04/30/2013 - 8:51pm
"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 - 7:35pm
"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.”
03/08/2013 - 4:57pm
"YouthSave has been making the rounds and sharing insights, updates and lessons learned with others in the field."
01/03/2013 - 2:57pm
By Eric Tyler, New America Foundation
Over the holidays, in an independent supplement to USA Today, the voices of four YouthSave account holders came to the forefront. The special edition was focused on “Investing in Asia”, and the YouthSave participants’ insights were highlighted in a questionnaire. In the piece, two girls and two boys aged 12 to 15 living in Nepal revealed meaningful financial aspirations and captured how saving was important to achieving these goals.
10/15/2012 - 6:48pm
By Katie Stalter, CSD
YouthSave researchers had a unique opportunity this August. They had the chance to meet project participants, and hear firsthand how their work is making a difference for youth in Nepal.
On the last day of the YouthSave Learning and Exchange Event held in August, conference attendees took a field trip to two Nepalese schools. There, children were participating in a YouthSave financial education workshop and making deposits into their saving accounts. The visitors not only...
09/25/2012 - 5:30pm
By Jennifer Denomy, MEDA
(orginally posted on the SEEP Network)
Kathmandu, located high in the Himalayas in a bowl-shaped valley in central Nepal, recently provided a dramatic setting for the first of four training sessions on youth financial services provided as part of SEEP’s Reaching Scale in Youth Financial Services Practitioner Learning Program (PLP), which started 2.5 years ago.
09/14/2012 - 7:04pm
By Nicole Tosh, New America Foundation
On August 23rd, the YouthSave Consortium convened a Multi-Stakeholder Meeting, entitled “Youth & Their Money: Insights into the Financial Lives of Youth” in Kathmandu, Nepal. In addition to the intriguing discussion with the expert panelists—including YouthSave Director Rani Deshpande and YouthSave Project Coordinator in Nepal Jaya Budathoki—two youth from Bhaktapur discussed their experience with Bank of Kathmandu’s (BoK) Chetansil Yuwa Bachat Yojana...
09/07/2012 - 4:05pm
By Rani Deshpande, Save the Children
In August, the YouthSave Consortium and partners came together in Kathmandu, Nepal, for our third Learning & Exchange Conference, to update each other on progress and brainstorm ways to overcome common challenges. Perhaps my favorite quote from that 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.”
08/23/2012 - 9:51am
By Lissa Johnson and Julia Stevens, The Center for Social Development
Are YouthSave accounts attracting low-income youth? Are youth making deposits into their YouthSave accounts? Are there adjustments that would help youth to save more? These are questions we’re beginning to answer in YouthSave using data from the savings demand assessment in Ghana, Kenya, and Nepal.
The savings demand assessment, part of YouthSave’s multi-method research agenda, allows researchers to track youth...
08/08/2012 - 9:57pm
By Nicole Tosh, New America Foundation
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.