YSFP is a one year (1st Sept, 2017 to 31st Aug, 2018) program implemented by the Private Education Development Network (PEDN) with the support of Citi Foundation through a Public Private partnership model. The goal of the program is to use financial inclusion as a pathway to economically empower youth between the ages of 16- 24 into becoming socially and financially empowered members of the community.
Focus areas for the program
- Change in financial behaviour and attitudes towards financial services through financial literacy
- Promotion of the usage of financial services through advocating for youth friendly financial services.
- Employability skills and workforce readiness through mentorship, and career guidance workshops.
- Entrepreneurship and hands on skills enhancement through market led training skills.
Results Statement of the program
- 10,000 youth from the ages of 16-24 years to be reached during the program interventions.
- 60% will start saving financial and non-financial resources.
- Average savings of the beneficiaries will increase by 15%
- 80% of the beneficiaries will have better employ ability skills and workforce readiness.
- 31.2% of the beneficiaries will have built financial assets
- By the end of the program the number of saving accounts opened will increase by 15%.
- 65% of the direct beneficiaries will change and maintain changes to their financial behaviour.
80% of the beneficiaries will demonstrate new entrepreneurship and/or employ-ability skills