L storm workshop-slides_making_centsPresentation Transcript
Why Youth? Why Now?
Today’s global youth population is largest in
history of world.
1.5 billion people between 12 and 24.
1.3 billion of them live in developing countries.
Youth comprise more than 50% of the population
in some developing countries.
Global Youth Unemployment
620 million unemployed youth (15-24)
Adult -Youth Unemployment Globally - 1:2.8
North Africa – 3.8
SE Asia/Pacific – 5.0
Designing YFS: How are youth-inclusive
financial services unique?
Slight modifications to terms
Delivery channels and
Socio-Economic Case for Serving Youth
Young people are economically active
Young people need savings
Young people borrow money
Existing youth clients demand more personalized services
Young people need to learn while they are young
Young people are an investment
Business Case for Serving Youth
•Building brand identity
•Increasing client satisfaction/retention
•Corporate Social Responsibility (CSR)
•Not ceding market share to competitors
The Way Forward
More youth-friendly banking policy and regulation
Increased funding and advocacy for product
More research on what works