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All this week Ladies’s World Banking has been specializing in our youth financial savings work in honor of Worldwide Youth Day 2013. To cap it off, we’d wish to share our in depth and interactive information for deposit-taking microfinance establishments seeking to supply or enhance a youth financial savings program for his or her market.
“Banking on Youth: A Information to Creating Modern Youth Financial savings Progams” presents Ladies’s World Banking’s strategy to designing, implementing, and evaluating youth financial savings applications, based mostly on its expertise offering technical help on applications launched at three monetary establishments in three international locations, in addition to the experiences of further establishments in Ladies’s World Banking’s community. This doc additionally attracts from Ladies’s World Banking’s “Advertising and marketing for Microfinance” publication, as most of the matters are relevant to youth financial savings.
Ladies’s World Banking sees probably the most worth in youth financial savings applications that construct monetary functionality, and thus include a:
- Youth-controlled or inclusive financial savings account,
- Built-in, action-oriented, and ongoing monetary schooling,
- A youth-friendly advertising and outreach technique, and
- Institutional alignment to serve youth.
This publication relies on these primary tenets.
Each monetary establishment has its personal institutional strengths and weaknesses, positioning out there, targets for the longer term and different traits that collectively make its scenario distinctive. This publication presents a common set of processes that may require tailoring to satisfy the distinctive wants and circumstances of your monetary establishment.
We hope that you simply use this information as your establishment strikes to increase monetary inclusion to low-income youth. We’d additionally love to listen to any feedback or suggestions you might have relating to the information, particularly the way you utilized it to your distinctive establishment or any recommendations for enchancment.
This submit is a part of a Youth Financial savings collection Ladies’s World Banking is publishing in honor of Worldwide Youth Day 2013.
Different posts on this collection:
“Celebrating Worldwide Youth Day with a take a look at Youth Financial savings Applications,” August 12, 2013
“What do ladies need?” August 13, 2013
“Mía! Ladies save for the longer term within the Dominican Republic,” August 14, 2013
“Lenege! Eager about tomorrow for youth in Ethiopia and past,” August 15, 2013
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