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Join us on Wednesday, March 12 at 9:00 AM EDT* for a webinar titled “How Can Microfinance Be More Inclusive To Children and Youth?”
* Our clocks will be set forward by 1 hour on Sunday, March 9th for Daylight Saving Time (DST) in the US. Find what time the webinar will be in your country.
Co-hosted by Child and Youth Finance International (CYFI) and the Microcredit Summit Campaign, this webinar explores how microfinance can be more inclusive to children and youth. A small but increasing number of MFIs offer financial and non-financial services to children and youth. They are building the next generation’s capability to save, build assets, and, if needed, take (micro)loans to support their enterprises.
The webinar features Walid Ahmed from BRAC Tanzania, who will present on BRAC Tanzania’s “Empowerment and Livelihoods for Adolescents Program“ which works to socially and financially empower youth (age 11-19), mostly girls, through a combination of life skills education, livelihoods training, financial literacy, credit support, club activities, and community participation. The program aims to build girls’ confidence, instill a sense of self-worth, encourage positive behavior changes, and improve their quality of life. Mr. Ahmed will discuss the main program features and some key successes, lessons learned and challenges and opportunities ahead.
Taking from the example of BRAC, some key challenges around child and youth inclusiveness of microfinance will be discussed with Larry Reed, director of the Microcredit Summit Campaign. As the Campaign focuses on ending extreme poverty, what is the role of financially including children and youth? MFIs addressing youth unemployment and poverty, and children’s financial illiteracy also struggle with financial sustainability, the balance between financial and non-financial services, and capacity development of their staff. Notwithstanding these challenges, the examples of BRAC and others show there are powerful ways for MFIs to create sustainable change. Mr. Reed will also talk about the shared commitments that the Campaign and CYFI have to make microfinance more child and youth inclusive.
The Microcredit Summit Campaign and CYFI are partners with a commitment to lifting 100 million households out of extreme poverty and providing 100 million children and youth in 100 countries with a savings accounts and financial education.