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Promoting Inclusive Markets and Financial Systems

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Incentives to Encourage Partnerships

As in other fields, the key to successful partnerships in youth financial services lies in ensuring mutual benefit to both sides. The financial organization and the new partner must both have a clear picture of each other’s objectives and of how value is being created for each of them – and, in this case, for the youth. One example of a successful partnership is below. Partnership between Hatton National Bank and schools HNB extends their services to schools, either through a physical outpost or through mobile banking. The partner school appoints six students to run the bank as well as a teacher to supervise and guide them. In exchange, HNB provides financial assistance to various school activities, or in the form of materials such as computers and library books. The institution also gives lectures on banking and other areas of interest to students.

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