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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

YouthStart by the Numbers

822,000

New young beneficiaries

$22M

Saved at FSPs

$29M

Loaned to young entrepreneurs

750,000

Youth trained through financial education programmes

Stories from the Field

Our Team

Dakar, Senegal

Maria Perdomo
Youth Finance Global Specialist

Ata Cisse
Youth Finance Regional Specialist

Arianna Gasparri
Youth Finance Advisor