CYFI News & Blog

Latest news and articles from Child & Youth Finance and the CYF Movement Network
Sep
19

nimbl – the future of financial inclusion through fintech

In a recent survey of 6,000 parents in the UK, 7 in 10 agreed that their children do not understand the value of money in the way that they did when they were the same age. The survey, commissioned by nimbl, the prepaid MasterCard® debit card and smartphone app for children aged 8-18, found that 80% of parents believe that children spend money too easily. 2 in 3 parents also believe that the growth of digital money makes it harder for children to learn about spending.

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Sep
19

G20 High-level principles for digital financial inclusion have been endorsed!

Under the leadership of the Chinese G20 Presidency, the G20 Global Partnership for Financial Inclusion (GPFI) developed a new set of High-Level Principles (HLPs) that encourage governments to promote a digital approach to financial inclusion.

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Sep
16

CYFI conducts workshop on active learning methods in Moldova

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Sep
16

Workshop on active learning methods and product development workshop for child and youth friendly banking products in Azerbaijan

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Sep
15

KIESA, ICK and Ye! Join Hands in Boosting Young Entrepreneurs

On September 9, 2016 eight emerging young Kosovo entrepreneur stars pitched their business ideas to policy makers, angel investors, financial sector representatives and successful entrepreneurs during a high-level pitching event hosted by the Kosovo Investment and Enterprise Support Agency (KIESA). At the event, Mrina Godanca from “Architecture for Humans”, won the “Ye! Young Entrepreneur of the Year” Prize. The 2nd place goes to Mendim Avdyli (Sumthesun) and 3rd place to Lum Kryeziu (Spartments). The two entrepreneurs received interest-free loans provided by TEB Bank to further develop their business ideas.

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Sep
14

CYFI Network Stars: Tom Okot

This month's CYFI Network Star is Tom Okot, a young entrepreneur who has created positive social impact as part of his work around farming reform!

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Sep
12

Fiji releases their 2016-2020 National Financial Inclusion Strategic Plan

The Reserve Bank of Fiji and the country’s National Financial Inclusion Taskforce has unveiled their 2016-2020 National Financial Inclusion Strategic Plan. This plan is a follow-up to their first national strategy 2010-2014, wherein the country has been able to successfully integrate Financial Education (FinEd) into the national curriculum for primary and secondary students.

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Aug
18

Advancing Economic Citizenship for Youth alongside Trade and Development

Financial inclusion, financial capability and sustainable livelihoods are essential components of full economic citizenship, contributing to economic development within and between nations. CYFI works with key UN agencies, such as UNCTAD and UNCDF, to promote full economic citizenship for children and youth through government agencies, private enterprise and civil society.

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Jul
19

Economic Citizenship: A step towards the Sustainable Development Goals

Child and Youth Finance International (CYFI) has recently published a network brief with the aim to point out how Economic Citizenship for children and youth is crucial in reaching the Sustainable Development Goals (SDGs) and sub-targets by 2030.

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Jul
19

Workshop on youth empowerment at the Annual MFC Conference 2016

Child & Youth Finance International (CYFI) was once again leading the discussion on the youth segment at the annual conference of its strategic partner – at the 19th Microfinance Centre Conference that took place 23-24 June 2016 in Tirana, Albania.

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Jul
17

CYFI Network Stars: Sarmad Ali

An active youth member of CYFI's network, Sarmad Ali is young trainer, human rights activist, researcher, community leader, freelance and student from Bangladesh.

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Jul
14

CYFI consultation on guidelines for making payment products safer for children and youth

CYFI have developed a set of guidelines for Financial Service Providers on how to make their payment products safer for children and youth and wants to hear your opinion!

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Jul
14

CYFI collaborates on workshop on financial inclusion for young people in Ukraine

CYFI together with its project partner University of Banking and the National Bank of Ukraine held a seminar in Kyiv on July 8th on the role of public-private partnerships and the role of the private and civil society sectors in improving financial literacy and access to basic financial services for young people in Ukraine.

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Jun
17

CYFI ranked among top NGOs in the World

The fourth edition of Top 500 NGOs World has ranked CYFI in the top 50 of the world’s top charitable organizations. Recognizing the Child and Youth Finance Network’s collaborative approach, Jean Christophe Nothias, Editor of NGO Advisor, noted that CYFI’s ranking ‘reflects not only immense efforts from CYFI’s team and partners but the organization’s deep commitment to create a more inclusive world’.

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Jun
17

CYFI Network Stars: Thea Handumon

Continuing our focus on the role of youth participation in acheiving economic empowerment for children and young people, this month's CYFI Network Star is Thea Handumon! Thea has been a very active youth member of the CYFI network in recent years - thanks for all of your suppport Thea!

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Jun
17

YES Cameroon launches financial education training for 6000 micro-entrepreneurs

6000 microfinance entrepreneurs are expected to benefit from a financial literacy project launched on June 14, 2016 by the Youth Employment Services (YES) Cameroon and the Association of Entrepreneurs in Cameroon (AEC). The project beneficiaries will be selected from all 10 regions of Cameroon and will undergo a five-day intensive training on topics including, budgeting, debt management, savings, negotiations, insurance and micro-credit. They will also receive training on effective entrepreneurship.

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Jun
16

CYFI joins ParentPay to launch financial awareness solution for youth

On 14 June, Child and Youth Finance International (CYFI) joined Network partner, ParentPay, the market-leading online payment service for schools and families, for their launch of nimbl, a new financial platform aimed at encouraging financial awareness and independence amongst young people via the use of a prepaid MasterCard® debit card and smartphone app.

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Jun
16

Network Collaboration: Reflecting on working with CYFI

A key part of CYFI and the Child and Youth Finance Network’s approach to ensuring young people worldwide can become economically empowered citizens is through collaboration with our global Network.

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Jun
16

CYFI SchoolBank workshop success in Zimbabwe

On 23 and 24 May Child and Youth Finance International (CYFI), in collaboration with the People’s Own Savings Bank (POSB) Zimbabwe, organized a SchoolBank Workshop in Harare, Zimbabwe. The two-day event was attended 25 participants, including branch managers of POSB Zimbabwe and employees of the Reserve Bank of Zimbabwe and the Ministry of Education. It was aimed at providing the participating institutions, who will be engaged in a SchoolBank Zimbabwe pilot, an understanding of the principles and operational modules for a SchoolBank project.

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Jun
15

Developing child and youth-friendly financial services in Zambia

Child and Youth Finance International (CYFI) in collaboration with the Bank of Zambia (BoZ) organised a two-day product development workshop on May 9 and 10, 2016, at Protea Hotel Lusaka. The objective of the workshop was to train Zambia´s financial services providers (FSPs) on how to develop innovative, appropriate, and cost effective savings accounts for children and youth. It also aimed at training participants on how to link product portfolios for children and youth to financial education.

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