Upload
meryl-may
View
215
Download
0
Embed Size (px)
Citation preview
[email protected] www.e-mfp.eu
MEDA
MEDA was created in 1953. MEDA believes that all people may experience God’s love and unleash their potential to earn a livelihood, provide for families and enrich their communities;
Our main activities are market linkages, financial services and investment funds development
[email protected] www.e-mfp.eu
YouthInvest
YouthInvest is a 5 years project funded by MasterCard Foundation;
The main objective is to facilitate access to financial and non financial services to youth in Morocco and Egypt;
[email protected] www.e-mfp.eu
Youth Invest Goals
To support education and training opportunities for youth to ensure improved long-term prospects and to contribute to a higher-quality workforce
To increase youth access to appropriate financial services, such as loans and savings
To support financial service providers – including MFIs and banks – to develop financial products appropriate to economically active youth
To provide on-the-job experience through short placements in safe, appropriate and active businesses
[email protected] www.e-mfp.eu
[email protected] www.e-mfp.eu
Savings
96% of youth save among whom 40% saves regularly.
Only 4% of youth don’t save because of : lack of money (67%) lack of work and regular income (17%) excessive expenses (17%)
« I am still studying and the little allowance that my parents give me is just enough to cover my education’s expenses »
[email protected] www.e-mfp.eu
Opening of a saving account
82% have a saving accounts among whom 72% had opened it thanks to the program.
This account is generally opened in « la poste » because of the little minimum deposit that it requires.
19% didn’t open a saving account because of :
lack of money or lack of a regular income (45%). So they save a little amount of money in their house.
tutor is busy or refuses to open a saving account for his child (a lot of work, live far in the suroundings regions )(10%)
fact that youth were busy by the revisions and exams and they didn’t find a time to go to the bank/« la poste »(10%)
fact that by saving at home, youth access easily to their money (7%)
[email protected] www.e-mfp.eu
Savings objectives
96% of youth have a saving objective among which 90% defined it thanks to the program
The youth save in order to:
create their own business (25%). They affirmed that savings would not be enough but it’s necessary to show their will and their committment to the business;
buy their clothes , their shoes, finance their travel…. (21%)
buy an asset like a bike or a mobile phone (17%)
face the emergency cases like illness (14%)
[email protected] www.e-mfp.eu
Increase in savings
For 65% of youth, the amount saved increased.
This amount is less or equal to 200 dh for 55% of youth.
For 35% of youth, the savings remined the same or decreased a little because of:
lack of money due to the fact that they don’t work or don’t have a regular income(44%); higher expenses that youth faced (24%) as participating to the household expenses or education fees; fact that they just opened their account and don’t have enough time to increase their savings(11%).
[email protected] www.e-mfp.eu
Impact of training on youth behavior
All the young interviewees (100 %) declared that their behavior has
positively changed thanks to the program.
95 % of youth assert that this change of behavior was noticed by one third person.
The majority of youth qualify the program as a good experience and encourage
others to attend it.
Youth assert unanimously that the program helped them by allowing them mainly to:
Have a better relation with their acquaintances (friends, family, professors…) (17,5 %) Save (16,5 %) Manage better their expenses (14,4 %) Fix a purpose and plan to realize it(12,5 %) Strengthen their personal skills (10,8 %)
[email protected] www.e-mfp.eu
The most appreciated aspects in the program
22 % of youth declare that it is the
training’s contents which they
have most appreciated followed
by the training’s method
Training (19 %) and the
Trainer (18,6 %).
These 3 aspects are, according to
youth, the success keys of the
program " 100 hours to success ".