snapshot of the publication
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UFT, MCF and UNCDF. Unused Section Space 1. Lengthier Education. ADA-RCPB-CIF. Briefer Education. Savings. Credit. Thanks. Snapshot of the Publication. Slides before 1st Section Divider. Youth Financial Inclusion: Promising Examples for Achieving Youth Economic Empowerment. - PowerPoint PPT PresentationTRANSCRIPT
Snapshot of the Publication
Thanks
UFT, MCF and UNCDF
Unused Section Space 1
ADA-RCPB-CIF
Slides before 1st
Section Divider
Savings Credit
Lengthier Education
Briefer Education
[email protected] www.e-mfp.eu
Youth Financial Inclusion: Promising Examples for Achieving Youth Economic
Empowerment
Luxembourg, 2012
[email protected] www.e-mfp.eu
Common themes that emerged
•Segmentation of youth according to age and life cycle status•Commitment of leadership and staff is key to success•Youth need a bundle of services•Strategic marketing to youth•Bringing services to where youth are•Engaging the broader community•Appropriate monitoring and evaluation•Seek sustainability and scale from the begining•Be aware of regulatory challenges and constraints
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Savings Credit
Lengthier Education
Briefer Education
NAATCO/Aflatoun
ADOPEM/XacBank
IRC Burundi VSLA
Uganda Finance Trust
KfW World Savings Day
SAT/YAP
Partner
Al Amal
MEDA-YouthInvest
RCPB-Cred’Art
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Credit for Young Artisans: Mali and Burkina Faso
Type of youth services Loans, entrepreneurship education and financial literacy
Age group served 20-35
Year youth program launched BF: 2008-2009 (pilot test); mid-2011 (extension and replication)Mali: 2010-2012 (pilot test)
Number of beneficiaries (direct) 451 (377 in Burkina Faso; 74 in Mali)
Number of beneficiaries (indirect) 374 (employees and apprentices in Burkina Faso)Data n/a for Mali
Youth savings volume 1,544,910 FCFA (€2,355) in Burkina Faso
Youth loan volume €266,891 in Burkina Faso€70,648 in Mali
Non-financial services model Unified
Partner organisations RCPB, Nyésigiso, Kafo Jiginew, ADA, CIF
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Delivering age appropriate savings products for youth
Type of youth services Savings, financial literacy and reproductive health
Age group served 12-17 (Teen Classic) and 18-24 (Youth Progress)
Year youth program launched 2009 with scale up in 2011
Number of beneficiaries 4,200 (60% female)
Youth savings volume €24,225
Youth loan volume N/A
Non-financial services model Unified
Partner organisations UN Capital Development Fund, The MasterCard Foundation and YSOs
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THANKS!
Benjamin Mackay ([email protected])Flavia Nakamatte ([email protected])Maria Perdomo ([email protected])