Technical Advisory Services for YouthStart (UN Capital Development Fund) - Various countries
Background: The United Nations Capital Development Fund (UNCDF) is implementing YouthStart, a multi-year project seeking to expand access to financial services for low-income youth (defined as ages 12-24) in Sub-Saharan Africa. MEDA provided technical assistance to UNCDF's 10 Financial Service Provider partners on youth financial services. This technical assistance included supporting field partners on piloting new youth products, marketing the products to prospective clients and building the capacity of partner staff.
The partners for this work are listed below:
Burkina Faso: RCPB (Réseau des caisses populaires du Burkina Faso)
Democratic Republic of Congo (DRC): Finca - Democratic Republic of Congo
Ethiopia: PEACE (Poverty Eradication and Community Empowerment) and ACSI (Amhara Credit and Savings Institution)
Malawi: OIBM (Opportunity International Bank of Malawi)
Rwanda: UCU (Union Des Coopecs Umutanguha)
Senegal: PAMECAS (Programme d'Appui aux Mutuelles d'Épargne et de Crédit au Sénégal) and CMS (Crédit Mutuel du Sénégal)
Uganda: Finance Trust and Finca
Project Goal: Increased access to financial services for low income youth in Sub-Saharan Africa
Reach: 200 000 youth
Funder: United Nations Capital Development Fund (UNCDF) / The MasterCard Foundation
Project Length: MEDA's role lasted approximately one year (2012 - 2013) of a four-year project.