Title: Youth Save Program

Abstract: The MasterCard Foundation has developed a partnership with a consortium of four organizations to conduct a landmark, global research initiative that will test how to sustainably deliver savings services to low-income youth in the developing world.  The initiative – YouthSave – is based on emerging evidence that suggests linking youth to savings may improve their economic, educational and health-related features.  The four organizations participating in the consortium are Save the Children, the Center for Social Development at Washington University in St. Louis, the New America Foundation, and CGAP (the Consultative Group to Assist the Poor).

This project has been launched concurrently in Nepal, Ghana, Kenya and Columbia. New ERA is the local research partner of the Center for Social Development at Washington University in St. Louis, USA. The research will envisage how the attitude of saving among the youth can be enhanced in low income societies. YouthSave Project envisions the success within four years; it is to understand the conditions for sustainable delivery of savings products and services that can substantially improve the life chances of low-income youth in the developing countries, and transfer this knowledge to people in a position to increase their accessibility to financial services and improve the quality of life.

Sponsored By: The MasterCard Foundation/USA. Ongoing, Availability: Not available

 

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