Reshaping the Future of Finance 0 How should MFIs tailor their products to youth clients? Bram Stoffele Manager Child and Youth Friendly Products
Reshaping the Future of Finance Questions
Reshaping the Future of Finance 2 1. Minimum age to open account?
Reshaping the Future of Finance 3 2. Minimum age to operate account independently?
Reshaping the Future of Finance 4 3. Minimum account balance?
Reshaping the Future of Finance 5 8 criteria For Child and Youth Friendly Banking Products
Reshaping the Future of Finance 6 1.Availability & accessibility
Reshaping the Future of Finance 7 2. Maximum Control
Reshaping the Future of Finance 8 3. Positive Financial Incentive
Reshaping the Future of Finance 9 4. Reach Unbanked Children & Youth
Reshaping the Future of Finance Child friendly communication 5. Employment of Child & Youth Friendly Communication Strategies
Reshaping the Future of Finance Financial Education
Reshaping the Future of Finance Monitoring of child and youth satisfaction
Reshaping the Future of Finance Internal Control
Reshaping the Future of Finance 14
Reshaping the Future of Finance mln children in 100 countries by 2015
Reshaping the Future of Finance 16 The Mission Building Blocks
Reshaping the Future of Finance 17 > ~80 central banks in dialogue > 30 banks partner > 10 banks to certify > Support of major banking networks > Plan, OECD, UNCDF, UNICEF, UNESCO Overview CYFI
Reshaping the Future of Finance 18 Child and Youth Friendly Banking Product Certificate > 1 st international benchmark > Promoting global financial inclusion of children & youth > ensuring adequate safeguards > Supporting FSPs in design
Reshaping the Future of Finance 19 Why apply? > Commercial value – pioneer, attract, invest > Social (CSR) value – recognition, profiling, brand- value
Reshaping the Future of Finance 20 > Fulfill requirements > Readiness assessment > Audit How?
Reshaping the Future of Finance Join Our Partners
Reshaping the Future of Finance 22 Thank You More on ChildFinance: CYFI for kids & teenagers And Childfinance Day (17 March): More on our annual Summit Contact me at: