Webinar: Why invest in young people? Launching the Banking on Change Youth Savings Group Model

Making Cents International

Did you know that whilst almost half of young people in sub-Saharan Africa say they save, 80% do not have a bank account? Young people aren’t a target of traditional savings groups either; a survey in 2013 found that of 103 organizations that promote savings groups in 43 countries, only 22% include youth or child-focused groups.

Why aren’t young people a part of savings groups, and is it worth including them? Banking on Change, a partnership between Barclays, Plan International UK and CARE International UK, set out in 2013 to find out. Three years on, Banking on Change has formed 11,715 Youth Savings Groups (YSGs) with 245,000 members.  Results have been positive, especially when adapted to youth needs and providing additional capacity building services. 

During this webinar, our panel of youth savings experts will walk through the 10 Principles featured in the Banking on Change Youth Savings Group Model and share 'how-to' guidance for creating effective, sustainable savings groups for youth.  Making Cents International will moderate the webinar, bringing its own experiences with YSGs and supportive services to the conversation as well.

Register for the webinar here and join here. For more information on the presenters, click here.