Tuesday, August 14, 2012
We set out to gain an understanding of the factors that make youth savings interesting for financial service providers and policymakers. The results of this research have just been published in CGAP’s first paper on the topic of youth savings: "Emerging Perspectives on Youth Savings"
The paper examines the role of finance in the lives of low-income youth in developing countries, looking in particular at the importance of savings for the youth market segment.
Wednesday, August 8, 2012
At the recent YouthSave event, Youth and Their Money, Rani Deshpande, Director of YouthSave at Save the Children, and Ruth Dueck-Mbeba, Program Manager at MasterCard Foundation sat down with New America Program Associate, Vishnu Sridharan, to discuss the business case for youth savings, the priorities of the MasterCard Foundation in microsavings and youth savings, and how youth manage their money.
Monday, July 30, 2012
"Despite this, when it comes to youth savings, there is still a demand to “crack the profitability nut” and to better understand the social impact of these products in the short and long term."
Friday, July 6, 2012
"The business case for youth savings has been widely interpreted to mean ‘the numbers.’ I often get asked for hard data and research to show that youth savings can be a profitable product for institutions. Funnily enough, the people asking for these numbers are most often not financial service providers. Providers designing and launching youth savings products are generally not making decisions based on complex financial models. This got me thinking about how we actually define the business case. Is it really about hard data or is it more about the strategic opportunities that CEOs of financial institutions see for pursuing young clients?"