of the Nike Foundation’s global initiative to empower adolescent girls, Microfinance Opportunities and three grantee organizations together designed and tested an innovative programming model that combines financial education, savings, and social support. The underlying idea is that by combining financial education with savings mechanisms and social support, girls will develop the knowledge, skills, and attitudes to manage money well, and gain the ability and opportunity to apply this knowledge in the real world. They also will build social and economic assets that enable girls to reduce risks and take advantage of opportunities now and in the future.
Originally published in 2009, this case study was updated in 2012, and details how Women‟s World Banking helped its network member, XacBank of Mongolia, design and roll out savings products and financial education programs for girls ages 14 to 17.
This publication presents a dozen case studies that illustrate the range of approaches e-MFP members and partners are using to provide fi nancial and non-fi nancial services to youth. Examples from a variety of geographic, socioeconomic and regulatory contexts in Africa, Asia, South-East Europe, Latin America and the Middle East have been included. Certain programs represented in these cases cater to youth under 18 whereas others address only those aged 18 and above. The majority of the programs described here offer services to both younger and older youth.
EPAG Impact Evaluation: Preliminary Midline Results was presented under the Adolescent Girls and Young Women Track at the 2012 Global Youth Economic Opportunities Conference. This presentation examines how to make school-to-work programs more “girl friendly”
throughout the project cycle and discuss what works in adolescent girl programming.