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YouthSave Learning Exchange Event

Join the event to explore three approaches to promoting financial education for adolescent girls and the implications of different delivery platforms. Learn how the YouthSave project collaborates with FEPP to address financial capability challenges in Kenya and their project implications.

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YouthSave Learning Exchange Event

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  1. YouthSave Learning Exchange Event YouthSave Helping Youth Build a Tangible Stake in Their Future Monday, February 14

  2. Moderator Presenters EAB Panel Discussion 2: Financial Capability/Education 2:00 – 3:30 Jamie Zimmerman Jennefer Sebstad Bilha Maina Jason Wolfe

  3. Financial Capabilities/EducationJennefer Sebstad YouthSave Helping Youth Build a Tangible Stake in Their Future

  4. Three approaches to promoting/delivering financial education for adolescent girls • school based programs • bank based programs • community based programs • Implications of these different platforms for  • reaching particular target groups • scale • sustainability

  5. YouthSaveHelping Youth Build a Tangible Stake in Their Future FEPP INITIATIVE Collaborating with YouthSave Bilha Maina FEPP Project Manager/EAB Member

  6. Financial capabilitySurvey finding for Children’s project in Kenya • Kenya does not provide for financial education in its curriculum; Many children drop out at primary schools; financial education is considered a family matter; Parents do not have financial knowledge and skills, or access to financial services; Children denied the chance to learn about money matters; The inherent “passing down” of financial illiteracy perpetuates the cycle of poverty. • Baseline survey carried on representative sample: 480 primary school children, 20 out of school, 128 teachers, 131 community leaders, parents

  7. Project ImplicationsCan the YouthSave project contribute? • Generate evidence required to influence policy development and curriculum development for in and out of school youths • Develop an appropriate product that children can access independently through a trusted administration system (school, DO), make it accessible • Embed a strong financial capability component into the project, disseminated through PostBank and agents, DEO’s, school clubs • Consistently evaluate the consumer protection issues, use biometric data for identification • Incorporate FEPP and the Ministry of Finance in the oversight of the project, advocate and push for innovation.

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