LIVELIHOOD OPTIONS FOR GIRLS: - Health Policy Initiative

APPENDIX A: PROGRAMMING MATRIXProgramming Framework for Livelihood Program and Economic Strengthening Options for Adolescents 1Type and Descriptionof ProgramElements of SuccessCautionsParticipant SocioeconomicProfile2Sample Programs and3Brief DescriptionEvaluations ofActual ProgramsAsset Growth and Protection (continued)Village Savings and • Similar to ASCRA programs • Similar to ASCRA programs • Rural married and urbanLoan Associations(VSLAs)—also calledAccumulating Savings andLoan Associations—are selfselectedand self-managedgroups of rural villagerswho pool their savings, setterms of operation, and lendout their savings to earninterest on them and createa source of credit. At theend of a specified period,the accumulated fundsare redistributed amongthe group in proportionto their contributions.Unlike externally financedmicrofinance programs,all interest remains in thecommunity and benefits thegroup members.(See above). (See above). unmarried out-of-schoolemployed adolescents, 15years old and older, whocan generate some fundsfor savings but do not haveaccess to formal banks ormicrofinance programs.Deposit Services and • Promote accounts with • Trying to convince formal • Youth living on the street • The TRY program in • Some microfinanceOther Group andchildren and allow them to financial institutions to or in slums, children Kenya provides loans and institutions (MFIs), suchIndividual Savingsparticipate in deposits. open an account in the whose parents are affected deposit services for youth, as the Self-EmployedPrograms• Provide incentives to savechild’s name only. (An adult by HIV/AIDS, and other along with basic business Women’s Associationand regular reports on themust be involved to create youth who want a safe place management and life skills (SEWA) in India, aregrowth of savings balances.a “contractual relationship” to put their savings. training as a condition for encouraging girls asHowever, the incentiveswith the institution.) accessing loans (Erulkar et young as 10 years old toshould not be such that • Requiring significant fees oral., 2006).accompany their mothershouseholds divert needed bank charges that erode theto programs with the idea• SafeSave (Bangladesh)resources for day-to-day savings balance faster than itof teaching them financialprovides deposit serviceslife to the savings account can accumulate.literacy before they save orfor street children andat the expense of the child’stake out loans. There are• To prevent mismanagement supervised loans for youthwelfare.indications that pairingor abuse, account holders older than 14 years old. financial literacy with a• Add education or financial should be linked directly to savings program increasesliteracy to the savings formal deposit mechanisms adolescents’ commitmentpromotion to build that ensure transaction to savings, particularlyconfidence and motivate transparency. if goal setting is part of21 |households to save forchildren’s needs.the savings educationcurriculum (Kalyanwala,2006).