Webinar: How Can Microfinance Be More Inclusive To Children and Youth?

Join us on Wednesday, March 12 at 2:00 - 3:00 PM CET, as Child & Youth Finance International will be co-hosting a webinar with the Microcredit Summit Campaign, this webinar explores how microfinance can be more inclusive to children and youth. A small but increasing number of MFIs offer financial and non-financial services to children and youth. They are building the next generation’s capability to save, build assets, and, if needed, take (micro)loans to support their enterprises.

The webinar features Mr. Walid Ahmed from BRAC Tanzania, who will present on BRAC Tanzania’s “Empowerment and Livelihoods for Adolescents Program” which works to socially and financially empower youth (age 11-19), mostly girls, through a combination of life skills education, livelihoods training, financial literacy, credit support, club activities, and community participation. The program aims to build girls’ confidence, instill a sense of self-worth, encourage positive behavior changes, and improve their quality of life. Mr. Ahmed will discuss the main program features and some key successes, lessons learned and challenges and opportunities ahead.

Taking from the example of BRAC, some key challenges around child and youth inclusiveness of microfinance will be discussed with Mr. Larry Reed, Director of the Microcredit Summit Campaign. As the Campaign focuses on ending extreme poverty, what is the role of financially including children and youth? MFIs addressing youth unemployment and poverty, and children’s financial illiteracy also struggle with financial sustainability, the balance between financial and non-financial services, and capacity development of their staff. Notwithstanding these challenges, the examples of BRAC and others show there are powerful ways for MFIs to create sustainable change. Mr. Reed will also talk about the shared commitments that the Campaign and CYFI have to make microfinance more child and youth inclusive. The Microcredit Summit Campaign and CYFI are partners with a commitment to lifting 100 million households out of extreme poverty and providing 100 million children and youth in 100 countries with a savings accounts and financial education.

This webinar is part of Global Money Week (GMW), the annual global awareness week (10-17 March 2014) organized by CYFI and its partners and stakeholders. GMW creates awareness with children, youth, parents, and teachers around economic citizenship education and financial inclusion for children and youth.

Registration Details

Topic: How Can Microfinance Be More Inclusive To Children and Youth?

Date: Wednesday, March 12, 2014

Time: 2:00 - 3:00 PM CET

Registration: Click here to login

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Innovations in Mobile Money – bKash

Remember the days when you had to go to the bank to transfer money or deposit a check? All the hassle of getting in your car, driving to the bank, waiting in line and filling out forms now seems like an antiquated routine. Now imagine the closest bank being 50 kilometers away and your transportation an overcrowded and unsafe bus, prone to onboard theft and unreliability. Chances are you wouldn’t keep your money in the bank, despite the security and perks it may offer—you’d rather take the risk of stashing your cash at home.

Millions living in rural Bangladesh—and billions around the world—face this dilemma. This was the impetus for the creation of bKash Limited, a mobile money service by BRAC Bank, a socially responsible financial institution founded by the nation’s anti-poverty giant BRAC.

Read more at YouthTech

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