Youth Savings Accounts

Kenya Postbank Launches SMATA Youth Account

Rani Deshpande and Zebedee Mkala, Save the Children
Wednesday, September 5, 2012

"The launch event marked the culmination of over a year of work by Kenya YouthSave partners, including Postbank, Save the Children, and the Kenya Institute for Policy Research and Analysis (KIPPRA).  The team conducted market research with over 550 youth and 100 adults in 8 regions of the country, a 5-month product pilot, and intensive consultations at the expert and community levels."

Youth Savings: Finding the Right Financial Tools at the Right Age

Alexis Saffran and Anjana Ravi, New America Foundation
Friday, July 27, 2012

"With a third of the global population today under the age of 19 and 90% of these young people living in developing countries — 45% living on less than $2 a day — there is an urgent need to create easy and efficient savings mechanisms for the young. While national governments, NGOs and multilateral institutions broaden program mandates to embrace financial inclusion the idea of providing savings at birth has experienced a resurgence here in the U.S. and around the world."

Webinar: Experimentation for a New Generation of Savers

Tuesday, June 5, 2012

 

 

The webinar on youth savings provides examples of approaches and mechanisms being implemented by financial service providers and non-governmental organizations that are making savings work for young people...

 

YouthSave Newsflash: Bank of Kathmandu Launches Youth Savings Account for Low-Income Youth

Rodrigo Sermeno, New America Foundation
Friday, April 27, 2012

 

"BoK, which has been promoting savings habits among different socioeconomic groups through tailored products and accessible channels, hopes this product will a) bring marginalized and unbanked young people into the mainstream financial sector; b) create and encourage savings habits among youth; and c) strengthen the bank’s corporate social responsibility towards this important growing segment of Nepal’s society."

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