02/21/2014 - 10:36am
YouthSave Project Director Rani Deshpande visited with a few of the over 5,000 young Nepalis who are currently saving in CYBY accounts at YouthSave’s partner, Bank of Kathmandu. She observed focus groups at a secondary school, a higher secondary school, and a girls’ madrassa.
12/20/2013 - 11:57am
The newsletter is overflowing with this year's highlights, and even includes a major farewell announcement along with a clickable scrapbook. Check it out here.
11/22/2013 - 4:34pm
"In May 2013, CYBY, the youth savings product rolled out by YouthSave partner Bank of Kathmandu (BoK) for children like Pramod, crossed a significant threshold: 10 million Nepalese Rupees (NPR) in deposits."
04/30/2013 - 3:51pm
"The market research behind BoK’s “CYBY” youth savings product revealed some seemingly contradictory findings. A significant proportion of the 500 youth respondents, approximately 80% of whom were low-income, actually said that they wanted a portion of their money locked away to help them accumulate more savings over the long-term. However, they also said that they needed emergency access to their savings to deal with unforeseen circumstances."
04/02/2013 - 2:35pm
"It was clear from the pilot that kids wanted to save – even after the initial three-month restriction on withdrawals had expired, those accounts registered only 7 withdrawals as opposed to 470 deposits in the first three and a half months following the pilot test launch. In this way, said Christine Kwaning, then manager of the Ashaiman branch, the pilot 'gave us an opportunity to know that there are people who desire to save for the future but do not know how to go about it.”
01/03/2013 - 9:57am
The findings about the complex development impact of savings on youth are just coming to light, but already as Pramod Tamang simply said in the questionnaire: "I feel more secure about my dreams now."
10/15/2012 - 1:48pm
"The conversations with Nepalese students will resonate with researchers as they look forward to the years ahead, when data will indicate just how large an impact YouthSave is able to make on the youth of Nepal, Ghana, Colombia and Kenya."
09/25/2012 - 12:30pm
"The workshop included about 25 people, representing not only YouthSave’s project staff and partners in Colombia, Kenya, Nepal, and Ghana, but also representatives from The MasterCard Foundation. In a room where everyone had experience and ideas to share on youth financial services (YFS), the session provided an opportunity for in-depth discussion on common topics and set the stage for YouthSave’s third Learning and Exchange event."
09/14/2012 - 2:04pm
As The Himalayan Times, who reported on the launch of BoK’s CYBY product launch back in April, stated in their coverage of the meeting, “Access to formal saving channels seems to have motivated Nepali youths to develop saving habits. Even though preteens and teens tend to keep their surplus money for future use, especially in piggy banks, access to organised depositing agencies culminate it into saving habits.”
09/07/2012 - 11:05am
Perhaps the favorite quote from the meeting came from Raju Shrestha, a YouthSave product champion at Bank of Kathmandu, when he said “It’s really nice to be able to stop talking about plans on paper, and start talking about what we did.”