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85,000 Low-income Youth Open Savings Accounts through YouthSave

May 8, 2014
The YouthSave project announced new results from a five-year program designed to increase saving and asset building among youth in developing countries.

85,000 low-income youth open savings accounts through YouthSave

May 7, 2014
WASHINGTON, DC – Dispelling the myth that poverty is the biggest barrier to saving, the latest figures from a five-year program indicate that 85,000 low-income youth in four countries, Nepal, Kenya, Ghana and Colombia, have opened savings accounts designed specifically for and with them. While we must wait another year for final conclusions, preliminary data indicates that YouthSave is contributing to the goal of financial inclusion for a particularly vulnerable population. 
 

Taking the Jeff Bezos Approach to Building Your Own Startup

  • By
  • Eric Tyler,
  • New America Foundation
December 5, 2013 |

India May Benefit from Financial Access Initiative | The Hindu

October 19, 2013

Less than a year ago a report on financial access of the poor in India, authored by the New America Foundation think-tank, found that despite the Indian government’s “ambitious attempts in recent years to provide financial services to its poorest citizens” the desired effect had not been achieved with “65 per cent of adults excluded from the formal financial sector.”

Hope or Hype? Five Obstacles to Mobile Money Innovations for Youth Financial Services

  • By
  • Jamie M. Zimmerman,
  • Julia Arnold,
  • New America Foundation
September 12, 2013 |

Seen as a critical enabler of young people’s economic empowerment, youth financial inclusion has galvanized support and activity all over the world, garnering attention from policymakers, the financial sector, practitioners, and researchers. At the same time, technology, particularly the mobile phone, is increasingly seen as a potential tool to bridge gaps in information, products, and services to poor people worldwide. Services like M-PESA in Kenya have sparked interest and attention around the mobile phone’s potential to accelerate the pace toward global financial inclusion.

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