What we will do next?
Based on the recommendations of the evaluation of the regional pilot, UNCDF is now bringing its expertise in empowering youth through financial inclusion to other LDC’s and deepening its intervention in the countries of the regional pilot across the following programmatic options:
- As part of coordinated efforts where the youth financial inclusion expertise of UNCDF can be integrated within broader youth employment programmes in partnership with other development partners, international NGOs, etc.
- As part of coordinated efforts where a youth-focus financial inclusion programme responds to the needs of the government and complements the financial inclusion efforts of other funders/key actors
Use UNCDF tools to increase access to finance for youth
At the providers level
We provide technical assistance to FSPs to develop:
- Youth centric financial services.
- Strategies to expand their outlets to places where youth are.
- Strategies and services to reach the most vulnerable youth (ie. young women and girls, out of school youth, potential migrants).
We provide grants to support FSPs and youth serving organizations (YSOs) to develop complementary non-financial services for youth
We provide grants, loans and guarantees to support financial institutions to take risks to better support young entrepreneurs and SMEs with a big potential to employ large numbers of young people
Supporting the development of the financial ecosystem
We capture new data, especially customer centric data on youth and adolescents to boost youth financial inclusion
We stimulate private-public dialogue to inform policy changes, test new approaches and forge new partnerships between FSP, YSO and the government
Build the capacity of market actors to test new approaches to serve youth
At the policy level
Facilitate the participation of the regulator in peer to peer learning opportunities
Support the regulator and the ministry of finance to coordinate with other ministries working to increase economic opportunities for youth
Support the regulator to develop specific strategies and policies that increase access to finance for youth and SMEs with the potential to employ large numbers of young people