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 prefer to share our in depth and interactive information for deposit-taking microfinance establishments seeking to provide 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 packages, primarily based on its expertise offering technical help on packages launched at three monetary establishments in three nations, 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 lots of the matters are relevant to youth financial savings.
Ladies’s World Banking sees essentially the most worth in youth financial savings packages that construct monetary functionality, and thus encompass a:
- Youth-controlled or inclusive financial savings account,
- Built-in, action-oriented, and ongoing monetary training,
- A youth-friendly advertising and marketing and outreach technique, and
- Institutional alignment to serve youth.
This publication is predicated on these primary tenets.
Each monetary establishment has its personal institutional strengths and weaknesses, positioning available in the market, objectives for the long run and different traits that collectively make its scenario distinctive. This publication presents a common set of processes that may require tailoring to fulfill 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 could have concerning the information, particularly the way you utilized it to your distinctive establishment or any ideas for enchancment.
This put up is a part of a Youth Financial savings sequence Ladies’s World Banking is publishing in honor of Worldwide Youth Day 2013.
Different posts on this sequence:
“Celebrating Worldwide Youth Day with a have a look at Youth Financial savings Applications,” August 12, 2013
“What do women need?” August 13, 2013
“Mía! Ladies save for the long run within the Dominican Republic,” August 14, 2013
“Lenege! Enthusiastic about tomorrow for youth in Ethiopia and past,” August 15, 2013