Last week, the Consultative Group to Assist the Poor (CGAP) hosted a webinar entitled “Exploring the Business Case for Youth Savings,” which brought together leaders from global savings initiatives to discuss the market conditions, considerations and motivations that banks face when implementing youth savings programs.
At the webinar, CGAP unveiled its draft Business Case Framework for Youth Savings, which provides development professionals a tool to better understand the business decisions behind youth savings. CGAP presented the framework in order to solicit continued feedback. The framework organized the various situations that financial service providers might face into four illustrative scenarios that varied by levels of competition, opportunity cost and time horizon.
"Our friends at the Global Financial Inclusion Initiative (GFII) at Innovations for Poverty Action (IPA) have announced that they will offer research funding to support projects analyzing the effectiveness of innovations in the field of financial inclusion. EOI submissions are solicited."
Register and participate in the upcoming "Exploring the Business Case for Youth Savings" webinar, hosted by CGAP on July 2nd, 2013.
"Policy Innovations in Youth Financial Services" Blog Series Post #3: Seeing the Opportunity and Business Case for Youth Finance
"...access to small amounts of finance for young people and their young businesses is never going to be a priority for commercial lenders. It is difficult, it is time consuming and it is expensive. This is not a traditional market failure; it is an understandable market choice."