Building Social, Financial and Economic Assets for Girls - Youth ...
Building Social, Financial and Economic Assets for Girls - Youth ...
Building Social, Financial and Economic Assets for Girls - Youth ...
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<strong>Building</strong> <strong>Social</strong>,<br />
<strong>Financial</strong> <strong>and</strong><br />
<strong>Economic</strong> <strong>Assets</strong> <strong>for</strong><br />
<strong>Girls</strong> – Pilot to Rollout<br />
to Replication<br />
Karen Austrian<br />
Global <strong>Youth</strong> <strong>Economic</strong> Opportunities Conference<br />
Washington, DC<br />
September 12 th , 2012
The<br />
Population<br />
Council<br />
conducts biomedical,<br />
social science, <strong>and</strong><br />
public health<br />
research. We deliver<br />
solutions that lead to<br />
more effective<br />
policies, programs,<br />
<strong>and</strong> technologies that<br />
improve lives around<br />
the world.
Asset <strong>Building</strong> Framework<br />
<strong>Social</strong> + Human + <strong>Economic</strong> <strong>Assets</strong><br />
-girls need all three<br />
<strong>Assets</strong> are a store of value<br />
ASSETS REDUCE VULNERABILITY<br />
ASSETS EXPAND OPPORTUNITIES
Girl plat<strong>for</strong>ms are bowls into which you can add<br />
many elements. Without this bowl—or plat<strong>for</strong>m—<br />
very little of sustained value to girls is possible.<br />
Planning<br />
basic health<br />
in<strong>for</strong>mation<br />
entrepreneurship training<br />
control over<br />
savings<br />
<strong>Building</strong> capacities
The “Bowl” can be filled with different ingredients, depending on which<br />
girls you want to reach<br />
basic health<br />
in<strong>for</strong>mation<br />
control over<br />
savings<br />
Planning<br />
entrepreneurship training<br />
<strong>Building</strong> capacities<br />
Health/Human<br />
* Knowledge<br />
* Skills<br />
* New Health Technologies<br />
* Introduction to Clinical<br />
Services<br />
<strong>Social</strong> Capital<br />
* <strong>Social</strong> connections<br />
* Friends<br />
* Self Esteem<br />
* Mentors<br />
* Safety Nets<br />
<strong>Economic</strong> Resources<br />
* <strong>Financial</strong> Capabilities<br />
Training<br />
* Access to Entitlements<br />
* Cash Transfers<br />
* Entrepreneurship<br />
* Saving Accounts
Safe <strong>and</strong> Smart Savings Products <strong>for</strong><br />
Vulnerable <strong>Girls</strong> in Kenya & Ug<strong>and</strong>a<br />
• Based on Safe Spaces<br />
Model to build girls social,<br />
human <strong>and</strong> economic assets<br />
• Groups of 20-25 girls, ages<br />
10-19 (two segments of<br />
groups)<br />
• <strong>Girls</strong> within groups open<br />
individual savings accounts<br />
• Weekly meetings in safe<br />
place provided by FI<br />
• Mentors above age of 18 in<br />
each group facilitate group<br />
meetings <strong>and</strong> deliver<br />
financial education <strong>and</strong><br />
health training<br />
• Parents meetings & fun days<br />
• Benefits: ID, homebank, t-<br />
shirt, friends
Adolescent <strong>Girls</strong> Empowerment<br />
Program (AGEP) - Zambia<br />
• 4 year program to<br />
reach 12,000<br />
vulnerable girls<br />
• Safe spaces groups<br />
• Health Voucher<br />
• Savings Account<br />
• RCT Impact<br />
Evaluation
Savings Alone is Potentially Risky<br />
• <strong>Girls</strong> with accounts<br />
only (<strong>and</strong> no group)<br />
were more likely to<br />
be robbed <strong>and</strong><br />
harassed by men<br />
<strong>and</strong> boys<br />
• In Kenya <strong>and</strong><br />
Ug<strong>and</strong>a, different<br />
variations on order<br />
of group vs. account<br />
opening<br />
• In Zambia, girls first<br />
join group, then<br />
open account
Engage Multiple Levels of FI<br />
Staff from the Start<br />
• CEO, HQ, <strong>and</strong><br />
branch level<br />
• Kenya/Ug<strong>and</strong>a –<br />
often one or the<br />
other<br />
• Zambia – from<br />
the start
Partner <strong>for</strong> Core Capacity<br />
• Kenya/Ug<strong>and</strong>a Pilot – FIs fully in driver<br />
seat <strong>for</strong> full model<br />
• Kenya/Ug<strong>and</strong>a Rollout – FIs contracted<br />
CBOs to <strong>for</strong>m girls groups, mentors,<br />
training content<br />
• CBOs had conflicting responsibilities<br />
• Zambia – FI is one of many partners<br />
• Leading savings account component, but<br />
not overall program, recruitment<br />
• Creative solutions to allow all to meet<br />
targets
Address KYC Early with Regulators<br />
• Kenya – pilot was<br />
more flexible, at<br />
rollout the FIs<br />
tightened the rules<br />
• PC pushed CBK to <strong>for</strong><br />
waiver based on data<br />
from program<br />
evaluation<br />
• Zambia – raised<br />
issues at early<br />
meetings with FI; FI<br />
went to Central Bank<br />
<strong>for</strong> waiver
Still Learning…<br />
• Longer term effect on girls + process<br />
evaluation of product development <strong>and</strong><br />
program implementation<br />
• Length <strong>and</strong> type of FE tools<br />
• Where does the money come from; who<br />
pays <strong>for</strong> various components of the<br />
model<br />
• Relationship between economic assets,<br />
specifically savings, <strong>and</strong> sexual<br />
violence/exploitation
ASANTENI – THANK YOU<br />
For More In<strong>for</strong>mation – contact Karen Austrian at kaustrian@popcouncil.org
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