November 23, 2010, Washington, D.C. - One-third of the global population is under the age of 19, but less than ten percent have access to financial services. Recognizing the important social, economic and behavioral impacts that access to tailored savings and asset-building tools have on youth's opportunities to prosper, YouthSave - a consortium of youth and microfinance focused NGOs - today launched www.youthsave.org. YouthSave.org is an online resource dedicated to the experiences and research of the YouthSave Project, as well as broader information on youth savings accounts around the globe.
*This press release was originally distributed by Save the Children
November 2, 2010, Kathmandu, Nepal - An agreement was signed between Save the Children and Bank of Kathmandu Ltd. today; formally launching the YouthSave project in Nepal. Mr. Brian J. Hunter, Country Director of Save the Children, and Mr. Ajay Shrestha, Chief Executive Officer of Bank of Kathmandu Ltd., signed on the agreement.
Press Release: Nueva Investigación de Save the Children Demuestra Que los Adolescentes de Países Pobres Quieren Ahorrar Más Dinero
“La percepción es que los adolescentes que viven en situación de pobreza (es decir, con menos de dos dólares diarios) no tienen dinero, y mucho menos dinero para ahorrar,” afirmó Rani Deshpande, directora del programa YouthSave de Save the Children, que realizó el estudio sobre el ahorro de los jóvenes. “Sorprendentemente, nuestra investigación demuestra que eso no es cierto”.
June 6, 2011: The experimental test of impacts in YouthSave has begun. ISSER, YouthSave’s research partner in Ghana, began conducting the baseline survey there on May 17, 2011. The successful planning and launch of the impact survey in Ghana is a promising beginning to a large and complex research experiment that is expected to yield important data and insights into youth and saving in developing countries. In all, 6,000 youth and their parents will be interviewed.
June 28, 2011: World Savings Banks Institute's "News & Views" May 2011 edition was released and includes an interview with YouthSave Director Rani Deshpande. Click here to read the interview, which can be found on page 15.
August 2, 2011: Director of YouthSave, Rani Deshpande served as a panelist for a June 26th event for YouthStart, a UNCDF-MasterCard Foundation initiative. The event highlighted key findings in youth financial service-focused market research across three initiatives: YouthStart, YouthSave, and Women's World Banking. Click here to read more about the event.
April 22, 2011: The Global Assets Project at the New America Foundation recently cross-posted Anya Maria Mayans piece on their blog, the Ladder. Ms. Mayans, a member of the YouthSave Consortium and CGAP consultant, recently wrote "Innovating in Financial Capability - the CFSI Awards and the Next Generation of Creative Interventions." Click here to read her full blog post.
February 14, 2011: The YouthSave Consortium, Expert Advisory Board (EAB) and partnering Financial Institution (FI) representatives from Project countries came together in Bogota, Colombia for a two-day learning exchange. The objectives of this meeting were two-fold: 1) to share YouthSave project progress and updates with our partners and EAB members and 2) to exchange lessons and engage our stakeholders on topics that can improve YouthSave’s efforts in developing, delivering and testing youth savings products targeted at low-income youth.