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Promoting Inclusive Markets and Financial Systems

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Practitioner Learning Program

The Innovations in Youth Financial Services Practitioner Learning Program (PLP) is an action-learning project focused on scaling up youth financial services using innovative practices, as well as understanding critical steps and stages that organizations must move through to achieve scale. The envisioned impact is to increase the number of youth clients served by appropriate financial services, and to improve the quality and breadth of service provision. The youth market represents a major challenge and opportunity for the microfinance field. Young people have a number of financial goals, from paying school fees to helping out with family expenses; and some even start small enterprises of their own. Yet only three percent of youth worldwide currently have access to any type of financial services. The Innovations in Youth Financial Services PLP was created to help financial service providers meet this growing need for products and services tailored to young people. With over a billion people in the developing world now between the ages of 12 and 24, reaching the youth market is more critical than ever. By harnessing young people’s great potential to learn, and providing them with solid financial services and understanding, formal financial institutions, like the 4 PLP partners, can help the world’s youth lift themselves and their families out of poverty.

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