A Glimpse into the Financial Lives of Ghanaian Youth: Findings from YouthSave’s Ghana Experiment Baseline Survey
Tuesday, July 24, 2012
"Another anticipated finding— and really the reason why YouthSave was launched—was that very few (3%) save their money with a bank or microfinance institution (MFI). Youth reported that they save their money in informal ways—safekeeping with family members or friends, using Susu collectors or savings clubs, or keeping their money in a hiding place."
Friday, July 13, 2012
"The increasing development of Kenya’s banking sector has allowed many people to have access to savings, especially those without prior access to financial services. This change has come primarily from new technologies, such as mobile phones and ATM machines, that have facilitated access to these services. In this rapidly changing environment, YouthSave’s partner, Kenya Post Office Savings Bank (Postbank), has had to work arduously to remain relevant to customers in a financial sector fundamentally different than the one a few years ago..."
Friday, July 6, 2012
"The business case for youth savings has been widely interpreted to mean ‘the numbers.’ I often get asked for hard data and research to show that youth savings can be a profitable product for institutions. Funnily enough, the people asking for these numbers are most often not financial service providers. Providers designing and launching youth savings products are generally not making decisions based on complex financial models. This got me thinking about how we actually define the business case. Is it really about hard data or is it more about the strategic opportunities that CEOs of financial institutions see for pursuing young clients?"
Friday, June 29, 2012
Colombia´s first Multi-Stakeholder Meeting brought together a diverse range of actors in the fields of financial education and financial access to discuss and share experiences, ideas, and inputs on issues that are critical for increasing youth financial capability. Four interesting themes emerged...