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Promoting Inclusive Markets and Financial Systems

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Live from Istanbul: Child & Youth Finance International Summit 2013

Greetings from the CYFI summit in Istanbul! The SEEP Youth and Financial Services (YaFS) working group members, Rossana Ramirez (Freedom from Hunger) and Nicki Post (MEDA), co-facilitated the meeting “Understanding Youth and their Financial Needs: Innovations in Youth Financial Services” with Ben Mackay (ADA) and Laura Munoz (UNCDF), both representing the European Microfinance Platform's (e-MFP) Youth Financial Inclusion Action Group. The presentation was standing room only with great engagement from participants and stellar moderation from Jared Penner (CYFI). The presentation was a great opportunity for Rossana and Nicki to give a high level overview of what the new SEEP YaFS learning tool is, what it contains and how practitioners and Financial Service Providers can learn from the current experiences on youth financial and non-financial services projects that are underway globally. Both Rossana and Nicki were able to touch on some of the key learnings on youth and how several current programs have utilized this knowledge to inform their project and product development. That said, they were also quick to identify that this learning tool serves to capture what we know now about the youth segment, but that more learning and documentation is required in the future. So what's next? Both working group members highlighted the opportunity for collaboration in the future. e-MFP proposed a collaborative piloting of 1 model and document the outcomes. It was an additional goal among both working group members that further cross collaboration and engagement will be key in learning more about this dynamic and ever evolving market. Why don’t you join the SEEP Youth and Financial Services working group to contribute to this growing discussion!

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